Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 94 contracts
Samples: Indenture (Shellpoint Mortgage Acceptance LLC), Indenture (Opteum Mortgage Acceptance CORP), Indenture (Credit Suisse First Boston Mortgage Securities Corp)
Application of Trust Money. All monies money deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, payment to the Holders of Securitiesthe particular Notes for the payment or redemption of which the money has been deposited with the Indenture Trustee, of all sums due and to become due thereon on them for principal and interest; but such monies . That money need not be segregated from other funds except to the extent required herein in this Indenture or required by law.
Appears in 69 contracts
Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders Securityholders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 51 contracts
Samples: Indenture (Phoenix Residential Securities, LLC), Indenture (Phoenix Residential Securities, LLC), Indenture (Wachovia Asset Securitization Inc 2002 He2 Trust)
Application of Trust Money. All monies money deposited with the Indenture Trustee pursuant to Section 4.10 Sections 3.03 and 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of SecuritiesPersons entitled thereto, of all sums due and to become due thereon for the principal and interest; but interest for whose payment such monies need not be segregated from other funds except to money has been deposited with the extent required herein or required by lawIndenture Trustee.
Appears in 40 contracts
Samples: Indenture (Accredited Mortgage Loan REIT Trust), Indenture (Accredited Mortgage Loan Trust 2005-2), Indenture (Accredited Mortgage Loan Trust 2003-2)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, it in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Notes for the payment or redemption of which such moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 26 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2024-A), Indenture Agreement (BMW Vehicle Owner Trust 2024-A), Indenture (BMW Vehicle Owner Trust 2023-A)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or required by law.
Appears in 9 contracts
Samples: Indenture (J P Morgan Acceptance Corp I), Indenture (J P Morgan Acceptance Corp I), Indenture (Equity One Abs Inc)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 8 contracts
Samples: Indenture (Advanta Mortgage Conduit Services Inc), Indenture (Advanta Revolving Home Equity Loan Trust 1998-A), Indenture (Advanta Mortgage Conduit Services Inc)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.11 shall be held in trust and applied by it, the Indenture Trustee in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any the Paying Agent or the Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, Securityholders of all sums due and to become due thereon for principal and interest; but provided, that such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 7 contracts
Samples: Indenture (Irwin Whole Loan Home Equity Trust 2005-A), Indenture (Irwin Home Equity Loan Trust 2005-1), Indenture (Bear Stearns Asset Backed Securities Inc)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, it in accordance with the provisions of the Notes Notes, this Indenture and this Indenturethe applicable Indenture Supplement, to make payments, through the Paying Agent, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as Noteholders and for the payment in respect of which such monies have been deposited with the Indenture Trustee may determine, to the Holders of SecuritiesTrustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 5 contracts
Samples: Omnibus Amendment (Domus Holdings Corp), Omnibus Amendment (Realogy Corp), Omnibus Amendment (NRT Settlement Services of Missouri LLC)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of SecuritiesSecurityholders, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 4 contracts
Samples: Indenture (Irwin Whole Loan Home Equity Trust 2005-B), Indenture (Home Equity Loan-Backed Notes Series 2003-D), Indenture (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.1 shall be held in trust and applied by it, in accordance with the provisions of the Notes Notes, this Indenture and this Indenture, to Article IV of the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due Sale and to become due thereon for principal and interest; but such Servicing Agreement. Such monies need not be segregated from other funds except to the extent required herein herein, in the Sale and Servicing Agreement or required by law.
Appears in 3 contracts
Samples: Indenture (Americas Carmart Inc), Indenture (Vw Credit Leasing LTD), Indenture (Volkswagen Public Auto Loan Securitization LLC)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to make payments to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as Noteholders for the payment in respect of which such monies have been deposited with the Indenture Trustee may determine, to the Holders of SecuritiesTrustee, of all sums due and to become due thereon for principal and interest; but provided, however, such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.
Appears in 3 contracts
Samples: Indenture (OneMain Financial Holdings, Inc.), Indenture (OneMain Financial Holdings, Inc.), Indenture (OneMain Financial Holdings, Inc.)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.of
Appears in 3 contracts
Samples: Indenture (Residential Funding Mortgage Securities Ii Inc), Indenture (Residential Funding Mortgage Securities Ii Inc), Indenture (Home Loan Trust 2004-Hi2)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agentthe Issuer, as applicable, as the Indenture Trustee may determine, to the Holders of SecuritiesNotes, of all sums due and to become due thereon for principal and interestinterest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 3 contracts
Samples: Indenture (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3), Indenture (Afc Mortgage Loan Asset Backed Notes Series 2000-1)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of SecuritiesNotes, of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or required by law.
Appears in 2 contracts
Samples: Indenture (Household Consumer Loan Trust 1997-1), Indenture (Household Consumer Loan Trust 1997-2)
Application of Trust Money. All monies moneys deposited with -------------------------- the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or required by law.
Appears in 2 contracts
Samples: Indenture (Indymac Abs Inc), Indenture (Provident Bank)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Notes for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except interest and to the extent required herein or required by lawInsurer for the payment of any amounts due to it under the Basic Documents.
Appears in 2 contracts
Samples: Indenture (Sequoia HELOC Trust 2004-1), Indenture (Greenpoint Mortgage Securities Inc/)
Application of Trust Money. All monies deposited with the Indenture Trustee Paying Agent pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to make payments to the payment, either directly or through any Paying Agent or Certificate Noteholders for the payment in respect of which such monies have been deposited with the Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 2 contracts
Samples: Indenture (New Residential Investment Corp.), Indenture (Springleaf Finance Corp)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to make payments to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as Noteholders for the payment in respect of which such monies have been deposited with the Indenture Trustee may determine, to the Holders of SecuritiesTrustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by law.
