Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts at any time as Paying Agent hereunder, it will, on each due date of the principal of (and premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums are paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act.
Appears in 5 contracts
Samples: Indenture (Norbord Inc.), Indenture (Norbord Inc.), Execution Version
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts Company shall at any time act as its own Paying Agent hereunderAgent, it will, on or before each due date of the principal of (and premium, if any) or interest interest, on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure so to act.
Appears in 3 contracts
Samples: Indenture (Sanmina-Sci Corp), Sanmina-Sci Corp, Sanmina-Sci Corp
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts Company shall at any time act as its own Paying Agent hereunderAgent, it willshall, on or before each due date of the principal of (and premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum of Money sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, and will shall promptly notify the Trustee of its action or failure so to act.
Appears in 2 contracts
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any the Guarantor acts at any time as Paying Agent hereunder, it will, on each due date of the principal of (and premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums are paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act.
Appears in 2 contracts
Samples: Indenture (Norbord Inc.), Indenture
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts shall at any time act as its own Paying Agent hereunderAgent, it will, on or before each due date of the principal of (and or premium, if any) or interest on any of the New Discount Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (and or premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure to so to act.
Appears in 1 contract
Samples: Ddi Corp
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts Issuers shall at any time act as their own Paying Agent hereunderAgent, it they will, on or before each due date of the principal of (and or premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (and or premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its their action or failure to so to act.
Appears in 1 contract
Samples: Mediacom Broadband Corp
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts Holdings shall at any time act as its own Paying Agent hereunderAgent, it will, on or before each due date of the principal of (and or premium, if any) or interest on any of the Discount Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (and or premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure to so to act.
Appears in 1 contract
Samples: Details Capital Corp
Money for Note Payments to Be Held in Trust. (a) If the Issuer or any Guarantor acts Corporation shall at any time act as its own Paying Agent hereunderAgent, it will, on or before each due date of the principal of (and or premium, if any, on) or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal of (and or premium, if any) or interest so becoming due until such sums are shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure so to act.
Appears in 1 contract
Samples: Indenture (Nova Chemicals Corp /New)