Common use of Government Obligations to Be Held in Trust; Other Miscellaneous Provisions Clause in Contracts

Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. (a) All money and U.S. Government Obligations (including the proceeds thereof) deposited with a trustee pursuant to Section 8.4 in respect of the Note shall be held in trust and applied by such trustee, in accordance with the provisions of the Note and this Agreement, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the trustee may determine, to the Holder of the Note of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 2 contracts

Samples: Loan Agreement (Startec Global Communications Corp), Loan Agreement (Startec Global Communications Corp)

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Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. (a) All money and U.S. Government Obligations (including the proceeds thereof) deposited with a trustee pursuant to Section 8.4 9.4 in respect of the Note Notes shall be held in trust and applied by such trustee, in accordance with the provisions of the Note such Notes and this Agreement, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the trustee may determine, to the Holder Holders of the Note such Notes of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Investment and Loan Agreement (Startec Global Communications Corp)

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Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. (a) All Subject to the provisions of Section 8.4, all money and U.S. Government Obligations government obligations (including the proceeds thereof) deposited with a trustee the Trustee pursuant to Section 8.4 13.4 in respect of the Note Notes shall be held in trust and applied by such trusteethe Trustee, in accordance with the provisions of the Note Notes and this AgreementIndenture, to the payment, either directly or through any Paying Agent (including the Company Issuer acting as its own Paying Agent) as the trustee Trustee may determine, to the Holder of the Note Noteholders, of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, but such money need not be segregated from other funds except to the extent required by law.

Appears in 1 contract

Samples: Indenture (Petrobras International Finance Co)

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