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

Money for Notes Payments to Be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Notes, it will, on or before each Maturity Date or Interest Payment Date 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 shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 13 contracts

Samples: Indenture (Alliance Data Systems Corp), Indenture (Alliance Data Systems Corp), Bread Financial Holdings, Inc.

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Money for Notes Payments to Be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the any series of Notes, it will, on or before each Maturity Date due date of the principal of (and premium, if any) or Interest Payment Date interest on any of the NotesNotes of that series, 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 shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 10 contracts

Samples: Indenture (Celgene Corp /De/), Indenture (Celgene Corp /De/), Indenture (Celgene Corp /De/)

Money for Notes Payments to Be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Notes, it will, on or before each Maturity Date due date of the principal of or Interest Payment Date any premium or interest, if any, 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 any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 3 contracts

Samples: Indenture (Bonanza Creek Energy, Inc.), Indenture (Bonanza Creek Energy Operating Company, LLC), Indenture (Bill Barrett Corp)

Money for Notes Payments to Be Held in Trust. (a) If the Company shall at any time act as its their own Paying Agent with respect to the NotesAgent, it they will, on or before each Maturity Date due date of the principal of (or Interest Payment Date 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 shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 2 contracts

Samples: Indenture (Frontier Communications Corp), Indenture (Frontier Communications Corp)

Money for Notes Payments to Be Held in Trust. (a) If the Company Issuer shall at any time act as its own Paying Agent with respect to the NotesAgent, it will, on or before each Maturity Date due date of the principal of (or Interest Payment Date 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 shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 2 contracts

Samples: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Co Inc)

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Money for Notes Payments to Be Held in Trust. (a) If -------------------------------------------- the Company shall at any time act as its own Paying Agent with respect to the NotesAgent, it willshall, on or before each Maturity Date due date of the principal of, premium, if any, or Interest Payment Date on 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 amount so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will shall promptly notify the Trustee in writing of its action or failure so to act.

Appears in 1 contract

Samples: Presidential Life Corp

Money for Notes Payments to Be Held in Trust. (a) If the Company Issuer shall at any time act as its own Paying Agent with respect to the NotesAgent, it willshall, on or before each Maturity Date due date of the principal of (or Interest Payment Date 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 shall be paid to such Persons or otherwise disposed of as herein provided and will shall promptly notify the Trustee in writing of its action or failure so to act.

Appears in 1 contract

Samples: Indenture (Accelerate Diagnostics, Inc)

Money for Notes Payments to Be Held in Trust. (a) If the Company shall at any time act acts as its own Paying Agent with respect to the Notes, it will, on or before each Maturity Date due date of the principal of or Interest Payment Date interest on any of the such 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 shall be are paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee in writing of its action or failure so to act.

Appears in 1 contract

Samples: Indenture (Renewable Energy Group, Inc.)

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