Common use of Repayment of Monies Held by Paying Agent Clause in Contracts

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; and thereupon, such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 49 contracts

Samples: Indenture (Phoenix Residential Securities, LLC), Indenture (Phoenix Residential Securities, LLC), Indenture (GMACM Home Equity Loan Trust 2007-He1)

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Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (Person other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such the Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; , and thereupon, such thereupon the Paying Agent shall be released from all further liability with respect to such monies.

Appears in 11 contracts

Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Whole Loan Home Equity Trust 2005-A), Indenture (Bear Stearns Asset Backed Securities Inc)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the IssuerIssuing Entity, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.3 and thereupon, such Paying Agent shall thereupon be released from all further liability with respect to such monies.

Appears in 4 contracts

Samples: Indenture (World Omni LT), Indenture (World Omni LT), Indenture (World Omni Auto Leasing LLC)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the NotesBonds, all monies then held by any Paying Agent (Person other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes Bonds shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.05 and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 3 contracts

Samples: Indenture (Imh Assets Corp), Indenture (Impac CMB Trust Series 1998-2), Indenture (Imh Assets Corp)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (Person other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the IssuerIssuing Entity, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.05 and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 3 contracts

Samples: Indenture (Deutsche Mortgage Securities Inc), Indenture (Nomura Home Equity Loan, Inc.), Indenture (Deutsche Alt-a Securities Inc)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.03 hereof and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 3 contracts

Samples: Indenture (Bay View Deposit CORP), Indenture (Bay View Deposit CORP), Indenture (Bay View Deposit CORP)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.3 and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 2 contracts

Samples: Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Indenture (Wells Fargo Financial Auto Owner Trust 2005-A)

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Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) paying agent under the provisions of this Indenture with respect to such series of Notes shall, upon written demand of the IssuerCompany, be repaid to it or paid to the Indenture Trustee to be held and applied according to Section 3.05; and thereupon, thereupon such Paying Agent paying agent shall be released from all further liability with respect to such monies.

Appears in 2 contracts

Samples: Indenture (Pearson PLC), Indenture (Pearson PLC)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.03 and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.. Article Five

Appears in 1 contract

Samples: Indenture (Pooled Auto Securities Shelf LLC)

Repayment of Monies Held by Paying Agent. 35 In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; SECTION 3.3, and thereupon, thereupon such Paying Agent shall be released from all further liability with respect to such monies.

Appears in 1 contract

Samples: Indenture (First Investors Financial Services Group Inc)

Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Notes, all monies then held by any Paying Agent (other than the Indenture Trustee) Trustee under the provisions of this Indenture with respect to such Notes shall, upon demand of the Issuer, be paid to the Indenture Trustee to be held and applied according to Section 3.05; 3.3 and thereupon, such Paying Agent shall thereupon be released from all further liability with respect to such monies.

Appears in 1 contract

Samples: Indenture (Volkswagen Public Auto Loan Securitization LLC)

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