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 Trustee shall deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN

Appears in 2 contracts

Samples: Indenture (Flag Telecom Holdings LTD), Indenture (Flag Telecom Holdings LTD)

AutoNDA by SimpleDocs

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Trustee shall cause the Collateral Agent to deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities Notes distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities Notes according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Indenture (Mortgage & Realty Trust)

AutoNDA by SimpleDocs

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Trustee shall cause the Collateral Agent to deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Indenture (Jamboree LLC)

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