Common use of Paying Agent to Hold Money Clause in Contracts

Paying Agent to Hold Money. The Issuer shall require the 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 of, premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Issuer) shall have no further liability for the money delivered to the Trustee. If 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.

Paying Agent to Hold Money. The Issuer shall require the each applicable Paying Agent (other than than, solely with respect to the Dollar Notes, the Trustee) to agree in writing that the applicable Paying Agent shall hold, and with regards to the Dollar Notes, hold in trust, for the benefit of the Holders or the Trustee, Trustee all money held by the applicable Paying Agent for the payment of principal of, premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by such applicable Paying Agent to the Trustee. Upon payment over to the Trustee, the applicable Paying Agent (if other than the Issuer) shall have no further liability for the money delivered to the Trustee. If 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.

Paying Agent to Hold Money. The Issuer shall require the each Paying Agent (other than the Trustee) Trustee to agree in writing that the such Paying Agent shall hold in trust, trust for the benefit of the Holders or the Trustee, Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by such Paying Agent to the Trustee. Upon payment over to the Trustee, the such Paying Agent (if other than the Issuer) shall have no further liability for the money delivered to the Trustee. If the Issuer Parent Guarantor 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.

Paying Agent to Hold Money. The Issuer Issuers shall require the each Paying Agent (other than the Trustee) Trustee to agree in writing that the such Paying Agent shall hold in trust, trust for the benefit of the Holders or the Trustee, Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and interest on the Notes, and shall notify the Trustee in writing of any Default by the Issuer Issuers in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer Issuers at any time may require a Paying Agent to pay all money held by such Paying Agent to the Trustee. Upon payment over to the Trustee, the such Paying Agent (if other than either of the IssuerIssuers) shall have no further liability for the money delivered to the Trustee. If the Issuer Parent Guarantor 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.

Paying Agent to Hold Money. The Issuer shall require the 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 principal of, interest and premium, if any, and interest Additional Amounts, if any, on the Notes, and shall promptly notify the Trustee in writing of any Default by the Issuer in making any such payment. While any such Default continues, the Trustee may require a Paying Agent to pay all money held by it to or to the order of the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by such Paying Agent it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Issuer) shall have no further liability for the money delivered to the Trusteemoney. If 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 insolvency, bankruptcy or reorganization proceedings relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes.