Application of Trust Fund. Subject to provisions of the last paragraph of Section 1006, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt under Article Seventeen. ARTICLE FIVE
Appears in 2 contracts
Samples: Indenture (Nabors Industries LTD), Nabors Industries LTD
Application of Trust Fund. Subject to the provisions of the last paragraph of Section 1006Section 1003, all amounts deposited with the Trustee pursuant to Section Section 401 shall be held in trust and applied by itthe Trustee, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section Section 402 not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt of the Company under Article SeventeenArticle Fourteen. ARTICLE FIVEFIVE Remedies
Appears in 2 contracts
Samples: Aetna Inc /Pa/, Aetna Inc /Pa/
Application of Trust Fund. 38 Subject to provisions of the last paragraph of Section 1006, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt under Article Seventeen. ARTICLE FIVE
Appears in 1 contract
Samples: Indenture (Nabors Industries LTD)
Application of Trust Fund. Subject to provisions of the last paragraph of Section 10061003, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section section not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt under Article Seventeen. ARTICLE FIVEFifteen.
Appears in 1 contract
Samples: Nabors Industries Inc
Application of Trust Fund. Subject to provisions of the last paragraph of Section 10061003, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company or the Guarantor acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt of the Company under Article Seventeen. ARTICLE FIVEFourteen or of the holders of Senior Debt of the Guarantor under Article Sixteen.
Appears in 1 contract
Samples: Aetna Capital Trust Iv
Application of Trust Fund. Subject to the provisions of the last paragraph of Section 10061003, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by itthe Trustee, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section 402 not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt of the Company under Article Seventeen. ARTICLE FIVEFourteen.
Appears in 1 contract
Samples: Aetna Inc /Pa/
Application of Trust Fund. Subject to provisions of the last paragraph of Section 1006, all amounts deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such funds have been deposited with the Trustee. Money deposited pursuant to this Section not in violation of this Indenture shall not be subject to claims of the holders of Senior Debt under Article Seventeen. ARTICLE FIVE38
Appears in 1 contract
Samples: Nabors Industries LTD