Delivery to Trustee Sample Clauses

Delivery to Trustee. Anything in this Section 3.2 to the contrary notwithstanding, the Company may at any time, for the purposes of obtaining the satisfaction and discharge of this Indenture or for any other reason, pay, or by Company Order direct any paying agent to pay, to the Trustee all sums held in trust by the Company or any paying agent as required by this Section 3.2, such sums to be held by the Trustee upon the trusts contained in this Indenture. Upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such money.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Delivery to Trustee. The Company shall deliver Pre-Tax Contributions and After-Tax Contributions to the Trustee as soon as practicable following the payday on which the Pre-Tax Contributions and After-Tax Contributions are withheld, but no later than the 15th day of the month following the end of the month in which Pre-Tax Contributions and After-Tax Contributions were withheld.
Sample 1
Delivery to Trustee. NHSA JPS shall deposit the proceeds of the Loan in an account (the “Loan Loss Reserve Account”) with the Trustee in accordance with Section 2.5 of the Loan Agreement; provided, however, that the Loan proceeds disbursed to NHSA JPS as the Working Capital Advance shall not be required to be deposited with the Trustee unless NHSA JPS re-borrows such funds pursuant to the Loan Agreement, in which event such funds shall also be deposited with the Trustee in accordance with Section 2.5 of the Loan Agreement. From time to time, NHSA JPS may invest such amounts in Qualified Investments (as defined on Exhibit A attached hereto). The Loan proceeds shall be held in trust by the Trustee for the benefit of Lender upon the terms and conditions herein set forth. The Trustee shall hold all Loan proceeds and Qualified Investments in its name, as Trustee, and shall collect the income and proceeds thereof and invest and reinvest the same. Unless an Event of Default under the Loan Agreement, the Note or this Trust Agreement shall occur and be continuing beyond any applicable notice and cure period, NHSA JPS shall be entitled to direct the Trustee from time to time to invest or reinvest such amounts, or the income therefrom, in such government securities and certificates of deposit that are Qualified Investments as NHSA JPS shall direct. The Trustee shall not be liable or responsible for any loss resulting from any investment, reinvestment or sale pursuant to this Section 1.1. All investment directions to Trustee from NHSA JPS shall be in writing, and in advance of the time when investment or reinvestment will be necessary. To the extent such directions are not supplied, or to the extent there are uninvested monies, Trustee shall invest the monies in the funds and accounts established hereunder in the Blackrock T-fund money market investment account. The Trustee shall maintain individual files on each Qualified Investment, and NHSA JPS and Lender shall each have access to such files at reasonable times and as often as may be reasonably requested.
Sample 1
Delivery to Trustee. Subject to the provisions of section 4.1 hereof, the Company and the Agent agree that the Escrowed Funds shall be held by the Trustee in escrow in accordance with the terms of this Agreement until the earlier to occur (the "Escrow Expiry") of:\
Sample 1

Related to Delivery to Trustee

  • Notice to Trustee (a) The Company shall give prompt written notice to a Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article XII or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts that would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until a Responsible Officer of the Trustee shall have received written notice thereof from the Company or a holder of Senior Debt or from any trustee, agent or representative therefor; provided, that if the Trustee shall not have received the notice provided for in this Section 12.8 at least two Business Days prior to the date upon which by the terms hereof any monies may become payable for any purpose (including, the payment of the principal of and any premium on or interest (including any Additional Interest) on any Security), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such monies and to apply the same to the purpose for which they were received and shall not be affected by any notice to the contrary that may be received by it within two Business Days prior to such date.

  • Election to Redeem; Notice to Trustee The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 45 days prior to the giving of the notice of redemption in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction.

  • Notices to Trustee If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it must furnish to the Trustee, at least 30 days but not more than 60 days before a redemption date, an Officers’ Certificate setting forth:

  • Opinion of Counsel to Trustee The Trustee, subject to the provisions of Sections 5.01 and 5.02, shall receive an Opinion of Counsel, prepared in accordance with Section 10.05, as conclusive evidence that any such consolidation, merger, sale, lease or conveyance, and any such assumption, and any such liquidation or dissolution, complies with the applicable provisions of this Indenture.

  • to Trustee The Trustee, subject to the provisions of Section 7.01, may receive an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions of this Article.

Time is Money Join Law Insider Premium to draft better contracts faster.