Common use of Deposited U Clause in Contracts

Deposited U. S. Legal Tender and Government Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.6, all U.S. Legal Tender and Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.5, the "Trustee") pursuant to Section 8.4 in respect of the outstanding Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 3 contracts

Samples: Indenture (Centennial Communications Corp /De), Indenture (Centennial Communications Corp /De), Indenture (Centennial Communications Corp /De)

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Deposited U. S. Legal Tender and Government Securities to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.6, all all, U.S. Legal Tender and Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.5, the "Trustee") pursuant to Section 8.4 in respect of the outstanding Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Holders of such Securities of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Indenture (Pricellular Corp), Indenture (Centennial Cellular Corp)

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Deposited U. S. Legal Tender and U.S. Government Securities Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject to Section 8.6, all U.S. Legal Tender and U.S. Government Securities Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.5, the "Trustee") pursuant to Section 8.4 in respect of the outstanding Securities Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Holders of such Securities Nots of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Transtexas Gas Corp)

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