Common use of Section 1003 Money for Securities Payments to Be Held in Trust Clause in Contracts

Section 1003 Money for Securities Payments to Be Held in Trust. If the Issuer shall at any time act as its own Paying Agent with respect to any series of Securities, it shall, on or before each due date of the principal of, any premium or interest on, or any Additional Amounts with respect to any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency or Currencies in which the Securities of such series are payable sufficient to pay the principal, any premium, interest and Additional Amounts, as the case may be, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall promptly notify the Trustee of its action or failure so to act. Whenever the Issuer shall have one or more Paying Agents for any series of Securities, it shall, on or prior to each due date of the principal of, or any premium or interest on or any Additional Amounts with respect to, any Securities of such series, deposit with any Paying Agent a sum (in the Currency or Currencies described in the preceding paragraph) sufficient to pay the principal, premium, interest and Additional Amounts, as the case may be, so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of its action or failure so to act. The Issuer shall cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall:

Section 1003 Money for Securities Payments to Be Held in Trust. If the Issuer Company shall at any time act as its own Paying Agent with respect to any series of Securitiesany Securities and any related coupons, it shallwill, on or before each due date of the principal of (and premium, if any), or interest on or Additional Amounts in respect of, any premium or interest on, or any Additional Amounts with respect to any of the Securities of such that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency currency or Currencies currencies, currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series) sufficient to pay the principal, any principal (and premium, if any) or interest and or Additional Amounts, as the case may be, Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall will promptly notify the Trustee of its action or failure so to act. Whenever the Issuer Company shall have one or more Paying Agents for any series of SecuritiesSecurities and any related coupons, it shallwill, on or prior to before each due date of the principal ofof (and premium, or any premium if any), or interest on or any Additional Amounts with Amounts, if any, in respect toof, any Securities of such that series, deposit with any a Paying Agent a sum (in the Currency currency or Currencies currencies, currency unit or units or composite currency or currencies described in the preceding paragraph) sufficient to pay the principal, principal (and premium, if any) or interest and or Additional Amounts, as the case may beif any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled theretoto such principal, premium or interest or Additional Amounts and (unless such Paying Agent is the Trustee) the Issuer Company will promptly notify the Trustee of its action or failure so to act. The Issuer shall Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall:will

Section 1003 Money for Securities Payments to Be Held in Trust. If the Issuer or a Guarantor shall at any time act as its own Paying Agent with respect to any series of SecuritiesSecurities and any related coupons, it shallwill, on or before each due date of the principal ofof (or premium, any premium if any) or interest oninterest, or any Additional Amounts with respect to if any, on any of the Securities of such that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency or Currencies in which the Securities of such series are payable (except as may otherwise be specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal, any principal of (or premium, interest and Additional Amountsif any) or interest, as the case may beif any, on Securities of such series so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and shall will promptly notify the Trustee Trustees of its action or failure so to act. Whenever the Issuer shall have one or more Paying Agents for any series of SecuritiesSecurities and any related coupons, it shallwill, on or prior to or on each due date of the principal ofof (or premium, if any) or any premium or interest interest, if any, on or any Additional Amounts with respect to, any Securities of such that series, deposit with any a Paying Agent a sum (in the Currency or Currencies described in the preceding paragraph) sufficient to pay the principal, principal (or premium, interest and Additional Amountsif any) or interest, as the case may beif any, so becoming due, such sum to be held in trust for the benefit of the Persons entitled theretoto such principal, premium or interest, and (unless such Paying Agent is the U.S. Trustee) the Issuer will promptly notify the Trustee Trustees of its action or failure so to act. The Issuer shall will cause each Paying Agent (other than the U.S. Trustee) for any series of Securities other than the Trustee to execute and deliver to the Trustee Trustees an instrument in which such Paying Agent shall agree with the TrusteeTrustees, subject to the provisions of this Section, that such Paying Agent shallwill: