Common use of Application by Trustee of Funds Deposited for Payment of Securities Clause in Contracts

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 28 contracts

Samples: Plum Creek (Plum Creek Timber Co Inc), Indenture (Con-Way Inc.), Indenture (Wynn Resorts LTD)

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Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.410.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 10.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 22 contracts

Samples: Indenture (Morgan Stanley Capital Trust XI), Indenture (E Trade Financial Corp), Morgan Stanley Capital Trust XI

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series Series and of any Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 8 contracts

Samples: Indenture (Joy Global Inc), Joy Global Inc, Indenture (Kellogg Co)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 5 contracts

Samples: Indenture (Illinois Power Co), Indenture (Metromedia Fiber Network Inc), Texas Gas Transmission Corp

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 3.8 or 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series Series and of any Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 5 contracts

Samples: Satisfaction And (Enhance Financial Services Group Inc), Satisfaction And (Enhance Financial Services Group Inc), Satisfaction And (Enhance Financial Services Group Inc)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption or repurchase of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 4 contracts

Samples: Indenture (Kaufman & Broad Home Corp), Indenture (Kaufman & Broad Home Corp), Indenture (Kaufman & Broad Home Corp)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto Series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 3 contracts

Samples: Indenture (Office Depot Inc), Indenture (FMC Corp), Wellpoint Health Networks Inc /Ca/

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 3 contracts

Samples: Indenture (Stem, Inc.), Indenture (PayPal Holdings, Inc.), Indenture (Shapeways Holdings, Inc.)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.410.04, all moneys monies deposited with the Trustee (or other trustee) pursuant to Section 10.1 10.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys monies have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 3 contracts

Samples: Subordinated Indenture (Abn Amro Bank Nv), Abn Amro Bank Nv, Abn Amro Bank Nv

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer acting as its own paying agentPaying Agent), to the Holders holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 3 contracts

Samples: Weirton Steel Corp, Weirton Steel Corp, Weirton Steel Corp

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.410.4 hereof, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 hereof shall be held in trust and applied applied, by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and Change of Control purchase price, premium, if any, and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Indenture (NRG Energy Inc), Indenture (NRG Energy Inc)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and Securities deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys or Securities have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money moneys or Securities need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Indenture (Sysco Corp), Sysco Corp

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.410.6, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 Sections 10.1, 10.2 or 10.3 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Indenture (Smart Balance, Inc.), Indenture (Smart Balance, Inc.)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or for other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Indenture (McKesson Corp), McKesson Financing Trust Iv

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 in respect of the Outstanding Securities of a particular series and the Coupons appertaining thereto shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular such Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (United States Cellular Corp)

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Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.8, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 or 9.5 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal principal, interest and interestAdditional Amounts; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Tyco International Group S A)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section Sections 6.7 and 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Cbocs Sierra Inc)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including other than the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption or repurchase of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Kaufman & Broad Home Corp

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for fo principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Healthsouth Corp)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.4, all moneys and Securities deposited with the Trustee (or other trustee) pursuant to Section 10.1 shall will be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer Company acting as its own paying agentPaying Agent), to the Holders of the particular Securities of such series and of any Coupons appertaining thereto for the payment or redemption of which such moneys or Securities have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money moneys or Securities need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Ecolab Inc)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.48.04 and to the subordination provisions of Article 11 hereof, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 8.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer Company acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Choice One Communications Inc

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.8, all moneys monies and obligations and proceeds thereof deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 or 9.5 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys monies and obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Crane Co /De/)

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.8, all moneys and obligations and proceeds thereof deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 or 9.5 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys and obligations have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Crane Co /De/

Application by Trustee of Funds Deposited for Payment of Securities. Subject to Section 10.49.8, all moneys deposited with the Trustee (or other trustee) pursuant to Section 10.1 9.1 or 9.5 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series and of Coupons appertaining thereto for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law. Moneys so held in trust shall not be subject to the provisions of Article Twelve.

Appears in 1 contract

Samples: Indenture (Tyco International LTD /Ber/)

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