Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 9 contracts
Samples: Indenture (Group 1 Automotive Inc), Indenture (MasterBrand, Inc.), Indenture (Switch, Inc.)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, interest or interest Additional Interest, if any, on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 8 contracts
Samples: Indenture (APX Group Holdings, Inc.), Indenture (APX Group Holdings, Inc.), Indenture (Hilton Worldwide Holdings Inc.)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money funds held by it in trust for relating to the benefit of the Holders or the Trustee Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesIssuer) shall have no further liability for such moneyfunds. If the Company Issuer or any of its Subsidiaries 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 4.1(d) and (e) hereof relating to the occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 8 contracts
Samples: Indenture (Boardwalk Pipeline Partners, LP), Indenture (TGT Pipeline LLC), Indenture (Boardwalk Pipeline Partners, LP)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 8 contracts
Samples: Indenture (Alliant Energy Corp), Indenture (Alliant Energy Corp), Indenture (Alliant Energy Corp)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 7 contracts
Samples: Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.), Indenture (Life Time Group Holdings, Inc.)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuers or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries the Issuers or 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 the occurrence of any bankruptcy or reorganization proceedings relating to any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 7 contracts
Samples: Indenture (Magnolia Oil & Gas Corp), Indenture (Vine Energy Inc.), Indenture (Vine Energy Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium if any, Additional Amounts, if any, or interest interest, if any, on the NotesSecurities, whether such money shall have been paid to it by the Company or any Guarantor, and shall will notify the Trustee in writing of any Default default by the Company or any Guarantor in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 6 contracts
Samples: Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc), Indenture (Nabors Industries Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, principal of or premium or interest on the NotesSecurities (whether such money has been paid to it by the Company or any other obligor on the Securities), and the Company and the Paying Agent shall notify the Trustee of any Default default by the Company (or any other obligor on the Securities) in making any such payment. While any such Default continues, Money held in trust by the Trustee may require a Paying Agent to pay to the Trustee all money held need not be segregated except as required by it in trust for the benefit of the Holders or the Trusteelaw. The Company at any time may require a the Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any Event of Default specified in Section 501(1) or (2), upon written request to the TrusteePaying Agent, require such Paying Agent to pay forthwith all money so held by it to the Trustee and to account for any funds disbursed. Upon payment over to the Trusteemaking such payment, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries acts as The Paying Agent, it Agent shall segregate and hold in a separate trust fund for the benefit of the Holders all invest money held by it as Paying Agent. Upon only upon the occurrence of any written instructions of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesCompany.
Appears in 5 contracts
Samples: Indenture (Nova Chemicals Corp /New), Indenture (Nova Chemicals Corp /New), Indenture (Chemtura CORP)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its domestically incorporated Wholly-Owned Subsidiaries) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its domestically incorporated Wholly-Owned Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 5 contracts
Samples: Indenture (F&G Annuities & Life, Inc.), Indenture (FGL Holdings), Indenture (Fidelity & Guaranty Life)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium if any, Additional Amounts, if any, or interest on the NotesSecurities, whether such money shall have been paid to it by the Company or the Guarantors, and shall will notify the Trustee in accordance with Section 11.02 of any Default default by the Company or the Guarantors in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 5 contracts
Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)
Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest on any Note, the Company shall deposit with the Paying Agent (or if the Company or a Wholly Owned Subsidiary of the Company 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 Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or principal of and interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default continuesIf the Company or a Wholly Owned Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a the Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section 2.05, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 4 contracts
Samples: Indenture (Owens-Illinois Group Inc), Indenture (Owens Illinois Inc /De/), Indenture (Owens-Illinois Group Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If any of the Company or any of its Subsidiaries 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 the occurrence of any bankruptcy or reorganization proceedings relating to any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Crescent Energy Co), Indenture (Crescent Energy Co), Indenture (Crescent Energy Co)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent for any Series of Securities other than the Trustee to agree in writing that the Paying Agent shall will hold in trust trust, for the benefit of the Holders Securityholders of such Series of Securities, or the Trustee Trustee, all money held by the Paying Agent for the payment of principal, premium principal of or interest on the Notessuch Series of Securities, and shall will notify the Trustee of any Default by the Company in making any such paymentpayment as specified in Section 6.1(a), (b) or (c). While any such Default continuescontinues and subsequent to the occurrence of any Event of Default, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries Subsidiary acts as 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 money, securities and investments held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (American Spectrum Realty Inc), Indenture (CNL American Properties Fund Inc), Indenture (CNL American Properties Fund Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any Company, a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the 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 relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes. In the event that the Paying Agent receives funds in advance of the due date, the Paying Agent shall be entitled to invest such funds in the U.S. Bank Money Market Deposit Account, any earnings on which shall be for the account of the Company.
