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 13.4, all monies deposited with the Trustee pursuant to Section 13.1, provided such deposit was not in violation of Article Four, shall be held in trust for the sole benefit of the Noteholders and not to be subject to the subordination provisions of Article Four, and such monies 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 redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest and premium, if any.

Appears in 7 contracts

Samples: Indenture (Imclone Systems Inc/De), Indenture (International Rectifier Corp /De/), Indenture (Brocade Communications Systems Inc)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.413.04, all monies deposited with the Trustee pursuant to Section 13.113.01, provided such deposit was not in violation of Article Four4, shall be held in trust for the sole benefit of the Noteholders Debentureholders and not to be subject to the subordination provisions of Article Four4, and such monies 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 Debentures for the payment or redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest and premium, if any.

Appears in 5 contracts

Samples: Indenture (Mentor Graphics Corp), Indenture (Mentor Graphics Corp), Indenture (Mentor Graphics Corp)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.4, all monies deposited with the Trustee pursuant to Section 13.1, provided such deposit was 13.1 and not in violation of Article Four, IV shall be held in trust for the sole benefit of the Noteholders and not to be subject to the subordination provisions of Article FourIV, and such monies 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 redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest and premium, if any.

Appears in 4 contracts

Samples: Indenture (Iomega Corp), Indenture (Iomega Corp), Indenture (Telxon Corp)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.412.4, all monies deposited with the Trustee pursuant to Section 13.1, provided such deposit was 12.1 and not in violation of Article Four, IV shall be held in trust for the sole benefit of the Noteholders and not to be subject to the subordination provisions of Article FourIV, and such monies shall be applied by 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 Notes for the payment or redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest and premium, if any.

Appears in 2 contracts

Samples: Indenture (Dura Pharmaceuticals Inc/Ca), Indenture (Dura Pharmaceuticals Inc/Ca)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.4, all monies deposited with the Trustee pursuant to Section 13.1, provided such deposit was not in violation of Article FourIV, shall be held in trust for the sole benefit of the Noteholders and not to be subject to the subordination provisions of Article FourIV, and such monies 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 redemption of which such monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest and premium, if anyinterest.

Appears in 1 contract

Samples: Indenture (Amazon Com Inc)

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