Common use of Government Obligations to Be Held in Trust; Other Miscellaneous Provisions Clause in Contracts

Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the provisions of the disposition of unclaimed moneys contained herein, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the paying agent pursuant to Condition 13(D) in respect of the Outstanding Note shall be held in trust and applied by the paying agent, in accordance with the provisions of these terms and conditions, to the payment, either directly or through the paying agent (including the Company acting as its own paying agent) as to the Holders of the Note of all sums due and to become due thereon in respect of principal and interest, but such money and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Convertible Note Agreement (Harken Energy Corp), Convertible Note Agreement (Harken Energy Corp)

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Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the provisions of the disposition of unclaimed moneys contained herein, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the paying agent pursuant to Condition 13(D) in respect of the Outstanding Note Notes shall be held in trust and applied by the paying agent, in accordance with the provisions of these terms Terms and conditionsConditions, to the payment, either directly or through the paying agent (including the Company acting as its own paying agent) as to the Holders of the Note Notes of all sums due and to become due thereon in respect of principal and interest, but such money and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Convertible Note Agreement (Harken Energy Corp)

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Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the provisions of the disposition of unclaimed moneys contained herein, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the paying agent pursuant to Condition 13(D) in respect of the Outstanding Note Notes shall be held in trust and applied by the paying agent, in accordance with the provisions of these terms and conditions, to the payment, either directly or through the paying agent (including the Company acting as its own paying agent) as to the Holders of the Note Notes of all sums due and to become due thereon in respect of principal and interestprincipal, but such money and U.S. Government Obligations need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Note Agreement (Harken Energy Corp)

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