Deposited Moneys to be Held in Trust by Trustee. Subject to ----------------------------------------------- the provisions of Section 12.4, all moneys deposited with the Trustee pursuant to Section 12.1 shall be held in trust in a non-interest bearing account and applied by it to the payment, either directly or through any paying agent (including the Company if acting as its own paying agent), to the holders of the particular Debentures for the payment of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal, and premium, if any, and interest.
Appears in 8 contracts
Samples: Indenture (Florida Banks Inc), Indenture (Gateway Bancshares Inc /Ga/), Indenture (Intervest Bancshares Corp)
Deposited Moneys to be Held in Trust by Trustee. Subject ----------------------------------------------- to ----------------------------------------------- the provisions of Section 12.4, all moneys deposited with the Trustee pursuant to Section 12.1 shall be held in trust in a non-interest bearing account and applied by it to the payment, either directly or through any paying agent (including the Company if acting as its own paying agent), to the holders of the particular Debentures for the payment of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal, and premium, if any, and interest.
Appears in 7 contracts
Samples: Indenture (First Banks, Inc), Indenture (Intervest Bancshares Corp), Indenture (First Banks, Inc)
Deposited Moneys to be Held in Trust by Trustee. Subject to ----------------------------------------------- the provisions of Section 12.4, all moneys deposited with the Trustee pursuant to Section 12.1 shall be held in trust in a non-interest bearing account and applied by it to the payment, either directly or through any paying agent (including the Company if acting as its own paying agent), to the holders of the particular Debentures Debt Securities for the payment of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal, and premium, if any, and interest.
Appears in 3 contracts
Samples: Indenture (Tib Financial Corp.), Indenture (First Community Bancorp /Ca/), Indenture (Home Bancshares Inc)
Deposited Moneys to be Held in Trust by Trustee. Subject to ----------------------------------------------- the provisions of Section 12.4, all moneys deposited with the Trustee pursuant to Section 12.1 shall be held in trust in a non-interest bearing account and applied by it to the payment, either directly or through any paying agent (including the Company if acting as its own paying agent), to the holders of the particular Debentures for Community Bancorp/Indenture/Floating Rate the payment of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal, and premium, if any, and interest.
Appears in 1 contract
Samples: Indenture (Community Bancorp)
