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

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 All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

Appears in 3 contracts

Samples: Indenture (Mid State Trust Vi), Indenture (Mid-State Homes Inc), Indenture (Mid State Trust Vi)

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Money for Note Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c8.02(b) or Section 5.08 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 55.08 or 8.

Appears in 2 contracts

Samples: Indenture (Mid State Capital Corp), Indenture (Mid State Homes Trust Xi)

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 All payments of amounts due and payable with respect to any Notes which that are to be made from amounts withdrawn from the Collection related Note Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

Appears in 1 contract

Samples: Indenture (Residential Asset Funding Corp)

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 All payments of amounts due and payable with respect to any Notes which that are to be made from amounts withdrawn from the Collection Note Account pursuant to Section 8.02(c) or Section 5.08 5.07 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Note Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

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

Appears in 1 contract

Samples: Indenture (Mid State Trust Vi)

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Money for Note Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 55.08 or 8.

Appears in 1 contract

Samples: Indenture (Nations Asset Securities Inc)

Money for Note Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection 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 another a Paying Agent, and no amounts so withdrawn from the Collection Distribution Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in Section 5.

Appears in 1 contract

Samples: Indenture (Merrill Lynch Mortgage Investors Inc)

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