Common use of Authorization of Receipt of Funds by the Trustee Under the Collateral Documents Clause in Contracts

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders of Outstanding Notes distributed under the Collateral Documents, and to make further distributions or such funds to the holders of Outstanding Notes according to the provisions of this Indenture and the Collateral Documents.

Appears in 3 contracts

Samples: Indenture (MGM Mirage), Indenture (MGM Mirage), Indenture (MGM Grand Inc)

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Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive in its own name or through any Collateral Agent any funds for the benefit of the holders of Outstanding Notes Holders distributed under the Collateral Documents, and to make further distributions or of such funds to the holders of Outstanding Notes Holders according to the provisions of this Indenture and the Collateral DocumentsIndenture.

Appears in 2 contracts

Samples: Supplemental Indenture (Prime Hospitality Corp), Indenture (Prime Hospitality Corp)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders of Outstanding Notes Holders distributed under the Collateral Documents, to apply such funds as provided in this Indenture and the Collateral Documents, and to make further distributions or of such funds to the holders of Outstanding Notes according to Holders in accordance with the provisions of this Indenture Article 11 and the Collateral Documentsother provisions of this Indenture.

Appears in 2 contracts

Samples: RBX Corp, Amm Holdings Inc

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders of Outstanding Notes Securityholders distributed under the Collateral Documents, and to make further distributions or of such funds to the holders of Outstanding Notes Securityholders according to the provisions of this Indenture and the Collateral Documents.

Appears in 2 contracts

Samples: Indenture (Resort Investment LLC), Mentus Media Corp

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders of Outstanding Notes Holders distributed under the Collateral Documents, and to make further distributions or of such funds to the holders of Outstanding Notes Holders according to the provisions of this Indenture and the Collateral Documents. SECTION 11.7.

Appears in 1 contract

Samples: Menasco Aerosystems Inc

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders Holders of Outstanding Notes distributed disbursed under the Collateral Documents, and to make further distributions or of such funds to the holders Holders of Outstanding Notes according to the provisions of this Indenture and the Collateral DocumentsIndenture.

Appears in 1 contract

Samples: Indenture (Convergent Communications Inc /Co)

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Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders Holders of Outstanding Notes distributed under the Collateral Documents, and to make further distributions or such funds to the holders Holders of Outstanding Notes according to the provisions of this Indenture and the Collateral Documents.

Appears in 1 contract

Samples: MGM Mirage

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to receive any funds for the benefit of the holders of Outstanding Notes Holders distributed under the Collateral Documents, to apply such funds as provided in this Indenture and the Collateral Documents, and to make further distributions or of such funds to the holders of Outstanding Notes according to Holders in accordance with the provisions of this Indenture Article 11 and the Collateral Documents.other provisions of this Indenture. 71 77

Appears in 1 contract

Samples: RBX Corp

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee is authorized to for the Holders of any Series of Notes shall receive any funds for the benefit of such Holders in respect of the holders enforcement of Outstanding Notes distributed under Liens granted pursuant to the Collateral DocumentsPledge Agreement, and to make further distributions or of such funds to the holders of Outstanding Notes according to funds, in accordance with the provisions of the Intercreditor Agreement and this Indenture and the Collateral DocumentsIndenture.

Appears in 1 contract

Samples: Standard Pacific Corp /De/

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