Common use of Paying Agent To Hold Assets in Trust Clause in Contracts

Paying Agent To Hold Assets in Trust. Casella shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella (or any other obligor on the Notes) in making any such payment. Casella at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02Article Twelve, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes Securities (whether such assets have been distributed to it by Casella the Company or any other obligor on the NotesSecurities), and shall notify the Trustee of any Default by Casella the Company (or any other obligor on the NotesSecurities) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella or any other obligor Contingent Payments on the Notes)Securities, and shall notify the Trustee in writing of any Default by Casella (or any other obligor on the Notes) Company in making any such payment. Casella If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate such assets and hold them as a separate trust fund for the benefit of the Holders or the Trustee. The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent (if other than the Company) shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02Eight, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuers (or any other obligor on the Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuers (or any other obligor on the Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuer shall require each Paying Agent other than the Trustee or the Issuer or any Subsidiary to agree in writing that, subject to Article Ten and Section 11.02Ten, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuer or any other obligor on the Notes), and shall notify the Trustee in writing of any Default by Casella the Issuer (or any other obligor on the Notes) in making any such payment. Casella The Issuer at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuer to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, premium, if any, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the Notes), and the Issuers and the Paying Agent shall notify the Trustee of any Default by Casella the Issuers (or any other obligor on the Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, of or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee or the Issuers or any Subsidiary of the Issuers to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the any Notes of any series (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the such Notes), and shall notify the Trustee of any Default by Casella the Issuers (or any other obligor on the such Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee or the Issuers or any Affiliate of the Issuers to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the Notes), and shall notify the Trustee in writing of any Default by Casella the Issuers (or any other obligor on the Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or premium or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuers shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, premium, if any, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuers or any other obligor on the Notes), and the Issuers and the Paying Agent shall notify the Trustee of any Default by Casella the Issuers (or any other obligor on the Notes) in making any such payment. Casella The Issuers at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuers to the Paying Agent, the Paying Agent shall have no further liability for such assets.. 28 145385.01

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of Accreted Value or principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuer shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of of, principal or Accreted Value of, premium, if any, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuer or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuer (or any other obligor on the Notes) in making any such payment. Casella The Issuer at any time may require a Paying Agent to promptly distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to promptly distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuer to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuer shall require each Paying Agent other than the Trustee or the Issuer or any Subsidiary to agree in writing that, subject to Article Ten and Section 11.02Ten, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuer or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuer (or any other obligor on the Notes) in making any such payment. Casella The Issuer at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuer to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuer shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of of, principal of, premium, if any, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuer or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuer (or any other obligor on the Notes) in making any such payment. Casella The Issuer at any time may require a Paying Agent to promptly distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to promptly distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuer to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Defaultdefault under Article Four, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes Debentures (whether such assets have been distributed to it by Casella the Company or any other obligor on the NotesDebentures), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the NotesDebentures) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee Trus- tee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, premium, if any, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and the Company and the Paying Agent shall notify the Trustee of any Default by Casella the 42 -34- Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Company shall require each Paying Agent other than the Trustee to agree in writing that, subject to Article Ten and Section 11.02, each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Company or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Company (or any other obligor on the Notes) in making any such payment. Casella The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.

Paying Agent To Hold Assets in Trust. Casella The Issuer shall require each Paying Agent other than the Trustee or the Issuer or any Subsidiary to agree in writing that, subject to Article Ten and Section 11.02, that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes (whether such assets have been distributed to it by Casella the Issuer or any other obligor on the Notes), and shall notify the Trustee of any Default by Casella the Issuer (or any other obligor on the Notes) in making any such payment. Casella The Issuer at any time may require a Paying Agent to distribute all assets held by it to the Trustee Trus- tee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by Casella the Issuer to the Paying Agent, the Paying Agent shall have no further liability for such assets.