Trust Moneys has the meaning provided in Section 9.01 hereof.
Trust Moneys means all cash or cash equivalents received by the Trustee hereunder in respect of the Collateral (i) in exchange for the release of Collateral from the Lien of this Agreement, (ii) as proceeds of any sale or other disposition of all or any part of the Collateral by or on behalf of the Trustee or any collection, recovery, receipt, appropriation or other realization of or from all or any part of the Collateral pursuant to this Agreement or the other Security Documents or otherwise or (iii) otherwise as security for the Secured Obligations.
Trust Moneys means all cash or Cash Equivalents received by the Trustee:
Examples of Trust Moneys in a sentence
The proceeds of each collection, sale or other disposition and any cash constituting Trust Moneys withdrawn under this Section 8.01 shall be applied in accordance with Section 7.03 hereof.
A RESOLUTION OF THE BOARD, requesting the withdrawal and payment of a specified amount of Trust Moneys, and designating the Trust Moneys so to be withdrawn.
Trust Moneys shall be subject to a Lien in favor of the Trustee and shall be held by the Trustee for the benefit of the Holders as a part of the Collateral.
Any proceeds, award or payment in respect of any Taking shall constitute Trust Moneys and are hereby assigned and shall be paid to Mortgagee.
Each such advance shall be reimbursed, with interest from the date such advance was made at the rate per annum then borne by the Notes, by the Company, upon demand by the Trustee, and if the Company fails to comply with any such demand, out of Trust Moneys.
More Definitions of Trust Moneys
Trust Moneys means moneys that are paid and entrusted to a practitioner or a firm of practitioners or to a clerk, servant or agent of a practitioner or firm of practitioners, in the course of legal practice for the use or benefit of a person or persons other than the practitioner or firm of practitioners, but so as to be under the exclusive control of the practitioner or firm of practitioners.
Trust Moneys means all cash or Cash Equivalents received by the Collateral Agent (a) as Net Cash Proceeds received by the Company and its Recourse Subsidiaries from Asset Sales to be subject to the Lien of the Security Documents in accordance with the covenants and agreements set forth in Section 6.15; (b) as Condemnation Awards with respect to all or any part of the Collateral; (c) as Net Insurance Proceeds with respect to all or any part of the Collateral; (d) as proceeds from the issuance of Securities to the extent provided in Section 6.9; (e) as proceeds of any other sale or other disposition of all or any part of the Collateral by or on behalf of the Collateral Agent or any collection, recovery, receipt, appropriation or other realization of or from all or any part of the Collateral pursuant to the Security Documents or otherwise; (f) for application under Article XIII as elsewhere provided in this Indenture or the Security Documents or whose disposition is not elsewhere specifically provided for in the Indenture or the Security Documents; provided, however, that Trust Moneys shall not include any property deposited with the Trustee pursuant to Article IV or XIV or Section 5.6 or delivered to or received by the Trustee for application in accordance with Section 8.6 hereof. Trust Moneys shall be held by the Trustee for the benefit of the Holders of Securities of all series as a part of the Collateral and, upon any entry upon or sale or other disposition of the Collateral or any part thereof pursuant to the Security Documents, said Trust Moneys shall be applied in accordance with Section 8.6; but prior to any such entry, sale or other disposition, all or any part of the Trust Money may be withdrawn, and shall be released, paid or applied by the Trustee, from time to time as provided in Article XIII.
Trust Moneys. Defined. All cash or cash equivalents received by the Trustee or the Collateral Agent on behalf of the Trustee:
Trust Moneys in relation to any trustee means moneys received for or on behalf of any other person by the trustee in the course of or in connection with the practice of the person’s profession or the carrying on of the person’s business.
Trust Moneys means, with respect to the Bonds, all moneys, except in payment of fees due to the Trustee for services under the Indenture, received by the Trustee:
Trust Moneys. Defined. All cash or cash equivalents received by the Trustee or the Collateral Trustee on behalf of the Trustee, in each case, consistent with and not in contravention of the Intercreditor Agreement:
(1) upon the release of Collateral from the Lien of this Indenture and the Collateral Documents, including all moneys received in respect of the principal of all purchase money, governmental and other obligations;
(2) as compensation for, or proceeds of sale of, any part of the Collateral taken by eminent domain or purchased by, or sold pursuant to an order of, a governmental authority or otherwise disposed of; or
(3) as proceeds of insurance upon any part of the Collateral (other than any liability insurance proceeds payable to the Trustee or the Collateral Trustee for any loss, liability or expense incurred by it); (all such moneys being herein sometimes called “Trust Moneys”), shall be held by the Trustee (or the Collateral Trustee as the agent of the Trustee) for the benefit of the Holders of Securities as a part of the Collateral, shall be held in United States dollars or U.S. dollar denominated obligations, and, upon any entry upon or sale of the Collateral or any part thereof pursuant to this Article XIII hereof or the Collateral Documents, in each case, subject to the Intercreditor Agreement, said Trust Moneys shall be applied, subject to the Intercreditor Agreement, in accordance with the Collateral Agreement; but, prior to any such entry or sale, all or any part of the Trust Moneys may be withdrawn, and shall be released, paid or applied by the Trustee or the Collateral Trustee, as appropriate, from time to time as provided in Sections 13.10 to 13.13, inclusive, and may be applied by the Trustee as provided in Section 13.15(b).