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

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay

Appears in 1 contract

Samples: Indenture (Nextel Communications Inc)

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Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to payand

Appears in 1 contract

Samples: Junior Subordinated Indenture (Bancorpsouth Inc)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) , or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal and premium, if any, or interest so becoming due until such sums shall be paid to

Appears in 1 contract

Samples: Indenture (Fuisz Technologies LTD)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and of, premium, if any) , or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal, premium, if any, or

Appears in 1 contract

Samples: Indenture (Critical Path Inc)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, will on or before each due date of the principal of (and premium, if any) , or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal and

Appears in 1 contract

Samples: Indenture (Nexstar Pharmaceuticals Inc)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided

Appears in 1 contract

Samples: Indenture (Medpartners Inc)

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Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premiumof, interest or Additional Payments, if any) or interest , on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paythe

Appears in 1 contract

Samples: Indenture (Calpine Corp)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal 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 of its action or failure so to act.

Appears in 1 contract

Samples: Indenture (Olsten Corp)

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (and or premium, if any) , or interest on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to paypay the principal of 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 of its action or failure so to act.

Appears in 1 contract

Samples: Indenture (Laidlaw Environmental Services Inc)

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