Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article 10 shall be held by the Trustee as a part of the Collateral. Upon payment in cash or Marketable Securities by or on behalf of the Company or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, 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 Marketable Securities received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Monies under Article 12 subject to application as therein provided. Unless and until the 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 from time to time in accordance with Section 12.08. If the 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 in accordance with Section 6.10. -109-
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Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article 10 XI shall be held by the Trustee Trustee, as a part of the Collateral. Upon payment in cash or Marketable Securities Cash Equivalents by or on behalf of the Company or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, 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 Marketable Securities Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Monies under Article 12 subject to application as therein providedin accordance with the provisions of Section 9.2 hereof. Unless and until the Notes are accelerated, accelerated pursuant to Section 6.027.2, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company from time to time in accordance with Section 12.08time. If the Notes have been accelerated pursuant to Section 6.027.2, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee Trustee, as the case may be, in accordance with Section 6.107.10. -109-This Section 11.13 shall be subject to Article III hereof.
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Disposition of Obligations Received. All purchase money ----------------------------------- or other obligations received by the Trustee under this Article 10 12 shall be held by the Trustee as a part of the Collateral. Upon payment in cash or Marketable Securities Temporary Cash Investments by or on behalf of the Company Issuer or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, 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 Marketable Securities Temporary Cash Investments received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Monies under Article 12 13 subject to application as therein provided. Unless and until the 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 Issuer from time to time in accordance with Section 12.0813.8. If the 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 in accordance with Section 6.10. -109-6.10 of this Indenture.
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Samples: Indenture (Terra Industries Inc)
Disposition of Obligations Received. All purchase money or other obligations received by the Trustee under this Article 10 12 shall be held by the Trustee as a part of the Collateral. Upon payment in cash or Marketable Securities Temporary Cash Investments by or on behalf of the Company Issuer or the obligor thereof to the Trustee of the entire unpaid principal amount of any such obligation, 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 Marketable Securities Temporary Cash Investments received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Monies under Article 12 13 subject to application as therein provided. Unless and until the 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 Issuer from time to time in accordance with Section 12.0813.8. If the 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 in accordance with Section 6.10. -109-6.10 of this Indenture.
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Samples: Indenture (Terra Capital Inc)