Deposited Funds to be Held in Trust Sample Clauses

Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee.
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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company or Guarantor, as applicable, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.
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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee. Funds held pursuant to this Section with respect to any series of Securities shall not be subject to the claims of the holders of Senior Indebtedness with respect to such series, provided, that at the time of the deposit of such funds with the Trustee under this Article, no event had occurred that would, under the subordination provisions related to such series, require that any payment to be made to the holders of such Securities be paid or paid over to the holders of such Senior Indebtedness. The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Sections 11.02 or 11.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the holders of Outstanding Securities.
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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee. The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Sections 11.02 or 11.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the holders of Outstanding Securities.
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Deposited Funds to be Held in Trust. Other Miscellaneous Provisions 88 Section 11.03. Repayment to Company 89 Section 11.04. Reinstatement 89 ARTICLE XII MISCELLANEOUS 89 Section 12.01. Trust Indenture Act Controls 89 Section 12.02. Notices 89 Section 12.03. Communication by Holders of Notes with Other Holders of Notes 91 TABLE OF CONTENTS (continued) Page Section 12.04. Certificate and Opinion as to Conditions Precedent 91 Section 12.05. Statements Required in Certificate or Opinion 91 Section 12.06. Rules by Trustee and Agents 91 Section 12.07. No Personal Liability of Directors, Officers, Employees and Stockholders 92 Section 12.08. Judgment Currency 92 Section 12.09. Payment of Additional Amounts 92 Section 12.10. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial 94 Section 12.11. No Adverse Interpretation of Other Agreements 95 Section 12.12. Successors 95 Section 12.13. Severability 95 Section 12.14. Counterpart Originals 95 Section 12.15. Table of Contents, Headings, Etc 95 Section 12.16. Qualification of Indenture 95 ARTICLE XIII COLLATERAL 95 Section 13.01. Grant of Security Interest 95 Section 13.02. Recording and Opinions 96 Section 13.03. Release of Collateral 97 Section 13.04. Specified Releases of Collateral 98 Section 13.05. Release upon Satisfaction or Defeasance of All Outstanding Obligations 98 Section 13.06. Form and Sufficiency of Release 98 Section 13.07. Purchaser Protected 99 Section 13.08. Authorization of Actions To Be Taken by the Trustee and each Sub-Collateral Agent Under the Collateral Agreements 99
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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 12.02 or 12.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company or Guarantor, as applicable, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 12.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities. Funds and Governmental Obligations held in trust shall not be subject to any provisions established pursuant to Article XVI.
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Related to Deposited Funds to be Held in Trust

  • Deposited Moneys to be Held in Trust All moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee.

  • Monies to Be Held in Trust All monies received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as may be agreed from time to time by the Company and the Trustee.

  • Moneys Held in Trust Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

  • Money for Payments To Be Held in Trust All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account, the Note Distribution Account and the Reserve Account shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account, the Note Distribution Account or the Reserve Account for payments of Notes shall be paid to the Issuer except as provided in this Section. On or before each Payment Date and Redemption Date, the Issuer shall deposit or cause to be deposited in the Note Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee of its action or failure so to act. The Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section, that such Paying Agent will:

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