Appears in 4 contracts
Samples: Indenture (LPL Financial Holdings Inc.), Indenture (LPL Financial Holdings Inc.), Indenture (LPL Financial Holdings Inc.)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Additional Interest, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company at any time may require writing a Paying Agent to pay all money held by it in trust for to the benefit of the Holders or the Trustee Trustee. The Issuer at any time may require in writing a Paying Agent to pay all money held by it in trust to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (Symbion Inc/Tn), Indenture (Symbion Inc/Tn), Indenture (Usp Mission Hills, Inc.)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesIssuer) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 4 contracts
Samples: Indenture (CommScope Holding Company, Inc.), Indenture (CommScope Holding Company, Inc.), Indenture (Solgar)
Paying Agent to Hold Money in Trust. The Company or any other obligor on the Securities shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the NotesSecurities, and shall notify the Trustee of any Default by the Company or any other obligor on the Securities in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company or any other obligor on the Securities at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries other obligor on the Securities acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Securityholders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Atlas Air Inc), Indenture (Comforce Corp), Indenture (Comforce Corp)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest interest, on the Notes, Notes of a series and shall will notify the Trustee in writing of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company Issuer or any a Subsidiary of its Subsidiaries the 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.), Indenture (Hilton Worldwide Holdings Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee not a party to this Indenture to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Additional Interest, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent not a party to this Indenture to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent not a party to this Indenture to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Restricted Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.16.1(7) hereof, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Nuveen Investments Holdings, Inc.), Indenture (Nuveen Investments Holdings, Inc.), Indenture (VWR Funding, Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalPrincipal or repurchase price, premium if any, of or interest on the Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and account for the benefit of the Holders or the Trusteeany money disbursed by it. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee to the Trusteeand account for any money disbursed by it. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any an Affiliate of its Subsidiaries the 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 relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Hybridon Inc), Purchase Agreement (Kapson Senior Quarters Corp), Indenture (Heico Corp)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesIssuer) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon the occurrence of any of the events event specified in Section 6.16.01(i) or Section 6.01(j), the Trustee shall serve as automatically become the Paying Agent for the NotesAgent.
Appears in 3 contracts
Samples: Indenture (Akumin Inc.), Restructuring Support Agreement (Akumin Inc.), Indenture (Akumin Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees) to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium interest or interest on Liquidated Damages, if any, on, or the Redemption Price, Purchase Price or Designated Event Repurchase Price for, the Notes, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a subsidiary of its Subsidiaries the 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Delta Air Lines Inc /De/), Indenture (Delta Air Lines Inc /De/), Indenture (Delta Air Lines Inc /De/)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest on the Notes, and shall notify the Trustee of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiaries) shall have no further liability for such money. If the Company Issuer or any of 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Brinker International, Inc), Indenture (Vertiv Holdings Co), Indenture (Papa Johns International Inc)
Paying Agent to Hold Money in Trust. On or prior to each due date of the principal and interest on any Security, the Company shall deposit with the Paying Agent immediately available funds sufficient to pay such principal and interest becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium principal or interest on the NotesSecurities, and shall to notify the Trustee of any Default by the Company or any Subsidiary Guarantor in making any such payment. While any such Default continues, the Trustee may require a the Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Except as provided in the immediately preceding sentence, the Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trusteedoing so, the such Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a as separate trust fund for the benefit of the Holders funds all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Indenture (Plains Resources Inc), Indenture (Plains Resources Inc), Indenture (Forman Petroleum Corp)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Convertible Subordinated Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or interest (including Liquidated Damages) on the Convertible Subordinated Notes, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Subordinated Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 3 contracts
Samples: Annual Report, Indenture (School Specialty Inc), Indenture (Amkor Technology Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent for any Series of Securities other than the Trustee to agree in writing that it will hold all sums held by it for the Paying Agent shall hold payment of principal of and interest on Securities of that Series in trust for the benefit of the Holders persons entitled thereto until such sums are paid to such persons or the Trustee all money held by otherwise disposed of as herein provided, and that the Paying Agent for the payment of principal, premium or interest on the Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee. If the Company acts as Paying Agent, it shall segregate the money held by it for the benefit payment of the Holders or the Trusteeprincipal of and interest on any Series of Securities and hold such money as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, so doing the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notesso paid.
