Common use of SECTION 402. Application of Trust Money Clause in Contracts

SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money and Government Obligations deposited with the Trustee pursuant to Section 401 and all proceeds of such Government Obligations and the interest thereon, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money and Government Obligations have been deposited with the Trustee.

Appears in 3 contracts

Samples: Subordinated Indenture (Principal Financial Group Inc), Subordinated Indenture (Principal Financial Group Inc), Subordinated Indenture (Hartford Financial Services Group Inc/De)

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SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 401 and all proceeds of such Government Obligations and the interest thereon, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money and or U.S. Government Obligations have has been deposited with the Trustee.

Appears in 2 contracts

Samples: Indenture (Te Products Pipeline Co Lp), Indenture (Te Products Pipeline Co Lp)

SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money and or U.S. Government Obligations deposited with the Trustee pursuant to Section 401 and all proceeds of such Government Obligations and the interest thereon, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest and any premium and interest Additional Amounts for whose the payment of which such money and Government Obligations have has been deposited with the Trustee.

Appears in 2 contracts

Samples: Indenture (TechnipFMC PLC), Indenture (FMC Technologies Inc)

SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations deposited with the Trustee pursuant to Section 401 and all proceeds of such Government Obligations and the interest thereon, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled theretothereto as set forth in the Securities Register, of the principal and any premium and interest for whose payment such money and Government Obligations have has been deposited with the Trustee.

Appears in 1 contract

Samples: Indenture Agreement (Dell Computer Corp)

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SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money and or U.S. Government Obligations deposited with the Trustee pursuant to Section 401 and all proceeds of such Government Obligations and the interest thereon, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and any premium premium, if any) and interest for whose payment such money and or U.S. Government Obligations have has been deposited with the Trustee.

Appears in 1 contract

Samples: Indenture (Teledyne Inc)

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