Common use of Securities Held in Trust Clause in Contracts

Securities Held in Trust. The Exchange Securities and any cash or other property (the "Property") deposited with or received by Exchange Agent (in such capacity) from the Issuer shall be held in a segregated account, solely for the benefit of Issuer and Holders tendering Restricted Securities, as their interests may appear, and the Property shall not be commingled with securities, money, assets or property of Exchange Agent or any other party. Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange Securities.

Appears in 3 contracts

Samples: Exchange Agent Agreement (Aquila Inc), Exchange Agent Agreement (Utilicorp United Inc), Exchange Agent Agreement (Toll Finance Corp)

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Securities Held in Trust. The Exchange Securities and any cash or other property (the "β€œProperty"”) deposited with or received by Exchange Agent (in such capacity) from the Issuer shall be held in a segregated account, solely for the benefit of Issuer and Holders tendering Restricted Securities, as their interests may appear, and the Property shall not be commingled with securities, money, assets or property of Exchange Agent or any other party. Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange Securities.

Appears in 2 contracts

Samples: Exchange Agent Agreement (Atlantic Auto Funding Corp), Exchange Agent Agreement (DPL Inc)

Securities Held in Trust. The Exchange Securities and any cash or other ------------------------- property (the "Property") deposited with or received by Exchange Agent (in such capacity) from the Issuer shall be held in a segregated account, solely for the benefit of Issuer and Holders tendering Restricted Securities, as their interests may appear, and the Property shall not be commingled with securities, money, assets or property of Exchange Agent or any other party. Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange Securities.

Appears in 1 contract

Samples: Form of Exchange Agent Agreement (Dominion Resources Inc /Va/)

Securities Held in Trust. The Exchange Securities Notes and any cash or other property (the "Property") deposited with or received by the Exchange Agent (in such capacity) from the Issuer shall be held in a segregated account, solely for the benefit of the Issuer and Holders tendering Restricted SecuritiesOutstanding Notes, as their interests may appear, and the Property shall not be 3 commingled with securities, money, assets or property of the Exchange Agent or any other party. The Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange SecuritiesNotes.

Appears in 1 contract

Samples: Form of Exchange Agent Agreement (Wesco International Inc)

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Securities Held in Trust. The Exchange Securities and any cash or other ------------------------ property (the "Property") deposited with or received by the Exchange Agent (in such capacity) from the Issuer shall be held in a segregated account, solely for the benefit of Issuer and Holders tendering Restricted Securities, as their interests may appear, and the Property shall not be commingled with securities, money, assets or property of the Exchange Agent or any other party. The Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange Securities.

Appears in 1 contract

Samples: Exchange Agent Agreement (Consolidated Coal Co)

Securities Held in Trust. The Exchange Securities and any cash or ------------------------ other property (the "Property") deposited with or received by Exchange Agent (in such capacity) from the Issuer Company shall be held in a segregated account, solely for the benefit of Issuer the Company and Holders tendering Restricted Securities, as their interests may appear, and the Property shall not be commingled with securities, money, assets or property of Exchange Agent or any other party. Exchange Agent hereby waives any and all rights of lien, if any, against the Property, except to the extent set forth in the Indenture with respect to the Exchange Securities.

Appears in 1 contract

Samples: Exchange Agent Agreement (DPL Inc)

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