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

Authorization of Receipt of Funds by. the Trustee Under the Escrow Agreement. The Trustee is authorized to receive any funds for the benefit of the Holders of Securities disbursed under the Escrow Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture.

Appears in 3 contracts

Samples: Indenture (Tci Satellite Entertainment Inc), Indenture (Optel Inc), Indenture (Global Telesystems Group Inc)

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

Appears in 2 contracts

Samples: Indenture (RCN Corp /De/), Indenture (Verio Inc)

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