Appears in 3 contracts
Samples: Indenture (Bellsouth Corp), Indenture (Bellsouth Corp), Indenture (Bellsouth Corp)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee Fiscal Agent to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee Fiscal Agent all money and Cash Equivalents held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, or interest on on, the NotesSecurities, and shall notify the Trustee Fiscal Agent of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee Fiscal Agent may require a Paying Agent to pay to the Trustee all money and Cash Equivalents held by it in trust for to the benefit of the Holders or the TrusteeFiscal Agent. The Company at any time may require a Paying Agent to pay all money and Cash Equivalents held by it in trust for the benefit of the Holders or the Trustee to the TrusteeFiscal Agent. Upon payment of all such money and Cash Equivalents over to the TrusteeFiscal Agent, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneythe money and Cash Equivalents. If the Company or any of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Holders, all money and Cash Equivalents held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee Fiscal Agent shall serve as Paying Agent for the NotesSecurities.
Appears in 3 contracts
Samples: Fiscal Agency Agreement (Symetra Financial CORP), Fiscal Agency Agreement (Symetra Financial CORP), Fiscal Agency Agreement (Symetra Financial CORP)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of any Secured Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest interest, if any, on the Secured Notes, and shall will notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for with respect to the benefit of the Holders or Secured Notes to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for with respect to the benefit of the Holders or the Trustee Secured Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Holdings or any a Subsidiary of its SubsidiariesHoldings) shall have no further liability for such the money. If the Company Holdings or any a Subsidiary of its Subsidiaries Holdings 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Secured Notes.
Appears in 3 contracts
Samples: Intercreditor Agreement (Sinclair Broadcast Group Inc), Indenture (Sinclair Broadcast Group Inc), Indenture (Sinclair Broadcast Group Inc)
Paying Agent to Hold Money in Trust. The Company Companies shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will, and the Trustee when acting as Paying Agent agrees that it will, hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Companies in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany money disbursed by it. The Company Companies at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the a Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the a Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Companies, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Amerco /Nv/), Indenture (Sac Holding Corp)
Paying Agent to Hold Money in Trust. The Company Partnership shall, no later than 11:00 a.m. (New York City time) on each due date for the payment of principal, premium, if any, and interest on any of the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the Holders entitled to the same, and (unless such Paying Agent is the Trustee) the Partnership shall promptly notify the Trustee in writing of its action or failure so to act. The Partnership shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default default by the Company Partnership in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Partnership at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the a Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such the money. If the Company Partnership or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Partnership, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Senior Notes Indenture (Equitrans Midstream Corp), Senior Notes Indenture (Equitrans Midstream Corp)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest on the Notes, and shall notify the Trustee of any Default by the Company Issuers in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuers or any of its their Subsidiaries) shall have no further liability for such money. If the Company an Issuer or any of 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 the occurrence of any of the events specified in Section 6.16.1 hereof, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (American Finance Trust, Inc), Indenture (Global Net Lease, Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall promptly notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for the benefit of the Holders or to the Trustee to the Trusteeand account for any funds disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries 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 Section 6.01(g) or (h) hereof relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: First Supplemental Indenture (Celestica Inc), Third Supplemental Indenture (Celestica Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust trust, for the benefit of the Holders Securityholders of any Series of Securities, or the Trustee Trustee, all money held by the Paying Agent for the payment of principal, premium principal of or interest on the NotesSeries of Securities, and shall will notify the Trustee in writing of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed by such Paying Agent. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 2 contracts
Samples: Indenture (Agree Realty Corp), Indenture (Agree Limited Partnership)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each any Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the relevant Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium or Additional Amounts, if any, or interest on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or (other than the Trustee. The Company at any time may require a Paying Agent ) to pay all money held by it in trust for to the benefit of Trustee. The Issuers at any time may require the Holders or Paying Agent (other than the Trustee Trustee) to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than Holdings or a Subsidiary thereof or the Company or any of its SubsidiariesTrustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries Holdings or 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Clarios International Inc.), Indenture (Clarios International Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Subordinated Indenture (Delphi Trade Management, LLC), Senior Indenture (Delphi Trade Management, LLC)
Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest on the Securities of any Series, the Company shall deposit with the Paying Agent (or if the Company or a Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of Holders entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders of the Holders applicable Series of Securities or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the Notes, Securities of the applicable Series and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default continuesIf the Company or a Subsidiary acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Goodyear Tire & Rubber Co /Oh/), Indenture (Goodyear Export Inc.)
