Common use of Money for Bond Payments to Be Held in Trust Clause in Contracts

Money for Bond Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Bonds which are to be made from amounts withdrawn from the Distribution Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by a Paying Agent, and no amounts so withdrawn from the Distribution Account for payments of Bonds shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 5.

Appears in 2 contracts

Samples: Indenture (Sequoia Mortgage Funding Corp), Indenture (Sequoia Mortgage Funding Corp)

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Money for Bond Payments to Be Held in Trust. (a) All payments of amounts due and payable with respect to any Bonds which are to be made from amounts withdrawn from the Distribution Collateral Proceeds Account pursuant to Section 8.02(c) or 8.02(d) or Section 5.08 shall be made on behalf of the Issuer by the Indenture Trustee or by a Paying Agent, and no amounts so withdrawn from the Distribution Collateral Proceeds Account for payments of Bonds shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 5.for

Appears in 1 contract

Samples: Indenture (Equity Inns Inc)

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Money for Bond Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Bonds which that are to be made from amounts withdrawn from the Distribution Bond Account pursuant to Section 8.02(c) or Section 5.08 5.07 shall be made on behalf of the Issuer by the Trustee or by a Paying Agent, and no amounts so withdrawn from the Distribution Bond Account for payments of Bonds shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 55.07 or Section 8.

Appears in 1 contract

Samples: Indenture Agreement (Fund America Investors Corp Ii)

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