Paying Agent to Hold Money in Trust. The Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributions, and will notify the Property Trustee if there are insufficient funds for such purpose. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 9 contracts
Samples: Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust VII)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Wholly Owned Subsidiary of the TrustIssuer) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Wholly Owned Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to any one of the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 9 contracts
Samples: Indenture (Anywhere Real Estate Group LLC), Indenture (Realogy Group LLC), Indenture (Realogy Group LLC)
Paying Agent to Hold Money in Trust. The Trust shall Issuer will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itsuch Paying Agent. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust STBV or an Affiliate of the Trusta Subsidiary) shall will have no further liability for the money. If the Trust STBV or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Notes.
Appears in 8 contracts
Samples: Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding PLC), Indenture (Sensata Technologies Holding PLC)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary thereof) shall have no further liability for the money. If the Trust either Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 8 contracts
Samples: Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust trust, for the benefit of Holders Securityholders of any Series of Securities, or the Property Trustee Trustee, all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Series of Securities, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate a Subsidiary of the TrustPartnership) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Partnership acts as the Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Issuers, the Trustee shall serve as Paying Agent for the Securities.
Appears in 8 contracts
Samples: Indenture (Sunoco, LLC), Indenture (Landmark Infrastructure Finance Corp.), Indenture Agreement (Direct Fuels LLC)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 7 contracts
Samples: Indenture (Charter Communications Inc /Mo/), Indenture (Charter Communications Inc /Mo/), Indenture (Charter Communications Inc /Mo/)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest or Additional Interest, if any, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company, Finance Co or the Subsidiary Guarantors in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Subsidiary Guarantor) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company or Finance Co, the Trustee shall serve as Paying Agent for the Notes.
Appears in 7 contracts
Samples: Indenture (Atlas Pipeline Partners Lp), Indenture (Atlas Pipeline Partners Lp), Indenture (Atlas Pipeline Partners Lp)
Paying Agent to Hold Money in Trust. The Trust shall Issuer will require each Paying Agent for Securities of a series other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsAdditional Amounts, if any, or interest on the Securities of that series, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall will have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Securities.
Appears in 7 contracts
Samples: Indenture (Ventas Inc), Indenture (Care Capital Properties, LP), Indenture (Care Capital Properties, LP)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company, the Co-issuer, the Parent Guarantor or the Subsidiary Guarantors in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Parent Guarantor or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Parent Guarantor or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company or the Parent Guarantor, the Trustee shall serve as Paying Agent for the Notes.
Appears in 7 contracts
Samples: Indenture (Cloud Peak Energy Inc.), Indenture (Youngs Creek Mining Co LLC), Indenture (Youngs Creek Mining Co LLC)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer or the Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 6 contracts
Samples: Indenture (Summit Materials, Inc.), Indenture (Summit Materials, LLC), Indenture (Summit Materials, LLC)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal or Distributionspremium, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate a Subsidiary of the TrustIssuers) shall have no further liability for the moneymoney delivered to the Trustee. If either the Trust Company or the Sponsor NLC, or an Affiliate a Subsidiary of the Trust Company or the Sponsor NLC, acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 6 contracts
Samples: Indenture (Comdisco Inc), Indenture (Comdisco Holding Co Inc), Indenture (Comdisco Holding Co Inc)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee (if there are insufficient funds for the Trustee is not serving as Paying Agent) of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary thereof) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 5 contracts
Samples: Indenture (Wynn Resorts LTD), Indenture (Wynn Resorts LTD), Indenture (MGM Resorts International)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust a Covenant Party or an Affiliate one of the Trusttheir respective Subsidiaries) shall have no further liability for the money. If the Trust a Covenant Party or the Sponsor or an Affiliate one of the Trust or the Sponsor their respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to a Covenant Party, DBTCA shall serve as Paying Agent.
Appears in 5 contracts
Samples: Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC)
Paying Agent to Hold Money in Trust. The Trust shall Issuer will require each Paying Agent for Securities of a series other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, interest or DistributionsAdditional Amounts, if any, on the Securities of that series, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than not the Trust Issuer or an Affiliate any of the Trustits Subsidiaries) shall will have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate any of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Securities.