Paying Agent to Hold Money in Trust. On or prior to each due date of the principal of and interest on any Security, the Company shall deposit with the Paying Agent (or if the Company or a Wholly Owned Restricted 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 when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or principal of and interest on the NotesSecurities, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default continuesIf the Parent, the Trustee may require Company or a Subsidiary of the Parent acts as Paying Agent to pay to Agent, it shall segregate the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Kansas City Southern), Indenture (Kansas City Southern)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest (including Additional Interest) on the NotesSecurities or other payment (including Additional Sums) in respect of the Securities or otherwise held by it as Paying Agent, and shall will notify the Trustee of any Default default by the Company in making any such paymentpayment when due. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 2 contracts
Samples: Subordinated Indenture (Harleysville Group Inc), Subordinated Indenture (Rli Corp)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary thereof or the Trustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries the Issuer or 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 occurrence of any of Issuer or the events specified in Section 6.1Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Alight Group, Inc.), Indenture (Alight Inc. / DE)
Paying Agent to Hold Money in Trust. Prior to or on each due date of the principal of and interest on any Note, the Issuers shall deposit with each Paying Agent (or if Holdings or a 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 when so becoming due. The Company Issuers shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the a Paying Agent shall hold in trust for the benefit of the Holders holders or the Trustee all money held by the a Paying Agent for the payment of principal, premium or principal of and interest on the Notes, and shall notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default continuesIf Holdings or a Subsidiary of Holdings acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it as Paying Agent and hold it in trust for the benefit of the Holders or the TrusteePersons entitled thereto. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed by such Paying Agent. Upon payment over to the Trusteecomplying with this Section 2.05, the a Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Talos Energy Inc.), Exchange Agreement (Stone Energy Corp)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or interest on, the Notes (whether such money has been distributed to it by the Company or any other obligor on the Notes), and the Company (or any other obligor on the Notes) and the Paying Agent shall notify the Trustee of any Default default by the Company (or any other obligor on the Notes) in making any such payment. While any such Default continues, If the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit Company or an Affiliate of the Holders or Company acts as Paying Agent, it shall segregate the Trusteemoney and hold it as a separate trust fund. The Company at any time may require a Paying Agent to distribute all money held by it to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any payment default with respect to the Notes, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds distributed. Upon payment over to the Trusteedoing so, the Paying Agent (if other than an obligor on the Company or any of its SubsidiariesNotes) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money so paid over to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Telegroup Inc), Indenture (Telegroup Inc)
Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall 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 principalDistributions, premium Redemption Price or interest on the NotesLiquidation Amounts, and shall will notify the Property Trustee of any Default by the Company in making any if there are insufficient funds for such paymentpurpose. While any such Default insufficiency continues, the Property Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for to the benefit of the Holders or the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Company Trust or any an Affiliate of its Subsidiariesthe Trust) shall have no further liability for such the money. If the Company Trust or the Sponsor or any Affiliate of its Subsidiaries 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. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Trust Agreement (Indymac Bancorp Inc), Trust Agreement (Indymac Bancorp Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Convertible Subordinated Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium interest or interest Liquidated Damages on the Convertible Subordinated Notes, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Subordinated Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Credence Systems Corp), Indenture (Hutchinson Technology Inc)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, interest or interest Additional Interest, if any, on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 occurrence of any of Issuer or the events specified in Section 6.1Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Hilton Grand Vacations Inc.), Indenture (Hilton Worldwide Holdings Inc.)
