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

Deposited Moneys to be Held in Trust. Subject to Section 13.04 hereof, all cash, Ordinary Shares or a combination thereof, as applicable, deposited with the Trustee pursuant to Section 13.01 hereof will be held in trust for the sole benefit of the Holders, and such cash, Ordinary Shares or a combination thereof, as applicable, will be applied by the Trustee, either directly or through the Paying Agent, to the payment of the obligation for which such cash, Ordinary Shares or a combination thereof, as applicable, have been deposited with the Trustee.

Appears in 4 contracts

Samples: Indenture (Jazz Pharmaceuticals PLC), Indenture (Jazz Pharmaceuticals PLC), Indenture (Jazz Pharmaceuticals PLC)

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Deposited Moneys to be Held in Trust. Subject to Section 13.04 hereof, all cash, Ordinary Shares or a combination thereof, as applicable, cash deposited with the Trustee pursuant to Section 13.01 hereof will be held in trust for the sole benefit of the Holders, and such cash, Ordinary Shares or a combination thereof, as applicable, cash will be applied by the Trustee, either directly or through the Paying Agent, to the payment of the obligation for which such cash, Ordinary Shares or a combination thereof, as applicable, have cash has been deposited with the Trustee.

Appears in 1 contract

Samples: Atlas Corp.

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