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 Common Shares deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Securities, and such monies and Common 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 Securities for the payment or settlement of which such monies or Common Shares 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 4 contracts

Samples: Fourth Supplemental Indenture (PennyMac Mortgage Investment Trust), Third Supplemental Indenture (PennyMac Mortgage Investment Trust), Second Supplemental Indenture (PennyMac Mortgage Investment Trust)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof, all monies and Common Shares deposited with the Trustee pursuant to Section 7.01 hereof shall be held in trust for the sole benefit of the Holders of the Securities, and such monies and Common 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 Securities for the payment or settlement of which such monies or Common Shares 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 3 contracts

Samples: First Supplemental Indenture (Mfa Financial, Inc.), First Supplemental Indenture (Granite Point Mortgage Trust Inc.), First Supplemental Indenture (Granite Point Mortgage Trust Inc.)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 3.04 hereof, all monies and shares of Common Shares Stock, if 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 Securities, and such monies and shares of Common Shares 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 Securities for the payment or settlement of which such monies or shares of Common Shares 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 3 contracts

Samples: Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc), Indenture (Arbor Realty Trust Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof, all monies and Common Shares Shares, 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 SecuritiesNotes, and such monies and Common 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 Securities Notes for the payment or settlement of which such monies or Common Shares Shares, 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 (Herbalife Ltd.), Indenture (Golar LNG LTD)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 4.04(d) hereof, all monies and Common Shares Shares, if 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 SecuritiesNotes, and such monies and Common 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 Securities Notes for the payment or settlement of which such monies or Common Shares 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 (Federal Realty OP LP), Indenture (Kite Realty Group Trust)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 4.04(d) hereof, all monies and Common Shares Stock, if 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 SecuritiesNotes, and such monies and Common Shares 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 Securities Notes for the payment or settlement of which such monies or Common Shares 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 (Welltower OP LLC)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof8.04, all monies and shares of Common Shares Stock, if applicable, deposited with the Trustee pursuant to Section 7.01 hereof 8.01 shall be held in trust for the sole benefit of the Holders of the SecuritiesNotes, and such monies and shares of Common Shares Stock, if applicable, 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 Securities Notes for the payment or settlement redemption of which such monies or and shares of Common Shares Stock, if applicable, 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 (Ual Corp /De/)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 7.04 hereof4.04(d), all monies and Common Shares Stock, if any, deposited with the Trustee pursuant to Section 7.01 hereof 3.01 shall be held in trust for the sole benefit of the Holders of the SecuritiesNotes, and such monies and Common Shares 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 Securities Notes for the payment or settlement of which such monies or Common Shares 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 (Welltower OP LLC)

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