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.
Appears in 3 contracts
Samples: First Supplemental Indenture (Nogin, Inc.), Indenture (Software Acquisition Group Inc. III), Indenture (Starry Holdings, Inc.)
Authorization of Receipt of Funds by the Trustee. UNDER THE SECURITY DOCUMENTS. 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.
Appears in 1 contract
Samples: Indenture (Vertical Aerospace Ltd.)
