Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Bonds, all monies then held by any Person other than the Indenture Trustee under the provisions of this Indenture with respect to such Bonds 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 Person shall be released from all further liability with respect to such monies.
Appears in 51 contracts
Samples: Indenture (IMPAC CMB Trust Series 2005-5), Servicing Agreement (Impac CMB Trust Series 2005-8), Servicing Agreement (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-7)
Repayment of Monies Held by Paying Agent. In connection with the satisfaction and discharge of this Indenture with respect to the Bonds, all monies then held by any Person Administrator other than the Indenture Trustee under the provisions of this Indenture with respect to such Bonds shall, upon demand of the IssuerIssuing Entity, be paid to the Indenture Trustee to be held and applied according to Section 3.05 and thereupon such Person Paying Agent shall be released from all further liability with respect to such monies.
Appears in 2 contracts
Samples: Indenture (Imh Assets Corp), Imh Assets Corp
