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 Collateral Trustee shall deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN

Appears in 2 contracts

Samples: Security and Pledge Agreement (Flag Telecom Holdings LTD), Security and Pledge Agreement (Flag Telecom Holdings LTD)

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Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee, in its capacity as Collateral Trustee shall deliver to the Trustee and the Trustee Agent, is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN126

Appears in 1 contract

Samples: Letter Agreement (Grupo TMM Sa)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee, in its capacity as Collateral Trustee shall deliver to the Trustee and the Trustee Agent, is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Grupo (TMM Holdings Sa De Cv)

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Trustee, in its capacity as Collateral Trustee shall deliver to the Trustee and the Trustee Agent, is authorized to receive any funds for the benefit of the Holders of Securities distributed 126 under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Indenture (Grupo TMM Sa)

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Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Trustee shall cause the Collateral Agent to deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Jamboree LLC

Authorization of Receipt of Funds by the Trustee Under the Collateral Documents. The Collateral Trustee shall cause the Collateral Agent to deliver to the Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities Notes distributed under this Indenture and the Collateral Documents, and to make further distributions of such funds to the Holders of Securities Notes according to the provisions of this Indenture and the Collateral Documents. 74 ARTICLE SEVENTEEN.

Appears in 1 contract

Samples: Collateral Agreement (Mortgage & Realty Trust)

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