Appears in 5 contracts
Samples: Indenture (BRMK Management, Corp.), Indenture (BRMK Management, Corp.), Indenture (Ventas Realty Limited Partnership)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Partnership, MarkWest Finance or the Subsidiary Guarantors in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Subsidiary Guarantor) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Partnership or MarkWest Finance, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Fifteenth Supplemental Indenture (Markwest Energy Partners L P), Thirteenth Supplemental Indenture (Markwest Energy Partners L P), Tenth Supplemental Indenture (Markwest Energy Partners L P)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or DistributionsSpecial Interest, if any, or interest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than Holdings, the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the money. If Holdings, the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings (or similar proceedings) relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (iHeartCommunications, Inc.), Indenture (Clear Channel Communications Inc), Indenture (Clear Channel Communications Inc)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer or Parent, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Performance Food Group Co), Indenture (Performance Food Group Co), Indenture (Performance Food Group Co)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or Distributionscash interest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Energy Future Intermediate Holding CO LLC), Indenture (EFIH Finance Inc.), Indenture (EFIH Finance Inc.)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, interest or DistributionsAdditional Interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers, the Company or an Affiliate any of the Trustits Subsidiaries) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Endo International PLC), Indenture (Endo International PLC), Indenture (Endo International PLC)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Prestige Consumer Healthcare Inc.), Indenture (Prestige Consumer Healthcare Inc.), Indenture (Prestige Brands Holdings, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate one of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Cablevision Systems Corp /Ny), Indenture (Cablevision Systems Corp /Ny), Indenture (Rainbow Media Enterprises, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest or Additional Interest, if any, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company, Finance Co or the Guarantors in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Guarantor) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company or Finance Co, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Atlas Resource Partners, L.P.), Indenture (Atlas Resource Partners, L.P.), Indenture (Atlas Energy Resources, LLC)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, or Distributionsinterest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company, the Issuers or an Affiliate one of the TrustCompany’s other Subsidiaries) shall will have no further liability for the money. If the Trust Company, the Issuers or the Sponsor or an Affiliate one of the Trust or the Sponsor Company’s other subsidiaries acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Herbalife Nutrition Ltd.), Indenture (Herbalife Nutrition Ltd.), Indenture (Herbalife Nutrition Ltd.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributions, interest on the Notes and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent shall be required to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the moneymoney delivered to the Trustee. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying AgentAgent (subject to Section 2.03 hereof), it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization related to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture Agreement (Centrus Energy Corp), Indenture Agreement (United States Enrichment Corp), Indenture Agreement (Usec Inc)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate either of the Trust Issuers or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (J Crew Group Inc), Indenture (J Crew Group Inc), Restructuring Support Agreement (J Crew Group Inc)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property TrusteeTrustee of all amounts that it is obligated to pay, the Paying Agent (if other than the Trust Issuers or a Subsidiary of an Affiliate of the TrustIssuer) shall will have no further liability for the money. If the Trust Issuers or the Sponsor or a Subsidiary of an Affiliate of the Trust or the Sponsor acts Issuer act as Paying Agent, it shall they will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it them as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 3 contracts
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, or Distributionsinterest or Additional Interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any Default by the Issuers in making any such purposepayment. While any such insufficiency Default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate any of the Trusttheir Subsidiaries) shall will have no further liability for the money. If the Trust Issuers or the Sponsor or an Affiliate any of the Trust or the Sponsor acts their Subsidiaries act as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (MGM Growth Properties Operating Partnership LP), Indenture (MGM Growth Properties Operating Partnership LP), Indenture (MGM Growth Properties LLC)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Senior Indenture (Aptiv Corp), Senior Indenture (Delphi Trade Management, LLC), Subordinated Indenture (Delphi Trade Management, LLC)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, premium on, if any, interest and Additional Interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any Default by the Issuers in making any such purposepayment. While any such insufficiency Default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate either of the TrustIssuers or a Subsidiary) shall will have no further liability for the money. If the Trust or the Sponsor or an Affiliate either of the Trust Issuers or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to either of the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Broadcom Cayman L.P.), Indenture (Broadcom LTD)
Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest, including Additional Interest, if any, on any Note, the Issuers shall deposit with the Paying Agent (or if either of the Issuers or a Subsidiary of the Issuers is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Trust Issuers shall require each Paying Agent (other than the Property Trustee Trustee) to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for such purpose. While of any default by the Issuers in making any such insufficiency continuespayment. If either of the Issuers or a Subsidiary of the Issuers acts as Paying Agent, it shall segregate the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trusteeas Paying Agent and hold it as a separate trust fund. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itthe Paying Agent. Upon payment over to the Property Trusteecomplying with this Section, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If money delivered to the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying AgentTrustee.
