Common use of DEPOSITED MONIES TO BE HELD IN TRUST Clause in Contracts

DEPOSITED MONIES TO BE HELD IN TRUST. All monies or Governmental Obligations deposited with the Trustee pursuant to Sections 13.1 or 13.2 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Corporation acting as its own paying agent), to the holders of the Debentures for the payment or redemption of which such Monies or Governmental Obligations have been deposited with the Trustee. The Corporation shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 13.1 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the holders of Outstanding Debentures.

DEPOSITED MONIES TO BE HELD IN TRUST. All monies or Governmental Obligations deposited with the Trustee pursuant to Sections 13.1 14.1 or 13.2 14.2 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including the Corporation acting as its own paying agent), to the holders of the Debentures for the payment or redemption of which such Monies or Governmental Obligations have been deposited with the Trustee. The Corporation shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Government Obligations deposited pursuant to Section 13.1 14.1 or the principal and interest received in respect thereof, other than any such tax, fee or other charge which by law is for the account of the holders of Outstanding Debentures.