Paying Agent to Hold Money in Trust. On or before each due date of the principal and interest on the Securities, the Issuers shall deposit with the Paying Agent (or if an Issuer or a Subsidiary of any Issuer 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 Company Issuers shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the Notes, Securities and shall notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default continuesIf an Issuer or a Subsidiary of an Issuer acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Jones Group Inc), Indenture (JAG FOOTWEAR, ACCESSORIES & RETAIL Corp)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall to hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the NotesSecurities (whether such money has been paid to it by the Issuer or any other obligor on the Securities), and the Issuer and the Paying Agent shall each notify the Trustee of any Default default by the Company Issuer (or any other obligor on the Securities) in making any such payment. While any such Default continues, If the Trustee may require Issuer or a Paying Agent to pay to the Trustee all money held by it in trust for the benefit Subsidiary of the Holders or Issuer acts as Paying Agent, it shall segregate the Trusteemoney and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any funds disbursed. Upon making such payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Classic Communications Inc), Indenture (Black Creek Management LLC)
Paying Agent to Hold Money in Trust. On or prior to each due date of the principal of and interest on any Note, the Company shall deposit with, or to an account maintained by, the Paying Agent (or if the Company or a 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 when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the Notes, Notes and shall promptly notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default continuesIf the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section 2.04, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 2 contracts
Samples: Indenture (Broadwing Inc), Indenture (Broadwing Communications Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit purpose of making payments on the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such the money, as Paying Agent, other than to account to the Trustee and the Company for any funds disbursed. If the Company or any one of 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Ames True Temper, Inc.), Indenture (Ames True Temper, Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders Noteholders or the Trustee all money and/or Additional Notes held by the Paying Agent for the payment of principal, premium principal of or interest on the Notes, and shall will notify the Trustee of any Default default by the Company or any other obligor upon the Notes in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money and/or Additional Notes held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money and/or Additional Notes held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such moneythe money and/or Additional Notes. If the Company or any of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in as a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 2 contracts
Samples: Indenture (Home Holdings Inc), Indenture (Home Holdings Inc)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, interest or interest Additional Interest, if any, on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than an Issuer or a Subsidiary or the Company or any of its SubsidiariesTrustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (B&H Contracting, L.P.)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or Additional Interest, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any a Wholly Owned Subsidiary of its Subsidiariesthe Issuer) shall have no further liability for such the money. If the Company Issuer or any a Wholly Owned Subsidiary of its Subsidiaries the 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Realogy Corp)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money assets held by the Paying Agent for the payment of principalprincipal of, premium or interest on, the Securities (whether such assets have been distributed to it by the Company or any other obligor on the NotesSecurities), and shall notify the Trustee of any Default by the Company (or any other obligor on the Securities) in making any such payment. While any If the Company or a Subsidiary acts as Paying Agent, it shall segregate such Default continues, the Trustee may require assets and hold them as a Paying Agent to pay to the Trustee all money held by it in separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a Paying Agent to pay distribute all money assets held by it in trust for the benefit of the Holders or to the Trustee and account for any assets disbursed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the TrusteeTrustee and to account for any assets distributed. Upon payment over distribution to the TrusteeTrustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notesassets.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, Additional Interest, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any one of its Subsidiaries) shall have no further liability for such the money. If the Company or any one of 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Trustee and the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Cars.com Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Securities of any series or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or interest on the NotesSecurities of such series, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Securities of any series all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. Prior to or on each ----------------------------------- due date of the principal of and interest on any Security, 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 when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders Noteholders or the Trustee all money held by the Paying Agent for the payment of principal, premium or principal of and interest on the NotesSecurities, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default continuesIf the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 1 contract
Samples: Indenture (Wki Holding Co Inc)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or Additional Interest, if any, or interest on the Notes, and shall will notify the Trustee Trustee, in writing, of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company an Issuer or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company an Issuer or any of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Convertible Subordinated Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or interest on the Convertible Subordinated Notes, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Subordinated Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee Persons entitled thereto all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for relating to the benefit of the Holders or the Trustee Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Company, Parent Guarantor or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneyfunds. If the Company Company, Parent Guarantor or any of its Subsidiaries 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 occurrence of any of Company or the events specified in Section 6.1Parent Guarantor, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Medvest Holdings Corp)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of any Senior Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest interest, if any, on the Senior Notes, and shall will notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for with respect to the benefit of the Holders or Senior Notes to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for with respect to the benefit of the Holders or the Trustee Senior Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Holdings or any a Subsidiary of its SubsidiariesHoldings) shall have no further liability for such the money. If the Company Holdings or any a Subsidiary of its Subsidiaries Holdings 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Senior Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee Trustee, in respect of any series, to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders of Securities of such series or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the NotesSecurities of such series, and shall will notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for relating to the benefit of the Holders or the Trustee Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries 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 Section 6.01(a)(viii) or (ix) hereof relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Aviall Inc)