Appears in 2 contracts
Samples: Indenture (On Semiconductor Corp), Indenture (On Semiconductor Corp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and the Paying Agent will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Campbell Alliance Group Inc), Indenture (Campbell Alliance Group Inc)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsLiquidated Damages, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust an Issuer, a Subsidiary or the Sponsor or an Affiliate of the Trust or the Sponsor a Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund funds for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Alliance Laundry Holdings LLC), Indenture (Alliance Laundry Holdings LLC)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (West Corp), Indenture (West Corp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest, on the Notes and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent Agent, other than the Property Trustee Trustee, to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the moneymoney so paid. If the Trust an Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Constellium N.V.), Indenture (Constellium N.V.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or and the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Concrete Pumping Holdings, Inc.), Indenture (Nesco Holdings, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Solutia Inc), First Supplemental Indenture (Solutia Inc)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsSpecial Interest if any on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Laureate Education, Inc.), Indenture (Laureate Education, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust either Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Douglas Dynamics, Inc), Indenture (Douglas Dynamics, Inc)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary thereof or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary thereof acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer or the Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Change Healthcare Inc.), Indenture (Change Healthcare Inc.)
Paying Agent to Hold Money in Trust. The Trust shall Company will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsAdditional Interest, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Company in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itsuch Paying Agent. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Sensata Technologies Holland, B.V.), Indenture (Sensata Technologies B.V.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or DistributionsSpecial Interest, if any, or interest on the 2017 B Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer, the Company or an Affiliate any Subsidiary of the TrustCompany) shall have no further liability for the money. If the Trust Issuer, the Company or the Sponsor or an Affiliate any Subsidiary of the Trust or the Sponsor Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings (or similar proceedings) relating to the Issuer, the Trustee shall serve as Paying Agent for the 2017 B Notes.
Appears in 2 contracts
Samples: Indenture (CC Media Holdings Inc), Indenture (Clear Channel Outdoor Holdings, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require in writing a Paying Agent to pay all money held by it in trust to the Property Trustee. The Trust Issuer at any time may require in writing a Paying Agent to pay all money held by it in trust to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate any of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate any of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer or any of its Subsidiaries, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Pitney Bowes Inc /De/), Indenture (Pitney Bowes Inc /De/)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust trust, for the benefit of Holders Securityholders of any Series of Securities, or the Property Trustee Trustee, all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Series of Securities, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as the Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Issuer, the Trustee shall serve as Paying Agent for the Securities.
Appears in 2 contracts
Samples: Indenture (Phillips 66 Partners Lp), Indenture (Phillips 66 Partners Lp)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal, premium, if any, and interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Nationstar Sub1 LLC), Indenture (Nationstar Sub2 LLC)
Paying Agent to Hold Money in Trust. The Trust Company shall require each Paying Agent (other than the Property Trustee Trustee) to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Securities, and will notify the Property Trustee if there are insufficient funds for of any default by the Company or the Guarantor in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property TrusteeTrustee and account for any money disbursed by it. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Securities.
Appears in 2 contracts
Samples: Indenture (SFW Holding Corp), Indenture (Dart Group Corp)
Paying Agent to Hold Money in Trust. The Trust Company shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders of the Notes or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Company in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate one of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying AgentAgent with respect to the Notes. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Komag Inc /De/), Indenture (Komag Inc /De/)
Paying Agent to Hold Money in Trust. The Trust shall Company will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsSpecial Interest, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall will have no further liability for the moneymoney as Paying Agent, other than to account to the Trustee and the Company for any funds disbursed. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes.
Appears in 2 contracts
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionscash interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate either of the TrustIssuers or one of its Subsidiaries) shall have no further liability for the money. If the Trust either Issuer or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to either of the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Circus & Eldorado Joint Venture), Indenture (Circus & Eldorado Joint Venture)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, or Distributionsinterest, if any, on, the notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Parent, the Issuers or an Affiliate a Subsidiary of the TrustParent) shall will have no further liability for the money. If the Trust Parent, the Issuers or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Parent acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the notes.
