Common use of Paying Agents to Hold Money in Trust Clause in Contracts

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 8 contracts

Samples: Indenture (Dole Food Company Inc), Indenture (Davis-Standard CORP), Indenture (Anchor Glass Container Corp /New)

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Paying Agents to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any principal, premium, if any, or interest and Additional Interest, if any, 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 all money held by it relating to the Notes to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it relating to the Notes to the Trustee and account for any such money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Companyan Issuer) shall have no further liability for the such money. If the Company an Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money relating to the Notes held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Companyan Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC), Indenture (Morris Publishing Group LLC)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any of, premium, if any, interest and Additional Interest, Interest (if any, ) on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Griffiths Pile Driving Inc), Indenture (Dan River Inc /Ga/), Indenture (Mobile Mini Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Dole Food Co Inc), Indenture (Dole Food Co Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premiumof, premium (if any), interest and Additional Interest, Interest (if any, ) on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (MxEnergy Holdings Inc), Indenture (Total Gas & Electricity (PA) Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, Redemption Price and of any premiumPurchase Price of, if any, and interest and Additional InterestLiquidated Damages, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Loomis Fargo & Co), Indenture (Keystone Consolidated Industries Inc)

Paying Agents to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Companyan Issuer) shall have no further liability for the money. If the Company an 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 Companyan Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Nb Finance Corp), Indenture (Aas Capital Corp)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any of, premium, if any, interest and Additional Interest, Liquidated Damages (if any, ) on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Propex International Holdings II Inc.), Indenture (Nacg Finance LLC)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any principal, premium, if any, and interest and Additional Interest, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any money funds disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Crum & Forster Holdings Corp), Indenture (Crum & Forster Holdings Corp)

Paying Agents to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Companyan Issuer) shall have no further liability for the money. If the Company an 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 Companyan Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Superior Essex Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Granite Broadcasting Corp)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than DBTCA or the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any of, premium, if any, interest and Additional Interest, Interest (if any, ) on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Mobile Mini Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interestinterest, if any, on the Notes, and shall promptly 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall may serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Metlife Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than DBTCA or the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any of, premium, if any, interest and Additional Interest, Interest (if any, ) on the Notes, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Mobile Mini Inc)

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Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional InterestLiquidated Damages, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Commemorative Brands Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Ironton Iron Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the such Paying Agent for the payment of principal and of any principal, premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Omnova Solutions Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premiumRedemption Price of, if anyand interest on, interest and Additional Interest, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Keystone Consolidated Industries Inc)

Paying Agents to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interestadditional interest, if any, 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 all money held by it to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Companyan Issuer) shall have no further liability for the money. If the Company an 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 Companyan Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Oak Ridger LLC)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee Trus- tee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Town Sports International Inc)

Paying Agents to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, 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 all money held by it to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If the Company acts Issuers act as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Companyeither Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Listerhill Total Maintenance Center LLC)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any of, premium, if any, interest and Additional Interest, Interest (if any, ) on the Notes, 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money disbursedTrustee. Upon payment over to the Trustee, the Paying Agent (if other than the CompanyCompany or a Subsidiary) shall have no further liability for the money. If the Company 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Mobile Mini Inc)

Paying Agents to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal and of any premium, if any, interest and Additional Interest, if any, on the Notes, and shall will 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 all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any money all monies disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company) shall have no further liability for the money. If 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 Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (Kronos International Inc)

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