Money for Certificate Payments to Be Held in Pass Through Trust. All moneys deposited with any Paying Agent for the purpose of any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section. Moneys so deposited and held in trust shall constitute a separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited. The Pass Through Trustee will cause each Paying Agent other than the Pass Through Trustee to execute and deliver to it an instrument in which such Paying Agent shall agree with the Pass Through Trustee, subject to the provisions of this Section, that such Paying Agent will:
Appears in 3 contracts
Samples: Through Trust Agreement (Union Tank Car Co), Through Trust Agreement (Union Tank Car Co), Union Tank Car Co
Money for Certificate Payments to Be Held in Pass Through Trust. All moneys deposited with any Paying Agent for the purpose of any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section. Moneys so deposited and held in trust shall -41- 47 constitute a separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited. The Pass Through Trustee will cause each Paying Agent other than the Pass Through Trustee to execute and deliver to it an instrument in which such Paying Agent shall agree with the Pass Through Trustee, subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Samples: Union Tank Car Co
