Common use of APPLICATION OF MONIES COLLECTED Clause in Contracts

APPLICATION OF MONIES COLLECTED. Any monies collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such monies on account of principal (or premium, if any) or interest, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (Agfeed Industries, Inc), Indenture (Agfeed Industries, Inc)

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APPLICATION OF MONIES COLLECTED. Any monies collected by the Trustee pursuant to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such monies on account of principal (or premium, if any) or interest, if any, upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (ICO Global Communications (Holdings) LTD), Indenture (ICO Global Communications (Holdings) LTD)

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