Authorization of Receipt of Funds by the Trustee Sample Clauses

Authorization of Receipt of Funds by the Trustee. Under the Security Documents. The Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.
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Authorization of Receipt of Funds by the Trustee. Under the Collateral Documents. The Trustee is authorized and required to receive any funds for the benefit of the Holders of Notes distributed under the Collateral Documents, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture and the Collateral Documents.
Authorization of Receipt of Funds by the Trustee. The Collateral Agent is authorized to receive any funds for the benefit of the Trustee and the Holders of the Notes distributed under the Security Documents and to make further distributions of such funds to the Trustee for further distribution to the Holders of the Notes according to the provisions of the Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Pledge Agreement. The Trustee is authorized to receive any funds for the benefit of the Holders of Notes distributed under the Pledge Agreement, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Security Documents 103 Section 10.08. Release of Security 103
Authorization of Receipt of Funds by the Trustee. UNDER THE SECURITY DOCUMENTS. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Authorization of Receipt of Funds by the Trustee. Under the Collateral Documents 112115
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Authorization of Receipt of Funds by the Trustee. Under ------------------------------------------------------ the Escrow Agreement. -------------------- The Trustee is authorized to receive any funds for the benefit of the Holders of Securities disbursed under the Escrow Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Collateral Documents. Upon an Event of Default and so long as such Event of Default continues, the Trustee may, subject to the terms of the FF&E Collateral Intercreditor Agreement and the Pari Passu Collateral Intercreditor Agreement, exercise in respect of the Collateral, in addition to the other rights and remedies provided for herein, in the Collateral Documents or otherwise available to it, all of the rights and remedies of a secured party under the Uniform Commercial Code or other applicable law, and the Trustee may also upon obtaining possession of the Collateral as set forth herein, without notice to the Issuers or any Guarantor, except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any exchange, broker's board or at any of the Trustee's offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Trustee may deem commercially reasonable. The Issuers and each Guarantor, if any, acknowledge and agree that any such private sale may result in prices and other terms less favorable to the seller than if such a sale were a public sale. The Issuers and each Guarantor, if any, agree that, to the extent notice of sale shall be required by law, at least 10 days' notice to the Issuers or the Guarantor, as applicable, of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Trustee shall not be obligated to make any sale regardless of notice of sale having been given. The Trustee may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. Any cash that is Collateral held by the Trustee and all cash proceeds received by the Trustee in respect of any sale of, collection from, or other realization upon all or any part of the Collateral shall be applied (unless otherwise provided for in the Collateral Documents and after payment of any and all amounts payable to the Trustee pursuant to this Indenture), as the Trustee shall determine or as the Holders of the Notes shall direct pursuant to Section 6.05 hereof, (a) against the obligations for the ratable benefit of the Holders of the Notes, (b) to maintain, repair or otherwise protect the Collateral or (c) to take such other action to protect the other rights of the Holde...
Authorization of Receipt of Funds by the Trustee. Under the Pledge Agreement 106 Section 11.08. Termination of Security Interest 106 Section 11.09. Collateral Agent 107 Section 11.10. Successor Collateral Agent 107 ARTICLE 12. NOTE GUARANTEES 108 ARTICLE 13. SATISFACTION AND DISCHARGE 110 ARTICLE 14. MATURITY DATE, INTEREST, INTEREST RATE AND LATE CHARGES 111 ARTICLE 15. MISCELLANEOUS 113 ARTICLE 16. LETTER OF CREDIT 116 Section 16.01. Letter of Credit 116
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