Common use of Deposited Monies to Be Held in Trust by Trustee Clause in Contracts

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof, all monies and shares of Common Stock, as the case may be, deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and such monies and shares of Common Stock shall be applied by the Trustee 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 Notes for the payment or settlement of which such monies or shares of Common Stock, or both, as the case may be, have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any.

Appears in 2 contracts

Samples: Indenture (Lumentum Holdings Inc.), Indenture (Amicus Therapeutics Inc)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 9.04 hereof, all monies and shares of Common Stock, as the case may be, deposited with the Trustee pursuant to Section 7.01 9.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and such monies and shares of Common Stock shall be applied by the Trustee to the paymentpayment and/or delivery, either directly or through any Paying Agent (including the Company Issuer if acting as its own Paying Agent), to the Holders of the particular Notes for the payment or settlement of which such monies or shares of Common Stock, or both, as the case may be, have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and principal, interest, if any, and/or the amounts due upon conversion, if any.

Appears in 2 contracts

Samples: Supplemental Indenture (Alpha Natural Resources, Inc.), Supplemental Indenture (Alpha Natural Resources, Inc.)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof, all monies and shares of any Common StockShares, as the case may be, deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and such monies and shares of any such Common Stock Shares shall be applied by the Trustee 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 Notes for the payment or settlement of which such monies or shares of such monies and Common Stock, or bothShares, as the case may be, have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any.

Appears in 1 contract

Samples: Indenture (Herbalife Nutrition Ltd.)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 4.04(d) hereof, all monies and shares of the Common Stock, as the case may beif any, deposited with the Trustee pursuant to Section 7.01 3.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and such monies and shares of the Common Stock shall be applied by the Trustee 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 Notes for the payment or settlement of which such monies or shares of the Common Stock, or both, as the case may be, Stock have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any.

Appears in 1 contract

Samples: Indenture (Braemar Hotels & Resorts Inc.)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 3.04 hereof, all monies and shares of Common Stock, as the case may beif any, deposited with the Trustee pursuant to to Section 7.01 3.01 hereof shall be held in trust for the sole benefit of the Holders of the NotesSecurities, and such monies and shares of Common Stock shall be applied by the Trustee 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 Notes Securities for the payment or settlement of which such monies or shares of Common Stock, or both, as the case may be, Stock have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any.

Appears in 1 contract

Samples: Indenture (Arbor Realty Trust Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof, all monies and shares of Common Stock, as the case may be, deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Notes, and such monies and shares of Common Stock shall be applied by the Trustee 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 Notes for the payment payment, settlement or settlement redemption of which such monies or shares of Common Stock, or both, as the case may be, have been deposited with the Trustee, of all sums or amounts due and to become due thereon for principal and interest, if any.

Appears in 1 contract

Samples: Indenture (Seacor Holdings Inc /New/)

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