Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant to Section 4.16, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven subject to application as therein provided. Unless and until the Securities are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.07. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
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Samples: Indenture (Doe Run Resources Corp)
Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten X shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities Notes pursuant to Section 4.16, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven XI subject to application as therein provided. Unless and until the Securities Notes are accelerated pursuant to Section 6.026.2, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0711.7. If the Securities Notes have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10. SECTION 10.
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Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee or the Collateral Agent under this Article Ten shall be held by the TrusteeTrustee or the Collateral Agent, as a part of the case may be and shall be added to the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee or the Collateral Agent of an amount equal to the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the 91 passage of time or otherwise, to be used to purchase Securities pursuant redeem or repurchase or to Section 4.16make an Offer to Purchase Notes, the Trustee or the Collateral Agent, as appropriate, shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Collateral Agent may reasonably require. Any cash or Cash Equivalents received by the Trustee or the Collateral Agent in respect of the principal of any such obligations shall be held by the Trustee or the Collateral Agent, as the case may be, as Trust Moneys under Article Eleven 11 subject to application as therein providedprovided and as provided in the Collateral Documents. Unless and until Until the Securities Notes are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, Trustee shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.07. If the Securities Notes have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, Trustee in accordance with Section 6.10.
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Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee under this Article Ten shall be held by the Trustee, Trustee as a part of the Mortgaged Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Available Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant redeem or repurchase or to Section 4.16make an offer to redeem or repurchase Securities, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven 13 subject to application as therein providedprovided and as provided in the Security Agreements. Unless and until Until the Securities are accelerated accelerated, pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, Trustee shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0713.07. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, Trustee in accordance with Section 6.10.
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Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant to Section 4.16, the Trustee shall promptly release and transfer such obligation and any mortgage 106 securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven subject to application as therein provided. Unless and until the Securities are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.07. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
Appears in 1 contract
Samples: Indenture (Doe Run Resources Corp)
Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant to Section 4.16, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven subject to application as therein provided. Unless and until the Securities are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.07. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
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Samples: Indenture (Wci Steel Inc)
Disposition of Obligations Received. All purchase money or other obligations received by the Trustee Collateral Agent under this Article Ten XI shall be held by the TrusteeCollateral Agent, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee Collateral Agent of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities or repay, as applicable, Pari Passu Debt pursuant to Section 4.164.13, the Trustee Collateral Agent shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee Collateral Agent may reasonably require. Any cash or Cash Equivalents received by the Trustee Collateral Agent in respect of the principal of any such obligations shall be held by the Trustee Collateral Agent as Trust Moneys under Article Eleven XII subject to application as therein provided. Unless and until the Securities are accelerated accelerated, pursuant to Section 6.026.2, all interest and other income on any such obligations, when received by the TrusteeCollateral Agent, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0712.7. If the Securities have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the TrusteeCollateral Agent, shall be applied by the TrusteeCollateral Agent, as the case may be, in accordance with Section 6.106.11.
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Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten X shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant to Section 4.164.14, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven XI subject to application as therein provided. Unless and until the Securities are accelerated accelerated, pursuant to Section 6.026.2, all interest and other income on any such obligationsobliga- tions, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0711.7. If the Securities have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
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Samples: Indenture (Toms Foods Inc)
Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee under this Article Ten shall be held by the Trustee, Trustee as a part of the Mortgaged Collateral. Upon payment in cash or Cash Equivalents cash equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Available Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant redeem or repurchase or to Section 4.16make an offer to redeem or repurchase Securities, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents cash equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven 13 subject to application as therein providedprovided and as provided in the Security Agreements. Unless and until Until the Securities are accelerated accelerated, pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, Trustee shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0713.08. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, Trustee in accordance with Section 6.10.
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Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten 12 shall be held by the Trustee, Trustee as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities Senior Notes pursuant to Section 4.164.10, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven 13 subject to application as therein provided. Unless and until the Securities Senior Notes are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0713.07. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
Appears in 1 contract
Samples: Indenture (Goodman Conveyor Co)
Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article Ten XI shall be held by the Trustee, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or by or on behalf of its Subsidiaries, as applicable, or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to purchase Securities pursuant to Section 4.164.15, the Trustee shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article Eleven XII subject to application as therein provided. Unless and until the Securities are accelerated accelerated, pursuant to Section 6.026.2, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company or to its Subsidiaries, as applicable, from time to time in accordance with Section 11.0712.7. If the -114- Securities have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee, as the case may be, in accordance with Section 6.10.
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