Common use of Money for Payments to Noteholders to be Held in Trust Clause in Contracts

Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account pursuant to Section 3.04(b) or Section 6.06 shall be made on behalf of the Issuer by the Trustee, and no amounts so withdrawn from the Collection Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 8.03.

Appears in 8 contracts

Samples: Indenture (Dvi Receivables Corp Viii), Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii)

AutoNDA by SimpleDocs

Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Revenue Account pursuant to Section 3.04(b) or 6.07 hereof, or the Reserve Account pursuant to Section 6.06 3.07 hereof, shall be made on behalf of the Issuer by the Trustee, and no amounts so withdrawn from the Collection Revenue Account or Reserve Account for payments of Notes shall be paid over to the Issuer under any circumstances except as provided in this Section 8.03.

Appears in 1 contract

Samples: KMC Telecom Holdings Inc

AutoNDA by SimpleDocs

Money for Payments to Noteholders to be Held in Trust. (a) All payments of amounts due and payable with respect to any Notes that are to be made from amounts withdrawn from the Collection Account Trust Accounts pursuant to Section 3.04(b) 3.4 or Section 6.06 6.6 shall be made on behalf of the Issuer Company by the Trustee, and no amounts so withdrawn from the applicable Collection Account for payments of Notes shall be paid over to the Issuer Company under any circumstances except as provided in this Section 8.038.3, in Section 3.4 or Section 6.6.

Appears in 1 contract

Samples: Epic Master Funding (Resort Investment LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.