PLEDGED BOND PAYMENTS. Any principal of, premium on and interest on Pledged Bonds which becomes due and payable (including any due-bills received upon purchases thereof pursuant to the record date provisions of the Indenture or the Bonds) shall be paid to the Agent. All sums of money so paid to the Agent in respect of Pledged Bonds shall be credited against the obligation of the Company to reimburse the Agent, with interest under Section 2.10.5 for the amount drawn with a Tender Draft to fund the purchase of such Pledged Bonds pursuant to the Indenture.
Appears in 5 contracts
Samples: Credit Agreement (Multi Color Corp), Security Agreement (Multi Color Corp), Security Agreement (Multi Color Corp)