Common use of DEPOSITED MONEY TO BE HELD IN TRUST Clause in Contracts

DEPOSITED MONEY TO BE HELD IN TRUST. All money or Governmental Obligations deposited with the Trustee pursuant to Sections 13.1 or 13.2 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 Debentures for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee.

Appears in 7 contracts

Samples: Indenture (Alabama National Bancorporation), Indenture (San Rafael Bancorp), Indenture (United Bancorporation of Alabama Inc)

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DEPOSITED MONEY TO BE HELD IN TRUST. All money or Governmental Obligations deposited with the Trustee pursuant to Sections 13.1 or 13.2 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 Debentures for the payment or redemption of which such moneys money or Governmental Obligations have been deposited with the Trustee.

Appears in 7 contracts

Samples: First Busey Statutory Trust V, Team Financial Capital Trust I, Baylake Capital Trust I

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DEPOSITED MONEY TO BE HELD IN TRUST. All money or Governmental Obligations deposited with the Trustee pursuant to Sections Section 13.1 or 13.2 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 Holders of the Debentures Securities for the payment or redemption of which such moneys money or Governmental Obligations have been deposited with the Trustee.

Appears in 1 contract

Samples: Ncbe Capital Trust I

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