Common use of DELIVERY OF NOTES AND RECEIPT OF LOANS Clause in Contracts

DELIVERY OF NOTES AND RECEIPT OF LOANS. (a) After the execution and delivery of this Indenture, the Issuer shall execute and deliver to the Trustee, and the Trustee shall authenticate, the Notes and deliver the Notes to DTC for the benefit of the Beneficial Owners, for the purchase price specified by the Issuer, as hereinafter in this Section provided. Simultaneously with or prior to the delivery by the Trustee of all of the Notes and the disbursement of a portion of the net proceeds of the issuance of the Notes, there shall be received by the Trustee:

Appears in 2 contracts

Samples: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Commercial Trust /Tx)

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DELIVERY OF NOTES AND RECEIPT OF LOANS. (a) After the execution and delivery of this Indenture, the Issuer shall execute and deliver to the Trustee, and the Trustee shall authenticate, the Notes and deliver the Notes to DTC for the benefit of the Beneficial OwnersInitial Purchasers, for the purchase price specified by the Issuer, as hereinafter in this Section provided. Simultaneously with or prior to the delivery by the Trustee of all of the Notes and the disbursement of a portion of the net proceeds of the issuance of the Notes, there shall be received by the Trustee:

Appears in 1 contract

Samples: Trust Indenture (PMC Capital Inc)

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DELIVERY OF NOTES AND RECEIPT OF LOANS. (a) After the execution and delivery of this Indenture, the Issuer shall execute and deliver to the Trustee, and the Trustee shall authenticate, the Notes and deliver the Notes to DTC for the benefit of the Beneficial OwnersInitial Purchaser, for the purchase price specified by the Issuer, as hereinafter in this Section provided. Simultaneously with or prior to the delivery by the Trustee of all of the Notes and the disbursement of a portion of the net proceeds of the issuance of the Notes, there shall be received by the Trustee:

Appears in 1 contract

Samples: Trust Indenture (PMC Capital Inc)

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