Common use of Deposited Funds to be Held in Trust Clause in Contracts

Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company or Guarantor, as applicable, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.

Appears in 8 contracts

Samples: Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp), Indenture (MARRIOTT VACATIONS WORLDWIDE Corp)

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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 12.02 or 11.03 12.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company or Guarantor, as applicable, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 12.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.

Appears in 4 contracts

Samples: ADT, Inc., ADT, Inc., ADT Corp

Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 Section 15.02 or 11.03 15.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company Issuers or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company Issuers or Guarantor, as applicable, shall pay and indemnify the Trustee against any loss, tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 15.03 or the principal and interest received in respect thereof other than any such loss, tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.

Appears in 3 contracts

Samples: Prime Security Services (ADT Inc.), Indenture (ADT Inc.), Prime Security Services (ADT Inc.)

Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 Section 15.02 or 11.03 15.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company Issuer or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company Issuer or Guarantor, as applicable, shall pay and indemnify the Trustee against any loss, tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 15.03 or the principal and interest received in respect thereof other than any such loss, tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.

Appears in 1 contract

Samples: Intercreditor Agreement (ADT Inc.)

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Deposited Funds to be Held in Trust. All funds or Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 13.02 or 11.03 13.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent, including the Company or any Guarantor, as applicable, acting as its own paying agent, to the holders of the particular series of Securities for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. The Company or Guarantor, as applicable, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Obligations deposited pursuant to Section 11.03 13.03 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Securityholders of Outstanding Securities.

Appears in 1 contract

Samples: Indenture (ADT, Inc.)

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