Authorization of Receipt of Funds by the Trustee. Under the Security Documents. The Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture and the Security Documents.
Authorization of Receipt of Funds by the Trustee. Under the Collateral Documents. The Trustee is authorized and required to receive any funds for the benefit of the Holders of Notes distributed under the Collateral Documents, and to make further distributions of such funds to the Holders of Notes according to the provisions of this Indenture and the Collateral Documents.
Authorization of Receipt of Funds by the Trustee. The Collateral Agent is authorized to receive any funds for the benefit of the Trustee and the Holders of the Notes distributed under the Security Documents and to make further distributions of such funds to the Trustee for further distribution to the Holders of the Notes according to the provisions of the Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Pledge Agreement. The Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under the Pledge Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Security Documents 98 Section 10.08. Release of Security 98
Authorization of Receipt of Funds by the Trustee. UNDER THE SECURITY DOCUMENTS. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Authorization of Receipt of Funds by the Trustee. Under the Collateral Documents 112115
Authorization of Receipt of Funds by the Trustee. Under the ---------------------------------------------------------- Security Documents. ------------------ The Trustee is authorized to receive in its own name or through any Joint Collateral Agent or Escrow Agent any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture. SECTION 1308. Duties of Trustee, Joint Collateral Agent and Escrow Agent. ---------------------------------------------------------- The powers conferred upon the Trustee, the Joint Collateral Agent and the Escrow Agent by this Article Thirteen are solely to protect their interests and the interest of the Holders in the Collateral and shall not impose any duty upon the Trustee, the Joint Collateral Agent or the Escrow Agent to exercise any such powers except as expressly provided in this Indenture and in the Security Documents. The Trustee, the Joint Collateral Agent and the Escrow Agent shall be under no duty whatsoever to make or give any presentment, demand for performance, notice of nonperformance, protest, notice of protest, notice of dishonor, or other notice or demand in connection with any Collateral, or to take any steps necessary to preserve any rights against prior parties except as expressly provided in this Indenture and the Security Documents. None of the Trustee, the Joint Collateral Agent, or the Escrow Agent shall be liable to any Person, except for their negligence (gross negligence in the case of the Escrow Agent and the Joint Collateral Agent) or wilful misconduct, for failure to collect or realize upon any and all of the Collateral, or for any delay in so doing nor shall the Trustee, the Joint Collateral Agent and the Escrow Agent be under any duty to take any action whatsoever with regard thereto except as expressly provided in this Indenture and in the Security Documents. The Trustee, the Joint Collateral Agent and the Escrow Agent shall have no duty to comply with any recording, filing, or other legal requirements necessary to establish or maintain the validity, priority or enforceability of, or the Trustee's, Joint Collateral Agent's or the Escrow Agent's rights in or to, any of the Collateral except as expressly provided in this Indenture and in the Security Documents. ----------------------- -152- This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all su...
Authorization of Receipt of Funds by the Trustee. Under the Escrow Agreement. The Trustee is authorized to receive any funds for the benefit of the Holders of Securities disbursed under the Escrow Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture.
Authorization of Receipt of Funds by the Trustee. Under the Pledge Agreement 106 Section 11.08. Termination of Security Interest 106 Section 11.09. Collateral Agent 107 Section 11.10. Successor Collateral Agent 107
