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

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.

Appears in 2 contracts

Samples: Indenture (Unwired Telecom Corp), Indenture (Centennial Communications Corp)

AutoNDA by SimpleDocs

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 Securities distributed under the Pledge Agreement, and to make further distributions of such funds to the Holders of Notes Securities according to the provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (Excel Legacy Corp), Indenture (Excel Legacy Corp)

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, Agreement and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture.

Appears in 2 contracts

Samples: Indenture (Hallwood Group Inc), Indenture (Hallwood Group Inc)

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 in accordance with the provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (New Millennium Homes LLC)

AutoNDA by SimpleDocs

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 disbursed under the Pledge Agreement, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture.. ARTICLE ELEVEN

Appears in 1 contract

Samples: Indenture (Comple Tel Europe Nv)

Authorization of Receipt of Funds by the Trustee. Under the Pledge and Assignment Agreement. The Trustee is authorized to receive any funds for the benefit of the Holders of Notes distributed under the Pledge Pledge, Assignment and Security Agreement, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture.

Appears in 1 contract

Samples: Indenture (NextWave Wireless LLC)

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