Common use of Application of Proceeds Clause in Contracts

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 87 contracts

Samples: Indenture (Tapestry, Inc.), Subordinated Indenture (60 Degrees Pharmaceuticals, Inc.), Senior Indenture (VCI Global LTD)

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Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 48 contracts

Samples: Senior Indenture (Morgan Stanley Capital Trust Iv), Senior Indenture (AXIS Specialty Finance PLC), Indenture (Smart Balance, Inc.)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall shall, subject to the subordination provisions hereof, be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 18 contracts

Samples: Senior Subordinated Indenture (Hawaiian Electric Industries Inc), Subordinated Indenture (AXIS Specialty Finance PLC), Subordinated Indenture (AXIS Specialty Finance LLC)

Application of Proceeds. Any Subject to the subordination provisions in this Indenture, any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 11 contracts

Samples: Subordinated Indenture (Teva Pharmaceutical Finance Co B.V.), Subordinated Indenture (Teva Pharmaceutical Finance Co B.V.), Subordinated Indenture (Teva Pharmaceutical Finance Co B.V.)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal Principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 11 contracts

Samples: Senior Indenture (MULTI COLOR Corp), Senior Indenture (Meridian Bioscience Inc), Senior Indenture (AtriCure, Inc.)

Application of Proceeds. Any moneys monies collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys monies on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 11 contracts

Samples: Eligible Liabilities Senior Indenture (Deutsche Bank Aktiengesellschaft), Eligible Liabilities Senior Indenture (Deutsche Bank Aktiengesellschaft), Eligible Liabilities Senior Indenture (Deutsche Bank Aktiengesellschaft)

Application of Proceeds. Any moneys monies collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys monies on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities thereto in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor the same series, of like tenor, in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 7 contracts

Samples: Senior Indenture (Freeport McMoran Copper & Gold Inc), Senior Indenture (Freeport McMoran Copper & Gold Inc), Subordinated Indenture (McMoran Exploration Co /De/)

Application of Proceeds. Any moneys collected by the Trustee for the Securities of any Series pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the such Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities of such Series and coupons any Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 7 contracts

Samples: Indenture (MidWestOne Financial Group, Inc.), Indenture (Alerus Financial Corp), Indenture (MidWestOne Financial Group, Inc.)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series Series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons any Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 6 contracts

Samples: Indenture (Enhance Financial Services Group Inc), Indenture (Enhance Financial Services Group Inc), Indenture (Cna Financial Corp)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, and upon surrender thereof if fully paid, or issuing Securities of such the same series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 5 contracts

Samples: Indenture (CMS Energy Corp), Indenture (Consumers Power Co Financing I), Indenture (CMS Energy Trust Ii)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article Seven in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal Principal, interest or interestAdditional Amounts, if any, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 5 contracts

Samples: Indenture (Glaxosmithkline Capital PLC), Indenture (Glaxosmithkline Capital Inc), Indenture (Glaxosmithkline PLC)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article IV in respect of the a Series of Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interestprincipal (including Additional Amounts), upon presentation of the several Securities and coupons appertaining to of such Securities Series in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 4 contracts

Samples: Indenture (Irsa Propiedades Comerciales S.A.), Indenture (Irsa Propiedades Comerciales S.A.), Indenture (Irsa Investments & Representations Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities Securities, and coupons Coupons appertaining to such Securities thereto, in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (Progressive Corp/Oh/), Indenture (Progressive Corp/Oh/), Indenture (Progressive Corp/Oh/)

