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

Money for Senior Note Payments to be Held in Trust. If the Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of, premium, if any, or interest on any of the Senior Notes, segregate and hold in trust for the benefit of the Holders entitled thereto a sum sufficient to pay the principal, 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. If the Issuer is not acting as Paying Agent, the Issuer will, on or before each due date of the principal of, premium, if any, or interest on, any Senior Notes, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, premium, if any, or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of such action or any failure so to act. If the Issuer is not acting as Paying Agent, the Issuer will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:

Money for Senior Note Payments to be Held in Trust. If the Issuer Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of, of (or premium, if any), interest or interest Additional Amounts or Liquidated Damages, if any, on any of the Senior Notes, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, 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, provided and will promptly notify the Trustee of its action or failure so to act. If Whenever the Issuer is not acting as Company shall have one or more Paying AgentAgents for the Senior Notes, the Issuer it will, on or before 12:00 Noon (New York City time) on the Business Day prior to each due date of the principal of, of (or premium, if any, ) or interest on, or Liquidated Damages on any Senior Notes, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, principal (and premium, if any, ) or interest or Liquidated Damages so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Issuer Company will promptly notify the Trustee of such action or any failure so to act. If the Issuer is not acting as Paying Agent, the Issuer The Company will cause each Paying Agent other than the Trustee not appointed hereunder to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:

Money for Senior Note Payments to be Held in Trust. If the Issuer Company shall at any time act as its own Paying Agent, it willshall, on or before 11:00 a.m., Eastern time, on each due date of the principal of, of (and premium, if any, on), interest or interest Liquidated Damages, if any, on any of the Senior Notes, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, principal (and premium, if any), interest or interest Liquidated Damages, if any, so becoming due until such sums sum shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure so to act. If Whenever the Issuer is not acting as Company shall have one or more Paying AgentAgents for the Senior Notes, the Issuer will, it will on or before 11:00 a.m., Eastern time, on each due date of the principal of, of (and premium, if any, on), interest or interest Liquidated Damages, if any, on, any Senior Notes, deposit with a Paying Agent a sum in same day immediately available funds sufficient to pay the principal, principal (and premium, if any), interest or interest Liquidated Damages, if any, so becoming due, such sum funds to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Issuer will Company shall promptly notify the Trustee of such action or any failure so to act. If the Issuer is not acting as Paying Agent, the Issuer will The Company shall cause each Paying Agent (other than the Trustee Trustee) to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: