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 All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

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

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 All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c8.02(b) or Section 5.08 shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

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

Money for Note Payments to Be Held in Trust. All As provided in Section 9.02(a), all payments of amounts due and payable with respect to any the Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c9.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to or at the direction of the Issuer under any circumstances except as provided in this Section 3.03 or in 8.10 and Section 59.

Appears in 1 contract

Sources: Indenture (Dyncorp)

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 All payments of amounts due and payable with respect to any Notes which are to be made from amounts withdrawn from the Collection Account pursuant to Section 8.02(c) or Section 5.08 shall be made on behalf of the Issuer by the Trustee or by another Paying Agent, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 3.03 or in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

Sources: 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 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

Sources: 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 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

Sources: Indenture (Merrill Lynch Mortgage Investors Inc)

Money for Note Payments to Be Held in Trust. All As specified in Section 8.4(a) and (b), all payments of amounts due and payable with respect to any the Notes which are to be made from amounts withdrawn from the Collection Operations 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 AgentIndenture Trustee, and no amounts so withdrawn from the Collection Operations Account for payments of Notes shall be paid over to or at the direction of the Issuer under any circumstances except as expressly provided in this Section 3.03 or in Section 53.7.

Appears in 1 contract

Sources: Indenture (Electronic Data Systems Corp /De/)

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

Sources: Indenture (Mid State Trust Vi)