Appears in 2 contracts
Samples: Indenture (Gogo Inc.), Indenture (Gogo Inc.)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will hold in trust for the benefit of relevant Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or Distributionsinterest, if any, on the Notes, and will promptly notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itsuch Paying Agent. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to any Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Coty Inc.), Indenture (Coty Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, and premium, interest and Liquidated Damages, if any, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any Default by the Issuers in making any such purposepayment. While any such insufficiency Default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Restricted Subsidiary) shall have no further liability for the moneymoney delivered to the Trustee. If the Trust Issuers or the Sponsor or an Affiliate of the Trust or the Sponsor acts a Restricted Subsidiary act as Paying Agent, it such Person shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it such Person as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to either Issuer, the Trustee shall serve as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Emdeon Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust trust, for the benefit of Holders Securityholders of any Series of Securities, or the Property Trustee Trustee, all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Series of Securities, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as the Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Securityholders of any Series of Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Issuer, the Trustee shall serve as Paying Agent for the Securities.
Appears in 1 contract
Samples: Indenture (Phillips 66 Partners Lp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributions, interest on the Notes and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the moneymoney delivered to the Trustee. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying AgentAgent (subject to Section 2.3), it shall segregate and hold in a separate trust fund for the ----------- benefit of the Holders a sum sufficient to pay all money held by it as Paying Agentpayments of principal, interest and Special Interest, if any, when due.
Appears in 1 contract
Samples: Indenture (Airtran Holdings Inc)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, interest or DistributionsAdditional Interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate any of the TrustCompany’s Subsidiaries) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Endo International PLC)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal, premium, if any, interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust an Issuer, Parent or the Sponsor or an Affiliate a Restricted Subsidiary of the Trust or the Sponsor Parent acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to any Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Onity Group Inc.)
Paying Agent to Hold Money in Trust. On or prior to each due date of the principal and interest and Additional Interest (if any) on any Note, the Company shall deposit with the Paying Agent (or if the Company or a Wholly Owned Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest and Additional Interest (if any) when so becoming due. The Trust Company shall require each Paying Agent (other than the Property Trustee Trustee) to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributions, interest on the Notes and will shall notify the Property Trustee if there are insufficient funds for such purpose. While in writing of any default by the Company in making any such insufficiency continuespayment. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trusteeas Paying Agent and hold it as a separate trust fund. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itthe Paying Agent. Upon payment over to the Property Trusteecomplying with this Section 2.4, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If money delivered to the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying AgentTrustee.
Appears in 1 contract
Samples: Indenture (Verisign Inc/Ca)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust trust, for the benefit of Holders of any Series of Securities, or the Property Trustee Trustee, all money held by the Paying Agent for the payment of liquidation amounts principal of or Distributionsinterest on the Series of Securities, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate one of the TrustIssuers or any of their Subsidiaries) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate one of the Trust Issuers or the Sponsor any of their Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Securities all money held by it as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent Agents (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer or the Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall require ----------------------------------- each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal or Distributionsdistribution on the Securities, and will notify the Property Trustee if there are insufficient funds for such purposefunds. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Samples: Declaration of Trust (American Equity Investment Life Holding Co)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsLiquidated Damages, if any, and interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary Guarantor) shall have no further liability for the money. If the Trust Issuers or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (National Crane Corp)
Paying Agent to Hold Money in Trust. The Trust shall Company will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, special distribution, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property TrusteeTrustee of all amounts that it is obligated to pay, the Paying Agent (if other than the Trust Company or an Affiliate a Subsidiary of the TrustCompany) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Company acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it them as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (GOOD TECHNOLOGY Corp)
Paying Agent to Hold Money in Trust. The Trust ACC shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, premium, if any, and interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any Default by ACC in making any such purposepayment. While any such insufficiency Default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust ACC at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust ACC or an Affiliate of the Trusta Restricted Subsidiary) shall have no further liability for the moneymoney delivered to the Trustee. If the Trust ACC or the Sponsor or an Affiliate of the Trust or the Sponsor a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to ACC, the Trustee shall serve as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal or Distributionsdistribution on the Securities, and will notify the Property Trustee if there are insufficient funds for such purposefunds. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If the Trust or the Sponsor Debenture Issuer or an Affiliate of the Trust or the Sponsor Debenture Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributions, interest on the Notes and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by either of the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate a Subsidiary of the TrustCompany) shall have no further liability for the moneymoney delivered to the Trustee. If the Trust Company or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Company acts as Paying AgentAgent (subject to Section 2.3), it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Samples: Indenture (Peninsula Gaming Corp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee or Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal or Distributionspremium, if any, or interest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer, a Parent Guarantor or an Affiliate of the Trusta Subsidiary Guarantor) shall have no further liability for the money. If the Trust Issuer, a Parent Guarantor or the Sponsor or an Affiliate of the Trust or the Sponsor a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to any of the Issuers, the Parent Guarantors or the Restricted Subsidiaries, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Vrio Corp.)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders of the Notes or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, premium, if any, on, and interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Partnership or an Affiliate a Subsidiary of the TrustPartnership) shall will have no further liability for the money. If the Trust Partnership or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Partnership acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Partnership or Finance Corp., the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Sitio Royalties Corp.)
