Common use of Benefit of Indenture Clause in Contracts

Benefit of Indenture. This Indenture is for the sole benefit of the Shipowner, the Indenture Trustee, the Holders and (until the obligations to the Secretary shall have terminated as provided in Article XI) the Secretary.

Appears in 6 contracts

Samples: Trust Indenture (Cal Dive International Inc), Trust Indenture (American Classic Voyages Co), Trust Indenture (American Classic Voyages Co)

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Benefit of Indenture. This Indenture is for the sole benefit of the Shipowner, the Indenture Trustee, the Holders from time to time of the Outstanding Obligations and (until the obligations to the Secretary shall have terminated as provided in Article XI) the Secretary.

Appears in 4 contracts

Samples: Assumption Agreement and Supplement to Trust Indenture (Ambassadors International Inc), Trust Indenture (Pride International Inc), Trust Indenture (Trailer Bridge Inc)

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