Application of Proceeds. Any moneys collected by the Trustee for the Securities of such Series pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the such Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (Wellpoint Health Networks Inc /Ca/), Indenture (FMC Corp), Indenture (Wellpoint Health Networks Inc /Ca/)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities Securities, Guarantees and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (Plum Creek Timber Co Inc), Indenture (Plum Creek Timber Co Inc), Indenture (Plum Creek Timber Co Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Supplemental Indenture (Safeway Stores 42, Inc.), Supplemental Indenture (Albertsons Companies, Inc.), Senior Indenture (Greenlight Capital Re, Ltd.)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (Becton Dickinson Euro Finance S.a. r.l.), Indenture (Becton Dickinson & Co), Indenture (Becton Dickinson & Co)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall shall, subject to Article Ten, be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons or Coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (J P Morgan Chase & Co), Indenture (J P Morgan Chase & Co), Indenture (J P Morgan Chase & Co)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interestinterest or Additional Amounts, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Senior Indenture (Axis Capital Holdings LTD), Senior Indenture (Argo Group Us, Inc.), Senior Indenture (Rediff Com India LTD)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall shall, subject to the subordination provisions hereof, be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Senior Subordinated Indenture (Choice One Communications Inc), Junior Subordinated Indenture (Choice One Communications Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied applied, subject to Articles 3, 12, 13 and 14 hereof, in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Perpetual Subordinated Indenture (Nomura Holdings Inc), Perpetual Subordinated Indenture (Mizuho Financial Group Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any 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 moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Senior Debt Indenture (Kaufman & Broad Home Corp), Senior Debt Indenture (Kaufman & Broad Home Corp)

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Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, and upon surrender thereof if fully paid, or issuing Securities of such the same series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:;

Appears in 2 contracts

Samples: Indenture (Puget Sound Energy Inc), Indenture (Laclede Capital Trust I)

Application of Proceeds. Any moneys collected by the ----------------------- Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Senior Indenture (Hei Preferred Funding L P), Indenture (Weyerhaeuser Co)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such the same series and tenor in reduced principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (United States Cellular Corp), Indenture (Premark International Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons any Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (General Mills Inc), Indenture (General Mills Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal Principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:: FIRST: To the payment of all amounts due the Trustee under Section 8.7 applicable to the Securities of such series in respect of which moneys have been collected;

Appears in 2 contracts

Samples: Subordinated Indenture (Meridian Bioscience Inc), Subordinated Indenture (Infinity Capital Trust I)

Application of Proceeds. Any moneys amounts collected by the Trustee for the Securities of such Series pursuant to this Article 5 in respect of the Securities of any series Series shall be applied in the following order at the date or dates fixed by the such Trustee and, in case of the distribution of such moneys amounts on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys amounts have been collected and stamping or otherwise noting thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Indenture (Fluor Corp), Indenture (Fluor Corp)

Application of Proceeds. Any Subject to the subordination provisions in this Indenture, any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Subordinated Indenture (Amarin Finance Ltd.), Subordinated Indenture (Amarin Finance Ltd.)

Application of Proceeds. Any moneys collected by the Trustee for the Securities of such Series pursuant to this Article in respect of the Securities of any series Series shall be applied in the following order at the date or dates fixed by the such Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Office Depot Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall of Securities shall, subject to the subordination provisions hereof, be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Subordinated Debt Indenture (Transcanada Pipelines LTD)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal Principal, premium, if any, or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys have been collected and noting thereon the payment, or issuing Securities of such series and tenor in reduced principal Principal amounts in exchange for the presented Securities of such series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Sothebys)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons Coupons appertaining to such Securities in respect of which moneys monies have been collected and stamping (or otherwise noting thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Tenneco Packaging Inc)

Application of Proceeds. Any moneys collected by the Trustee ----------------------- pursuant to this Article in respect of the Securities of any series Series shall be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons any Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Dow Chemical Co /De/)

Application of Proceeds. Any moneys collected by the Trustee for the Securities of such Series pursuant to this Article in respect of the Securities of any series shall be applied in the following order at the date or dates fixed by the such Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons any Coupons appertaining to such Securities thereto in respect of which moneys have been collected and noting stamping (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor Series in reduced principal amounts in exchange for the presented Securities of such series and tenor like Series if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Indenture (Lithia Motors Inc)

Application of Proceeds. Any moneys collected by the Trustee pursuant to this Article in respect of the Securities of any series shall shall, subject to the subordination provisions hereof, be applied in the following order at the date or dates fixed by the Trustee and, in case of the distribution of such moneys on account of Principal principal or interest, upon presentation of the several Securities and coupons appertaining to such Securities in respect of which moneys monies have been collected and noting stamping thereon (or otherwise noting) thereon the payment, or issuing Securities of such series and tenor in reduced principal amounts in exchange for the presented Securities of such like series and tenor if only partially paid, or upon surrender thereof if fully paid:

Appears in 1 contract

Samples: Subordinated Indenture (Bbva Compass Bancshares, Inc)

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