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

Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee under Section 7.06; SECOND: to the payment of the amounts then due and unpaid for principal of, the Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of, and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; and

Appears in 1 contract

Samples: Carbonite Inc

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Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee Trustee, including its agents and counsel, under Section 7.06this Indenture; SECOND: to the payment of (i) the amounts then due and unpaid on the Notes for principal ofprincipal, the Redemption Price (if applicable), the Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of), and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and interest (ii) Special Interest, if any, on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; andand THIRD: to the Company.

Appears in 1 contract

Samples: Indenture (Itron, Inc.)

Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee Trustee, including its agents and counsel, under Section 7.06; SECOND: to the payment of the amounts then due and unpaid for principal ofprincipal, the Redemption Price (if applicable), the Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of), and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; andand THIRD: to the Company.

Appears in 1 contract

Samples: Indenture (MARRIOTT VACATIONS WORLDWIDE Corp)

Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee Trustee, including its agents and counsel, under Section 7.06this Indenture; SECOND: to the payment of the amounts then due and unpaid on the Notes for principal ofprincipal, the Redemption Price (if applicable), the Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of), and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; andand THIRD: to the Company.

Appears in 1 contract

Samples: Indenture (CONMED Corp)

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Application of Monies Collected by Trustee. Any monies collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee Trustee, including its agents and counsel, under Section 7.06this Indenture; SECOND: to the payment of (i) the amounts then due and unpaid on the Notes for principal ofprincipal, the Redemption Price (if applicable), the Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of), and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and (ii) interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; andand THIRD: to the Company.

Appears in 1 contract

Samples: Indenture (TechTarget Inc)

Application of Monies Collected by Trustee. Any monies or property collected by the Trustee pursuant to this Article 6 with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee for the distribution of such monies, upon presentation of the several Notes, and stamping thereon the payment, if only partially paid, and upon surrender thereof, if fully paid: FIRST: to the payment of all amounts due the Trustee Trustee, including its agents and counsel, under Section 7.06; SECOND: to the payment of the amounts then due and unpaid for principal of, the Redemption Price, Repurchase Price and Fundamental Change Repurchase Price (if applicable) of, the Redemption Price (if applicable) of, and/or satisfaction of the Conversion Obligation with respect to all Notes that have been converted, and interest on the Notes in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes; andand THIRD: to the Company. Section 6.06

Appears in 1 contract

Samples: Indenture (Hope Bancorp Inc)

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