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 Company acting as its own paying agent), to the holders of the Debentures for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the Trustee.

Appears in 3 contracts

Samples: Indenture (Heartland Financial Capital Trust I), Indenture (Colorado Business Bankshares Capital Trust I), Indenture (Glacier Capital Trust I)

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