Common use of Delivery to Trustee Clause in Contracts

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.

Appears in 6 contracts

Samples: Indenture (First Merchants Acceptance Corp), Indenture (Litchfield Financial Corp /Ma), Indenture (First Merchants Acceptance Corp)

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