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 13.04, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was not in violation of Article 4, shall be held in trust for the sole benefit of the Noteholders and not to be subject to the subordination provisions of Article 4, and such monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than the Company), 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 2 contracts

Samples: Indenture (LTX Corp), Indenture (Globespan Inc/De)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0413.4, all monies deposited with the Trustee pursuant pursu ant to Section 13.01, provided that such deposit was 13.1 and not in violation of Article 4, IV shall be held in trust for the sole benefit of the Noteholders Securityholders and not to be subject to the subordination provisions of Article 4IV, and such monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than including the CompanyCompany if acting as its own paying agent), to the holders of the particular Notes Securities 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 (System Software Associates Inc), Securities Purchase Agreement (System Software Associates Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0410.3, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was not in violation of Article 4, 10.1 shall be held in trust for the sole benefit of the Noteholders Holders and not to be subject to the subordination provisions of Article 4ARTICLE XIII; provided, and that such monies were not deposited in violation of ARTICLE XIII. Such deposited monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than the Company)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 premiumAdditional Interest, if any.

Appears in 2 contracts

Samples: Indenture (Xm Satellite Radio Holdings Inc), Indenture (Cray Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0410.3, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was not in violation of Article 4, 10.1 shall be held in trust for the sole benefit of the Noteholders Holders and not to be subject to the subordination provisions of Article 4ARTICLE XIII; provided, and that such monies were not deposited in violation of ARTICLE XIII. Such deposited monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than the Company)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 (including Contingent Interest and premiumAdditional Interest, if any.)

Appears in 1 contract

Samples: Indenture (Synaptics Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0410.3, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was not in violation of Article 4, 10.1 shall be held in trust for the sole benefit of the Noteholders Holders and not to be subject to the subordination provisions of Article 4ARTICLE XIII; provided, and that such monies were not deposited in violation of ARTICLE XIII. Such deposited monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than the Company)agent, to the holders of the particular Notes Securities 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 premiumAdditional Interest, if any.

Appears in 1 contract

Samples: Indenture (CTS Corp)

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Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0410.3, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was not in violation of Article 4, 10.1 shall be held in trust for the sole benefit of the Noteholders Securityholders and not to be subject to the subordination provisions of Article 4V; PROVIDED, and that such monies were not deposited in violation of Article V. Such deposited monies shall be applied by the Trustee to the payment, either directly or through any paying agent (other than the Company)agent, to the holders of the particular Notes Securities 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 premiumAdditional Interest, if any.

Appears in 1 contract

Samples: Indenture (Pharmaceutical Resources Inc)

Deposited Monies to Be Held in Trust by Trustee. Subject to Section 13.0413.4, all monies deposited with the Trustee pursuant to Section 13.01, provided that such deposit was 13.1 and not in violation of Article 4, IV shall be held in trust for the sole benefit of the Noteholders Holders and shall not to be subject to the subordination provisions of Article 4IV, and such monies shall be applied by the Trustee to the payment, either directly or through any paying agent Paying Agent (other than including the CompanyCompany if acting as its own Paying Agent), to the holders 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 premiumthe Principal Amount, if anyincluding Original Issue Discount.

Appears in 1 contract

Samples: Indenture (Whole Foods Market Inc)

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