Common use of Deposited Moneys To Be Held Clause in Contracts

Deposited Moneys To Be Held. in Trust by Trustee All moneys deposited with the Trustee pursuant to this Article Four shall be held in trust 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 Securities of such series 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 interest.

Appears in 2 contracts

Samples: Indenture (Energy Partners LTD), Indenture (Energy Partners LTD)

AutoNDA by SimpleDocs

Deposited Moneys To Be Held. in Trust by Trustee All moneys deposited with the Trustee pursuant to this Article Four Section 4.01 shall be held in trust 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 Securities of such series 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 interest.

Appears in 2 contracts

Samples: Indenture (Burlington Resources Finance Co), Indenture (Burlington Resources Finance Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!