Common use of Interest and Dividends Clause in Contracts

Interest and Dividends. All interest earned and dividends paid on funds invested in Eligible Cash Equivalents shall be deposited in the Escrow Account as additional Collateral beneficially owned by the Company and pledged to the Issuer, acting for its benefit, and shall be reinvested in accordance with the terms hereof.

Appears in 1 contract

Samples: Issuer Loan Escrow Agreement (R&b Falcon Corp)

AutoNDA by SimpleDocs

Interest and Dividends. All interest earned and dividends paid on funds invested in Eligible such Temporary Cash Equivalents Investments shall be deposited in the Escrow Account as additional Collateral beneficially owned by Accounts for the Company and pledged to exclusive benefit of the Issuer, acting Trustee for its benefit, the ratable benefit of the holders of the Notes and shall be reinvested in accordance with the terms hereofhereof at the Issuers' written instruction and subject to disbursement as provided herein.

Appears in 1 contract

Samples: Escrow Agreement (Chiles Magellan LLC)

Interest and Dividends. All interest earned and dividends ---------------------- paid on funds invested in Eligible Temporary Cash Equivalents Investments shall be deposited in the Escrow Account as additional Collateral beneficially owned by for the Company and pledged to exclusive benefit of the Issuer, acting Trustee for its benefit, the ratable benefit of the holders of the Notes and shall be reinvested in accordance with the terms hereofhereof at the Company's written instruction and subject to disbursement as provided herein.

Appears in 1 contract

Samples: Escrow Agreement (Omnipoint Corp \De\)

Interest and Dividends. All interest earned and dividends paid on funds invested in Eligible Cash Equivalents shall be deposited in the Escrow Account as additional Collateral beneficially owned by the Company Issuer and pledged to the IssuerTrustee, acting for its benefitbenefit and the equal and ratable benefit of the Holders of the Secured Notes, and shall be reinvested in accordance with the terms hereof.

Appears in 1 contract

Samples: Senior Secured Note Escrow Agreement (R&b Falcon Corp)

AutoNDA by SimpleDocs

Interest and Dividends. All interest earned and dividends paid on funds invested in Eligible Temporary Cash Equivalents Investments shall be deposited in the Escrow Account as additional Collateral beneficially owned by for the Company benefit of the holders of the Notes (subject to Section 3 and pledged to the Issuer, acting for its benefit, Section 5) and shall be reinvested in accordance with the terms hereofhereof at the Guarantor's written instruction.

Appears in 1 contract

Samples: Escrow and Disbursement Agreement (Renaissance Cosmetics Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!