Appears in 2 contracts
Samples: Indenture (Springleaf Finance Corp), Indenture (Springleaf Holdings, Inc.)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes Bonds and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 2 contracts
Samples: Indenture (Imh Assets Corp), Indenture (Imh Assets Corp)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, the Indenture Trustee in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any the Paying Agent or the Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, Securityholders of all sums due and to become due thereon for principal and interest; but provided, that such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 2 contracts
Samples: Indenture (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2), Indenture (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 1999-2)
Application of Trust Money. All monies deposited with the -------------------------- Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the [Holders of Securities], of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Samples: Indenture (Greenpoint Credit LLC)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.accordance
Appears in 1 contract
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the paymentpay- ment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Inden- ture Trustee may determine, to the Holders of SecuritiesNotes, of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 5.1 shall be held in trust for the Noteholders and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, payment of all sums due and to become due thereon for principal and premium, if any, and interest; , but such monies need not be segregated from other funds except to the extent required herein or required by applicable law.
Appears in 1 contract
Samples: Indenture (Crystal Oil Co)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof here- of shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of SecuritiesNotes, of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Notes for the payment or redemption of which such moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.provided such
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes Notes, this Indenture and this Indenturethe Sale and Servicing Agreement, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of Securities, the particular Notes for the payment or redemption of all sums due and to become due thereon for principal and interest; but which such monies need not be segregated from other funds except to have been deposited in the extent required herein or required Payment Account by lawthe Indenture Trustee.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agentpaying agent as designee of the Issuer, as the Indenture Trustee may determine, to the Holders of SecuritiesNotes, of all sums due and to become due thereon for principal and interestinterest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with -------------------------- the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Samples: Indenture (Credit Suisse First Boston Mortgage Securities Corp)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, it in accordance with the ------------- provisions of the Notes Notes, this Indenture and this Indenturethe applicable Indenture Supplement, to make payments, through the Paying Agent, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as Noteholders and for the payment in respect of which such monies have been deposited with the Indenture Trustee may determine, to the Holders of SecuritiesTrustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Samples: Master Indenture (Levi Strauss & Co)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and applied by it, it in accordance with the provisions of the Notes and this Indenture, Indenture to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Notes for the payment or redemption of which such moneys have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 9.01 shall be held in trust and applied by itthe Indenture Trustee, in accordance with the provisions of the Notes Bonds and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, payment to the Holders of Securities, the Bonds of all sums due and to become due thereon for principal and interest; , but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Samples: Indenture (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 Sections 3.3 and 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, the Notes for the payment of all sums due and to become due thereon for principal and interest; but such monies moneys need not be segregated from other funds except to the extent required herein or in the Servicing Agreement or otherwise required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof Sections 4.1 and 4.2 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or required by law.or
Appears in 1 contract
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 4.01 hereof shall be held in trust and (a) applied by it, it in accordance with the provisions of the Notes Notes, the Sale and Servicing Agreement and this Indenture, Indenture to the payment, either directly or through any Paying Agent or Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders of Securities, the particular Notes for the payment of all sums due and to become due thereon for principal and interest; but which such monies need not be segregated from other funds except to the extent required herein or required by law.moneys
Appears in 1 contract
Samples: Indenture (Toyota Motor Credit Corp)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Agent, Certificate Paying Agent, Agent as designee of the Indenture Trustee may determineIssuer, to the Holders of SecuritiesNotes or Certificates, of all sums due and to become due thereon for principal and interestinterest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with the -------------------------- Indenture Trustee pursuant to Section 4.10 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of Securities, the particular Notes for the payment or redemption of all sums due and to become due thereon for principal and interest; but which such monies need not be segregated from other funds except to have been deposited with the extent required herein or required by lawIndenture Trustee.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes Bonds and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Bond Paying Agent, as the Indenture Trustee may determine, to the Holders of Securitiesthe particular Bonds for the payment or redemption of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except interest and to the extent required herein or required by lawInsurer for the payment of any amounts due to it under the Basic Documents.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of Securities, the particular Notes for the payment or redemption of all sums due and to become due thereon for principal and interest; but which such monies need not be segregated from other funds except to have been deposited in the extent required herein or required Note Account by lawthe Indenture Trustee.
Appears in 1 contract
Application of Trust Money. All monies moneys deposited with the Indenture Trustee pursuant to Section 4.10 hereof 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly payment to the Noteholders of the particular Notes for the payment or through any Paying Agent or Certificate Paying Agent, as redemption of which such moneys have been deposited with the Indenture Trustee may determine, to the Holders of SecuritiesTrustee, of all sums due and to become due thereon for principal and interest; but provided, that such monies moneys need not be segregated from other funds except to the extent required herein or in the 2011-A Servicing Agreement or required by law.
Appears in 1 contract
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 hereof this Indenture shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or the Certificate Paying AgentAgent as designee of the Issuer, as the Indenture Trustee may determine, to the Holders of Securities, of all sums due and to become due thereon for principal and interestinterest or otherwise; but such monies need not be segregated from other funds except to the extent required herein or required by law.
Appears in 1 contract
Samples: Indenture (GSR Trust 2005-Hel1)
Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to Section 4.10 4.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent or Certificate Note Paying Agent, as the Indenture Trustee may determine, to the Holders Noteholders of Securities, the particular Notes for the payment or redemption of all sums due and to become due thereon for principal and interest; but which such monies need not be segregated from other funds except to have been deposited with the extent required herein or required by lawIndenture Trustee.
Appears in 1 contract
Samples: Indenture (Advanta Revolving Home Equity Loan Trust 2000 A)