Paying Agent to Hold Money in Trust. The Trust shall Company will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsAdditional Interest, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Company in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Company at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property TrusteeTrustee of all amounts that it is obligated to pay, the Paying Agent (if other than the Trust Company or an Affiliate a Subsidiary of the TrustCompany) shall will have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate any of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary thereof) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary thereof acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium and Additional Amounts (solely with respect to the Euro Notes), if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Avantor, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Amentum Holdings, Inc.)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, interest or DistributionsSpecial Interest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers, Parent or an Affiliate a Subsidiary of the TrustParent) shall will have no further liability for the money. If the Trust an Issuer, Parent or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Parent acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the such Paying Agent (i) will hold in trust for the benefit of Holders or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium or Distributions, interest on the Securities and (ii) will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than Parent, the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall will have no further liability for the moneymoney so paid over. If Parent, the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Securities.
Appears in 1 contract
Samples: Indenture (Kansas City Southern)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsLiquidated Damages, if any, or interest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate one of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Digitalnet Holdings Inc)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee (if there are insufficient funds for the Trustee is not serving as Paying Agent) of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary thereof) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as ASIA 33616188 18 Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Wynn Resorts LTD)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsLiquidated Damages, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta wholly-owned Subsidiary) shall have no further liability for the money. If the Trust Issuer, a Restricted Subsidiary or the Sponsor or an Affiliate of the Trust or the Sponsor a Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund funds for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Cott Corp /Cn/)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require re- quire a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust an Issuer or an Affiliate a Subsidiary of the TrustIssuers) shall have no further liability for the money. If the Trust an Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuers acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bank- ruptcy or reorganization proceedings relating to either Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributions, and will notify the Property Trustee in writing if there are insufficient funds for such purpose. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee or U.S. Bank National Association (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Delphi Technologies PLC)
Paying Agent to Hold Money in Trust. The Trust shall Issuer will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders of the Notes of any series or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, premium, if any, on, and interest, if any, on, the Notes of such series, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall will have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Chesapeake Energy Corp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, interest or DistributionsAdditional Interest (as required by the Registration Rights Agreement), if any, on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Constant Contact, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent (other than the Property Trustee Trustee) to agree in writing that the such Paying Agent will shall hold in trust for the benefit of Holders Securityholders of any Series of Securities or the Property Trustee all money held by the such Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest, if any, on such Series of Securities and will shall notify the Property Trustee if there are insufficient funds for such purpose. While of any default by the Issuer in making any such insufficiency continuespayment. If the Issuer or a Subsidiary acts as Paying Agent, it shall segregate the Property Trustee money held by it as Paying Agent and hold it as a separate trust fund. The Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money funds disbursed by itsuch Paying Agent. Upon payment over to the Property Trusteecomplying with this Section, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the moneymoney delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Trust or Issuer, the Sponsor or an Affiliate of the Trust or the Sponsor acts Trustee shall serve as Paying Agent, it shall segregate and hold in a separate trust fund Agent for the benefit of the Holders all money held by it as Paying AgentSecurities.