Paying Agent to Hold Money in Trust. The Company Co-Obligors shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company Co-Obligors in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company Co-Obligors at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any one of its Subsidiaries) shall have no further liability for such the money. If the Company or any of 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 the occurrence of any bankruptcy or reorganization proceedings relating to either of the events specified in Section 6.1Co-Obligors, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Duane Reade Holdings Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders Noteholders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, on, interest on and Liquidated Damages, if any, on, the NotesSecurities, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any money disbursed by it. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any an Affiliate of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any an Affiliate of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Noteholders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest or Additional Interest, if any, on the Notes, and shall will notify the Trustee of any Default default by the Company Partnership, MarkWest Finance or the Subsidiary Guarantors in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company an Issuer or any of its Subsidiariesa Subsidiary Guarantor) shall have no further liability for such the money. If the Company an Issuer or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Partnership or MarkWest Finance, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the TrusteeHolders. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust to the Trustee for its own benefit and for the benefit of the Holders or the Trustee to the TrusteeHolders. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries the Issuer or 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalthe Accreted Value, premium premium, if any, or interest Interest (or Liquidated Damages, if any) on the Notes, and shall promptly notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than one of the Company Issuers or any one of its the Subsidiaries) shall have no further liability for such the money. If one of the Company Issuers or any one of its the 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Convertible Subordinated Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or interest (including Liquidated Damages) on the Convertible Subordinated Notes, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Subordinated Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Amkor Technology Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or interest on, the Notes (whether such money has been distributed to it by the Company or any other obligor on the Notes), and the Company (or any other obligor on the Notes) and the Paying Agent shall notify the Trustee of any Default default by the Company (or any other obligor on the Notes) in making any such payment. While any such Default continues, If the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit Company or an Affiliate of the Holders or Company acts as Paying Agent, it shall segregate the Trusteemoney and hold it as a separate trust fund. The Company at any time may require a Paying Agent to distribute all money held by it to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any Payment Default with respect to the Notes, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds distributed. Upon payment over to the Trusteedoing so, the Paying Agent (if other than an obligor on the Company or any of its SubsidiariesNotes) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money so paid over to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 1 contract
Samples: Indenture (Rose Hills Co)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall will hold in trust trust, for the benefit of the Holders of any Series of Notes, or the Trustee Trustee, all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or interest on the Series of Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit Notes of the Holders or such Series to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Restricted Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of any Series of Notes all money funds held by it as Paying Agent. Upon any Event of Default under Sections 6.01(f) and (g) hereof relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. Prior to each due date of the principal and interest on any Security, the Company shall deposit with the Paying Agent a sum sufficient to pay such principal and interest when due. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the NotesSecurities, and shall notify the Trustee in writing of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesIssuer) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon the occurrence any Event of any of the events specified in Default under Section 6.16.1(v) or (vi), the Trustee shall serve as automatically become the Paying Agent for the NotesAgent.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that subject to Articles 8 and 13, the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require upon written request to a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or the Trustee. The Company at any time may require a such Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and account for any amounts paid. The Company at any time may require such Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Dynegy Inc /Il/)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or interest on the NotesSecurities, and shall notify the Trustee of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such moneythe money delivered to the Trustee. If the Company Issuer or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.16.1(vi), the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 1 contract
Samples: Indenture (WestRock Co)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium Applicable Premium, any other premium, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary) shall have no further liability for such the money. If the Company Issuer or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.16.1(h) hereof, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. Prior to each due date of the principal and interest on any Security, the Company shall deposit with the Paying Agent a sum sufficient to pay such principal and interest when such becomes due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the Notes, Securities and shall notify the Trustee of any Default default by the Company in making any such payment. While , and while any such Default default continues, the Trustee may require a the Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 1 contract
Samples: Indenture (Intersil Corp)
Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest on any Security, the Issuer 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 when so becoming due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or principal of and interest on the NotesSecurities, and shall notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default continuesIf the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section 2.04, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 1 contract
Samples: Indenture (NCR Atleos, LLC)
Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest on any Security, the Issuers shall deposit with the Paying Agent (or if either of the Issuers or a 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 when so becoming due. The Company Issuers shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or interest on the NotesSecurities, and shall notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default continuesIf either of the Issuers or a Subsidiary of the Issuers acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay to the Trustee all money held by it in as Paying Agent and hold it as a separate trust for the benefit of the Holders or the Trusteefund. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to account for any funds disbursed by the TrusteePaying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for money delivered to the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the NotesTrustee.
