Common use of Application of Money Collected by Trustee Clause in Contracts

Application of Money Collected by Trustee. Any money or other property collected by the Trustee pursuant to Section 6.02 with respect to Debt Securities of any series or, after an Event of Default, any money or other property distributable in respect of the Partnership’s obligations under this Indenture shall be applied, in the order following, at the date or dates fixed by the Trustee for the distribution of such money or other property, upon presentation of the several Debt Securities of such series in respect of which money or other property have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

Appears in 3 contracts

Samples: Indenture (MPLX Lp), Indenture (MPLX Lp), Indenture (MPLX Lp)

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Application of Money Collected by Trustee. Any money or other property collected by the Trustee pursuant to Section 6.02 with respect to Debt Securities and Coupons, if any, of any series or, after an Event of Default, any money or other property distributable in respect of the Partnership’s obligations under this Indenture shall be applied, after giving effect to the provisions of Article XII, if applicable, in the order following, at the date or dates fixed by the Trustee for the distribution of such money or other property, upon presentation of the several Debt Securities or Coupons of such series in respect of which money or other property have been collected, and the notation thereon of the payment, if only partially paid, and upon surrender thereof if fully paid:

Appears in 2 contracts

Samples: Pioneer Natural Resources Co, Pioneer Natural Resources Co

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