Common use of Application of Trust Assets Clause in Contracts

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.1. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, to the payment of principal of and interest on the Securities.

Appears in 2 contracts

Samples: Indenture (Transtexas Gas Corp), Indenture (Transtexas Gas Corp)

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Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.1. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, to the payment of principal of and interest on the SecuritiesNotes.

Appears in 2 contracts

Samples: Indenture (Transamerican Refining Corp), Transamerican Refining Corp

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations Securities deposited with it in the irrevocable trust established pursuant to Section 8.18.1 or 8.2. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government ObligationsSecurities, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, to the payment of principal of and interest on the SecuritiesNotes.

Appears in 1 contract

Samples: Transamerican Refining Corp

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable defeasance trust established pursuant to Section 8.18.1 hereof. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary Affiliate of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, if any, to the payment of principal of of, premium, if any, and interest on the SecuritiesDebentures.

Appears in 1 contract

Samples: Mercury Air Group Inc

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it pursuant to this Article Eight in the irrevocable trust established pursuant to Section 8.18.01 or 8.02. The Trustee shall apply the deposited U.S. Legal Tender or the U.S. Government Obligations, together with earnings thereon, either directly or through the Paying Agent (other than the Company or any Subsidiary of the Company)Agent, in accordance with this Indenture and the terms of the irrevocable trust agreement, to the payment of principal of and interest on the Securities.. The U.S. Legal Tender or

Appears in 1 contract

Samples: Packaged Ice Inc

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.19.1. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than which may not for purposes of Article IX be the Company or any Subsidiary Affiliate of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreementSecurities, to the payment of principal of and interest on the Securities.

Appears in 1 contract

Samples: Pledge Agreement (Capital Gaming International Inc /Nj/)

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.18.1 hereof. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary Affiliate of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, if any, to the payment of principal of of, premium, if any, and interest on the SecuritiesDebentures.

Appears in 1 contract

Samples: Healthcare Realty Trust Inc

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Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations obligations deposited with it in the irrevocable trust established pursuant to Section 8.19.1. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than which may not for purposes of Article IX be the Company or any Subsidiary Affiliate of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreementSecurities, to the payment of principal of and interest on the Securities.

Appears in 1 contract

Samples: Indenture (Elsinore Corp)

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.19.4. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary of the Company)Agent, in accordance with this Indenture and the terms of the irrevocable trust agreementSecurities, to the payment of principal of of, and interest on on, the Securities.

Appears in 1 contract

Samples: Indenture (Hammond Residential LLC)

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.18.4. The Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, through the Paying Agent (other than the Company or any Subsidiary Affiliate of the Company), in accordance with this Indenture and the terms of the irrevocable trust agreement, to the payment of principal of and interest on the Securities.

Appears in 1 contract

Samples: Indenture (Us Foodservice/Md/)

Application of Trust Assets. The Trustee shall hold any U.S. Legal Tender or U.S. Government Obligations deposited with it in the irrevocable trust established pursuant to Section 8.18.1 hereof. The Subject to Article Ten, the Trustee shall apply the deposited U.S. Legal Tender or U.S. Government Obligations, together with earnings thereon, thereon through the Paying Agent (other than the Company or any Subsidiary of the Company), and in accordance with this Indenture and the terms of the irrevocable trust agreement, agreement to the payment of principal of and interest on the Securitiessecurities.

Appears in 1 contract

Samples: Indenture (World Color Press Inc /De/)

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