Common use of Deposited Moneys to be Held in Trust by Trustee Clause in Contracts

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 70 contracts

Samples: Indenture (Tib Financial Corp.), Indenture (ACA Capital Holdings Inc), Indenture (Southern Heritage Bancorp Inc)

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Deposited Moneys to be Held in Trust by Trustee. Subject to the provisions of Section 12.4, all All moneys deposited with the Trustee or any paying agent pursuant to Section 12.1 13.01 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 Corporation if acting as its own paying agent), to the holders of the particular Debentures Securities for the payment of which such moneys have been deposited with the Trustee, or any paying agent, of all sums due and to become due thereon for principal, principal (and premium, if any, ) and interest.

Appears in 6 contracts

Samples: Indenture (Baltimore Gas & Electric Co), Indenture (Atlantic City Electric Co), Indenture (Baltimore Gas & Electric Co)

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 (Home Bancshares Inc), Indenture (First Community Bancorp /Ca/)

Deposited Moneys to be Held in Trust by Trustee. Subject to the provisions of Section 12.49.4, all moneys monies deposited with the Trustee pursuant to Section 12.1 9.1 shall be held uninvested and in trust in a non-interest bearing account for the sole benefit of the Holders, and such monies shall be applied by it the Trustee to the payment, either directly or through any paying agent Paying Agent (including the Company if acting as its own paying agentPaying Agent), to the holders Holders of the particular Debentures Notes for the payment or redemption of which such moneys monies have been deposited with the Trustee, of all sums due and to become due thereon for principal, and premium, if any, principal and interest.

Appears in 1 contract

Samples: Indenture (Keystone Consolidated Industries Inc)

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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)

Deposited Moneys to be Held in Trust by Trustee. Subject to the provisions of Section 12.4, all All moneys deposited with the Trustee pursuant to Section 12.1 13.01 and the proceeds of any obligations or Funding Agreements deposited with the Trustee pursuant to Section 13.01 or 13.05 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 Paying Agent (including the Company if acting as its own paying agentPaying Agent), to the holders of the particular Debentures Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal, principal and premiuminterest, if any, and interest.

Appears in 1 contract

Samples: Indenture (Hancock John Life Insurance Co)

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