Appears in 1 contract
Samples: Indenture (Youbet Com Inc)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money funds held by it relating to the Property Notes to the Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money funds held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or a Subsidiary of an Affiliate of the TrustIssuer) shall have no further liability for the moneysuch funds. If the Trust Issuers or the Sponsor or a Subsidiary of an Affiliate of the Trust or the Sponsor Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any Event of Default under Sections 6.01(j) and (k) hereof relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Trump Entertainment Resorts Holdings Lp)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal of, premium on, if any, or Distributionsinterest, if any, on, the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company, the Issuers or an Affiliate one of the TrustCompany’s other Subsidiaries) shall will have no further liability for the money. If the Trust Company, the Issuers or the Sponsor or an Affiliate one of the Trust or the Sponsor Company’s other Subsidiaries acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Herbalife Ltd.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, premium, if any, on, interest on, and will Special Interest and Additional Amounts, if any, on, the Secured Notes, and shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer, the Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Secured Notes.
Appears in 1 contract
Samples: Indenture (R&b Falcon Corp)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal or Distributionspremium, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate one of the Trustother Obligors) shall have no further liability for the money. If the Trust Issuer, the Parent, or the Sponsor or an Affiliate one of the Trust or the Sponsor their respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Parent or any of their respective Subsidiaries, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall Issuer will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property TrusteeTrustee of all amounts that it is obligated to pay, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall will have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall they will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it them as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Lmi Aerospace Inc)
Paying Agent to Hold Money in Trust. The Trust shall Issuers will require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal, premium, interest and Additional Interest, if any, on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuers in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Regency Energy Partners or an Affiliate a Subsidiary of the TrustRegency Energy Partners) shall will have no further liability for the money. If the Trust Regency Energy Partners or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Regency Energy Partners acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to Regency Energy Partners, the Trustee will serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent will shall hold in trust for the benefit of the Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Company or an Affiliate of the Trusta Subsidiary) shall have no further liability for the money. If the Trust Company or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributions, and will notify the Property Trustee if there are insufficient funds for such purpose. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the moneymonies previously held by it. If the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Samples: Declaration of Trust (Sandy Spring Capital Trust I)
Paying Agent to Hold Money in Trust. The Trust Issuers shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee Persons entitled thereto all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for of any Default by the Issuers in making any such purposepayment. While any such insufficiency Default continues, the Property Trustee may require a Paying Agent to pay all money funds held by it relating to the Property Notes to the Trustee. The Trust Issuers at any time may require a Paying Agent to pay all money funds held by it relating to the Property Trustee and Notes to account for any money disbursed by itthe Trustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuers or an Affiliate of the Trusta Subsidiary) shall have no further liability for the moneysuch funds. If the Trust Issuers or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any Event of Default under Sections 6.01(ix) and (x) hereof relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (CBD Media LLC)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal, premium, if any, interest, if any, on the Notes, and will notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate of a Subsidiary or the TrustTrustee) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate of the Trust or the Sponsor a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Vivint Smart Home, Inc.)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts or Distributionsprincipal of, and will premium, Additional Interest, if any, or interest on, the Notes, and shall notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (A 1 Homes Group Inc)
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will shall notify the Property Trustee if there are insufficient funds for in writing of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it relating to the Property Trustee and Notes to account for any money disbursed by itthe Trustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate one of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate one of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any Event of Default under Sections 6.01(f) or (g) hereof, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts Liquidation Amounts or Distributions, and will notify the Property Trustee if there are insufficient funds for such purpose. While any such insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust or an Affiliate of the Trust) shall have no further liability for the money. If the Trust or the Sponsor or an Affiliate of the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will shall hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium, if any, or Distributionsinterest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Holdings or an Affiliate any of the Trustits Subsidiaries) shall have no further liability for the money. If the Trust Holdings or the Sponsor or an Affiliate any of the Trust or the Sponsor its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuer, the Trustee may serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Trust Issuer shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of liquidation amounts principal, premium or DistributionsLiquidated Damages, if any, or interest on the Notes, and will notify the Property Trustee if there are insufficient funds for of any default by the Issuer in making any such purposepayment. While any such insufficiency default continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Trust Issuer at any time may require a Paying Agent to pay all money held by it to the Property Trustee and to account for any money disbursed by itTrustee. Upon payment over to the Property Trustee, the Paying Agent (if other than the Trust Issuer or an Affiliate a Subsidiary of the TrustIssuer) shall have no further liability for the money. If the Trust Issuer or the Sponsor or an Affiliate a Subsidiary of the Trust or the Sponsor Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to such Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (International Specialty Products Inc /New/)
