Common use of Withdrawal of Certain Trust Moneys Clause in Contracts

Withdrawal of Certain Trust Moneys. To the extent that any Trust Moneys consist of moneys received by the Trustee that result in the requirement pursuant to Section 3.09 of the Indenture that the Company redeem Notes and the Company has effected such redemption in accordance with the Indenture, the Trust Moneys remaining after such redemption has been effected may be withdrawn by the Company and released from the Lien of this Agreement and shall be paid by the Trustee to the Company upon receipt by the Trustee of (i) an Officers' Certificate certifying that all conditions precedent and covenants provided for herein and in the Indenture relating to such release have been complied with and (ii) such other documentation, if any, as shall be required under Section 314(d) of the TIA.

Appears in 8 contracts

Samples: Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc), Pledge Agreement (Pg&e National Energy Group Inc)

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Withdrawal of Certain Trust Moneys. To the extent that any Trust Moneys consist of moneys received by the Trustee that result in the requirement pursuant to Section 3.09 of the Indenture that the Company redeem Notes to make an Asset Sale Offer and the Company has effected made such redemption Asset Sale Offer in accordance with the IndentureIndenture which is not fully subscribed to by the Holders, the Trust Moneys remaining after completion of such redemption has been effected Asset Sale Offer may be withdrawn by the Company and released from the Lien of this Agreement and shall be paid by the Trustee to the Company upon receipt by the Trustee of (i) an Officers' Certificate certifying that all conditions precedent and covenants provided for herein and in the Indenture relating to such release have been complied with and (ii) such other documentation, if any, as shall be required under Section 314(d) of the TIA.

Appears in 2 contracts

Samples: Security Pledge and Intercreditor Agreement (Nutritional Sourcing Corp), Security Pledge and Intercreditor Agreement (Nutritional Sourcing Corp)

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