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

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.

Appears in 3 contracts

Samples: Indenture (Cloud Peak Energy Inc.), Indenture (Youngs Creek Mining Co LLC), Indenture (Youngs Creek Mining Co LLC)

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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 Documents, the First Lien/Second Lien Intercreditor Agreement or the Pari Passu Second Lien Intercreditor Agreement, 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, the First Lien/Second Lien Intercreditor Agreement and the Pari Passu Second Lien Intercreditor Agreement.

Appears in 2 contracts

Samples: Indenture (Cloud Peak Energy Inc.), Indenture (Sequatchie Valley Coal Corp)

Authorization of Receipt of Funds by the Trustee. Under the Security Agreement. The Collateral Agent shall deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Trustee and the Holders of the Notes distributed under the Security Documents Agreement, 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 this Indenture and the IndentureSecurity Agreement.

Appears in 1 contract

Samples: Convertible Notes Indenture (Air Packaging Technologies Inc)

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 Documents, the First Lien/Second Lien Intercreditor Agreement or the Pari Passu Second Lien Intercreditor Agreement, 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, the First Lien/Second Lien Intercreditor Agreement and the Pari Passu Second Lien Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Antelope Coal LLC)

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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 the Trustee and the Holders of the Notes distributed under the Security Documents and the Intercreditor Agreement, 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 this Indenture, the IndentureSecurity Documents, and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (International Wire Rome Operations, Inc.)

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 or the Intercreditor Agreement, 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 this Indenture and the IndentureIntercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Stone Energy Corp)

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