Common use of Authorization of Receipt of Funds 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 Supplemental Indenture, the Indenture and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Supplemental Indenture (Owens Illinois Inc /De/), Supplemental Indenture (Owens Illinois Inc /De/)

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Authorization of Receipt of Funds. BY THE TRUSTEE UNDER THE PLEDGE AGREEMENTNOTE SECURITY DOCUMENTS. The Trustee is authorized to receive any funds for the benefit of the Holders of Notes distributed under the Pledge AgreementNote Security Documents, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Supplemental Indenture, the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Nebco Evans Holding Co)

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Authorization of Receipt of Funds. BY THE TRUSTEE UNDER THE PLEDGE AGREEMENTSECURITY DOCUMENTS. The Trustee is authorized to receive any funds and assets for the benefit of the Holders of Notes distributed disbursed under the Pledge Agreement, Security Documents and to make further distributions of such funds and assets to the Holders of Notes according to the provisions of this Supplemental Indenture, the Indenture and the Intercreditor Agreement.

Appears in 1 contract

Samples: Indenture (Preem Holdings Ab Publ)

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