Money for Certificate Payments to Be Held in Trust. (a) All moneys deposited with any Paying Agent for the purpose of any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section 7.13. Moneys so deposited and held in trust shall constitute a separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited.
Appears in 2 contracts
Samples: Trust Agreement (Royal Ahold), Trust Agreement (Royal Ahold)
Money for Certificate Payments to Be Held in Trust. (a) All moneys deposited with any Paying Agent for the purpose of any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section 7.13Section. Moneys so deposited and held in trust shall constitute a separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited.
Appears in 2 contracts
Samples: Trust Agreement (Continental Airlines Inc /De/), Trust Agreement (America West Airlines Inc)
Money for Certificate Payments to Be Held in Trust. (a) All moneys deposited with any Paying Agent for the purpose of any payment on Certificates shall be deposited and held in trust for the benefit of the Certificateholders entitled to such payment, subject to the provisions of this Section 7.13. Moneys so deposited and held in trust shall constitute a separate trust fund for the benefit of the Certificateholders with respect to which such money was deposited. such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.
Appears in 1 contract
Samples: Trust Agreement (Atlas Air Inc)