Appears in 1 contract
Samples: Indenture (Donjoy LLC)
Paying Agent to Hold Money in Trust. The Company shall require each any Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a any Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a any Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the such Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of 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 the occurrence of any bankruptcy of the events specified in Section 6.1Company, the Trustee shall serve as automatically be the Paying Agent for the NotesAgent.
Appears in 1 contract
Samples: Indenture (Ii-Vi Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, Additional Amounts or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries 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(h) and (i) hereof relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of any Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest interest, if any, on the Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for with respect to the benefit of the Holders or Notes to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for with respect to the benefit of the Holders or the Trustee Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any a Subsidiary of its Subsidiariesthe Issuer) shall have no further liability for such the money. If the Company Issuer or any a Subsidiary of its Subsidiaries the 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed by it prior to such time. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any one of its Subsidiaries) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any one of 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 occurrence of any of the events specified in Section 6.1Company, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Aaipharma Inc)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium if any, Additional Amounts, if any, or interest on the NotesSecurities, whether such money shall have been paid to it by the Company or the Guarantor, and shall will notify the Trustee in writing of any Default default by the Company or the Guarantor in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Nabors Industries LTD)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Each Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or interest on, the Notes (whether such money has been distributed to it by the Company or any other obligor on the Notes), and the Company (or any other obligor on the Notes) and the Paying Agent shall notify the Trustee of any Default default by the Company (or any other obligor on the Notes) in making any such payment. While any such Default continues, If the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit Company or an Affiliate of the Holders or Company acts as Paying Agent, it shall segregate the Trusteemoney and hold it as a separate trust fund. The Company at any time may require a Paying Agent to distribute all money held by it to the Trustee and account for any funds disbursed and the Trustee may at any time during the continuance of any Payment Default with respect to the Notes, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds distributed. Upon payment over to the Trusteedoing so, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such money. If the Company or any of 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.the
Appears in 1 contract
Samples: Indenture (Prime Succession Inc)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or interest on the NotesSecurities, and shall notify the Trustee of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for such moneythe money delivered to the Trustee. If Parent, the Company Issuer or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.16.1(vi), the Trustee shall serve as Paying Agent for the NotesSecurities.
Appears in 1 contract
Samples: Indenture (WestRock Co)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall will notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent (other than the Trustee) to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any of its Subsidiariesa Subsidiary thereof or the Trustee) shall have no further liability for such the money. If the Company or any of its Subsidiaries the Issuer or a Subsidiary thereof acts as Paying Agent, it shall segregate and hold in a separate trust fund fond for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the occurrence of any of Issuer or the events specified in Section 6.1Co-Issuer, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Alight Group, Inc.)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall will hold in trust trust, for the benefit of the Holders or the Trustee Trustee, all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Consolidated Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries a Consolidated 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 Section 6.01(f) or (h) hereof relating to the occurrence of any of the events specified in Section 6.1Company, the Trustee shall automatically serve as Paying Agent for the Notes. In the event that the Paying Agent receives funds in advance of any due date, the Paying Agent shall be entitled to invest such funds in the U.S. Bank Money Market Deposit Account or any substantially similar successor account, any earnings on which shall be for the account of the Company.
Appears in 1 contract
Samples: Indenture (Molina Healthcare Inc)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the NotesNotes of a series, and shall notify the Trustee in writing of any Default by the Company Issuers in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than either of the Company or any of its SubsidiariesIssuers) shall have no further liability for such moneythe money delivered to the Trustee. If either of the Company or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (PPD, Inc.)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each a Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company Issuers in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the such Paying Agent (if other than the Company Issuers or any of its Subsidiariesa Restricted Subsidiary) shall have no further liability for such moneythe money delivered to the Trustee. If the Company Dutch Co-Issuer or any of its Subsidiaries 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 the occurrence of any bankruptcy or insolvency of the events specified in Section 6.1Dutch Co-Issuer, the Trustee shall serve as automatically be the Paying Agent for the NotesAgent.
