Common use of Authorization of Receipt of Funds by the Trustee Under the Collateral Documents Clause in Contracts

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 6 contracts

Samples: Indenture (A. M. Castle & Co.), Indenture (Total Plastics, Inc.), Indenture (Castle a M & Co)

AutoNDA by SimpleDocs

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and or the Intercreditor Agreement and, to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee Agreement, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof 7.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment, and the Trustee will have no liability for interest or other compensation thereon.

Appears in 4 contracts

Samples: Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.), Indenture (CURO Group Holdings Corp.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee, in its capacity as Collateral Agent Agent, is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents Documents, and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 6.10 hereof this Indenture and the other provisions of this IndentureCollateral Documents.

Appears in 3 contracts

Samples: Indenture (Grupo TMM Sa), Indenture (Grupo TMM Sa), Indenture (TMM Holdings Sa De Cv)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to distribute the extent not prohibited under the Intercreditor Agreement for turnover same to the Trustee to who may make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 3 contracts

Samples: Indenture (fuboTV Inc. /FL), Indenture (PACIFIC GAS & ELECTRIC Co), Indenture (Frontier Communications Corp)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and or the Intercreditor Agreement and, to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee Agreement, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof 7.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment, and the Trustee shall have no liability for interest or other compensation thereon.

Appears in 3 contracts

Samples: Indenture (Affinity Guest Services, LLC), Indenture (TitleMax of Virginia, Inc.), Indenture (Thermon Holding Corp.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and or the Intercreditor Agreement and, to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee Agreement, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (Alon Refining Krotz Springs, Inc.), Indenture (Alon USA Energy, Inc.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents or the Intercreditor Agreement and to the extent not prohibited under the Intercreditor Agreement Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (GOOD TECHNOLOGY Corp), Indenture (Lmi Aerospace Inc)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee and/or the Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee Collateral Agent and the Holders distributed under the Collateral Documents Documents, and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 6.10 hereof this Indenture with respect to the Collateral and the other provisions of this Indenturesuch funds.

Appears in 2 contracts

Samples: First Lien Indenture (Luminar Technologies, Inc./De), Second Lien Indenture (Luminar Technologies, Inc./De)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents or the Intercreditor Agreement and to the extent not prohibited under the Intercreditor Agreement Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (CPM Holdings, Inc.), Indenture (CPM Holdings, Inc.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee and the Collateral Agent is are each hereby authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents Documents, to apply such funds as provided in this Indenture and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee Collateral Documents, and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof Article 11 and the other provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (Trump Indiana Inc), Indenture (Trump Indiana Inc)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Subject to the provisions of the First Priority/Second Priority Intercreditor and Subordination Agreement, the Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to distribute the extent not prohibited under the Intercreditor Agreement for turnover same to the Trustee to who may make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Frontier Communications Corp)

AutoNDA by SimpleDocs

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Each of the Collateral Agent and Trustee (and the Principal Paying Agent on behalf of the Trustee) is authorized to receive any funds for the benefit of itself, the Trustee and the Holders Secured Parties distributed under the Collateral Documents Documents, and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with Secured Parties according to the provisions of Section 6.10 hereof the Collateral Documents and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Grupo Aeromexico, S.A.B. De C.V.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders Notes Secured Parties distributed under the Collateral Documents and the Intercreditor Agreement and to the extent not prohibited under the Intercreditor Agreement Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Xerium Technologies Inc)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Each of the Collateral Agent and the Security Trustee is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (United Maritime Group, LLC)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Green Field Energy Services, Inc.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Molecular Insight Pharmaceuticals, Inc.)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement Collateral Trust Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof and the other provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (Banro Corp)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Collateral Documents and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 6.10 hereof 7.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment, and the Trustee will have no liability for interest or other compensation thereon.

Appears in 1 contract

Samples: Indenture (CURO Group Holdings Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!