Appears in 1 contract
Samples: Indenture (Atotech LTD)
Paying Agent to Hold Money in Trust. The Company Company, the Guarantors or any other obligor on the Notes shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or premium, if any, and interest on the Notes, and shall notify the Trustee of any Default by the Company Company, any of the Guarantors or any other obligor on the Notes in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Company, the Guarantors or any other obligor on the Notes at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Guarantor) shall have no further liability for such moneythe money delivered to the Trustee. If the Company Company, the Guarantors or any of its Subsidiaries other obligor on the Notes 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees) to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Securities or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, interest or interest Additional Amounts, if any, on the NotesSecurities, and shall will notify the Trustee of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Securities all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Western Wireless Corp)
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest Interest (or Liquidated Damages, if any) on the Notes, and shall promptly notify the Trustee in writing of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than one of the Company Issuers or any one of its the Subsidiaries) shall have no further liability for such the money. If one of the Company Issuers or any one of its the 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 occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Property Trustee all money held by the such Paying Agent for the payment of principal, premium liquidation amounts or interest Distributions on the NotesSecurities, and shall will notify the Property Trustee of any Default by the Company in making any if there are insufficient funds for such paymentpurpose. While any such Default insufficiency continues, the Property Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for to the benefit of the Holders or the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Company Trust or any an Affiliate of its Subsidiariesthe Trust) shall have no further liability for such the money. If the Company Trust or any the Debenture Issuer or an Affiliate of its Subsidiaries 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. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee Persons entitled thereto all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest on the Notes, and shall notify the Trustee of any Default by the Company in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money funds held by it in trust for relating to the benefit of the Holders or Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it in trust for relating to the benefit of the Holders or the Trustee Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Subsidiary) shall have no further liability for such moneyfunds. If the Company or any of its Subsidiaries 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 6.1(g) and (h) hereof relating to the occurrence of Company or any of the events specified in Section 6.1Material Domestic Subsidiary, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of holders of the Holders Convertible Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium interest or interest Additional Interest on the Convertible Notes, and shall will promptly notify the Trustee in writing of any Default default by the Company in respect of making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any a Subsidiary of its Subsidiariesthe Company) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Notes all money held by it as Paying Agent. Upon the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Vion Pharmaceuticals Inc)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of the Notes, premium or the Applicable Prepayment Premium, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Company Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its SubsidiariesIssuer) shall have no further liability for such moneythe money delivered to the Trustee. If the Company or any of its Subsidiaries 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall will serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Ch2m Hill Companies LTD)
Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee or the Securities Administrator to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium if any, Additional Amounts, if any, or interest on the NotesSecurities, whether such money shall have been paid to it by the Company or the Guarantor, and shall will notify the Trustee in writing of any Default default by the Company or the Guarantor in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust to the Trustee and to account for the benefit of the Holders or the Trusteeany funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or to the Trustee and to the Trusteeaccount for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or any of its SubsidiariesCompany) shall have no further liability for such the money. If the Company or any a Subsidiary of its Subsidiaries the 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 the occurrence of any of the events specified in Section 6.1, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract
Samples: Indenture (Nabors Industries LTD)
Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders of any Senior Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium premium, if any, or interest interest, if any, on the Senior Notes, and shall will notify the Trustee of any Default default by the Company Issuer in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for with respect to the benefit of the Holders or Senior Notes to the Trustee. The Company Issuer at any time may require a Paying Agent to pay all money held by it in trust for with respect to the benefit of the Holders or the Trustee Senior Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company Issuer or any a Subsidiary of its Subsidiariesthe Issuer) shall have no further liability for such the money. If the Company Issuer or any a Subsidiary of its Subsidiaries the 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 occurrence of any of the events specified in Section 6.1Issuer, the Trustee shall serve as Paying Agent for the Senior Notes.
Appears in 1 contract
Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principalAccreted Value of, premium premium, if any, or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any Default default by the Company Issuers in making any such payment. While any such Default default continues, the Trustee may require a Paying Agent to pay to the Trustee all money held by it in trust for the benefit of the Holders or to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it in trust for the benefit of the Holders or the Trustee to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiariesa Restricted Subsidiary) shall have no further liability for such the money. If the Company or any of its Subsidiaries 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 the occurrence of any of the events specified in Section 6.1Issuers, the Trustee shall serve as Paying Agent for the Notes.
Appears in 1 contract