Money for Debt Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to any series of Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents with respect to any series of Debt Securities, it will, by or on each due date of the principal (and premium, if any) or interest on any Debt Securities of such series, deposit with any such Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless any such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. The Company will cause each Paying Agent with respect to any series of Debt Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:
Money for Debt Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to the Debt Securities of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest (including Additional Interest), if any, on any of such Debt Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest (including Additional Interest) so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly notify the Trustee of any failure by the Company (or any other obligor on such Debt Securities) to make any payment of principal of or premium, if any, or interest (including Additional Interest), if any, on such Debt Securities. Whenever the Company shall have one or more Paying Agents for the Debt Securities of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest (including Additional Interest), if any, on such Debt Securities, deposit with such Paying Agents sums sufficient (without duplication) to pay the principal and premium or interest (including Additional Interest) so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest (including Additional Interest), and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of any failure by it so to act. The Company shall cause each Paying Agent for the Debt Securities of any series, or any Tranche thereof, other than the Company or the Trustee, to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall:
Money for Debt Securities Payments to Be Held in Trust. (a) If the Issuer shall at any time act as its own Paying Agent with respect to any series of Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee in writing of its action or failure so to act.
Money for Debt Securities Payments to Be Held in Trust a. The Issuer and each of the Guarantors agrees, for the benefit of the Holders from time to time of the Debt Securities, that, until all of the Debt Securities of the applicable series are no longer outstanding or until moneys for the payment of all of the principal of (and premium, if any) and interest on all outstanding Debt Securities of such series shall have been made available at the principal office of the Paying Agents and paid to the Holders thereof or returned to the Issuer or to the applicable Guarantor pursuant to clause (i) of Section 1003, whichever occurs later, there shall at all times be a Paying Agent hereunder. The Issuer and each of the Guarantors agrees, for the benefit of the Holders from time to time of the Debt Securities of any series denominated in a Foreign Currency, that, until all of the Debt Securities of the applicable series are no longer outstanding or until moneys for the payment of all of the principal of (and premium, if any) and interest on all outstanding Debt Securities of such series denominated in a Foreign Currency shall have been made available at the principal office of the London Paying Agent and paid to the holders thereof or returned to the Issuer or to the applicable Guarantor pursuant to clause (i) of Section 1003, whichever occurs later, there shall at all times be a London Paying Agent hereunder (and such London Paying Agent, unless otherwise specified pursuant to Section 301, shall also act as Authenticating Agent for such series pursuant to Section 312). Unless otherwise specified in accordance with Section 301 with respect to any series of Debt Securities, the Issuer and Guarantors hereby appoint the Trustee, at present having an office at 000 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx, as its Principal Paying Agent in New York to the extent any series of Debt Securities are denominated in U.S. Dollars, and, to the extent any series of Debt Securities are listed on the Luxembourg Stock Exchange as provided in Section 000, Xxxxx Xxxxxxxxx Xxxx Xxxxxxxxxx S.A., at present having an office at 0 Xxx Xxxxxxx, X-0000 Xxxxxxxxxx, as its Luxembourg Paying Agent, and, to the extent any series of Debt Securities are denominated in euros as provided in Section 000, Xxx Xxxxx Xxxxxxxxx Xxxx, Xxxxxx Branch, at present having an office at Trinity Tower, 9 Xxxxxx Xxxx Street, London E1W 1YT, as its Principal Paying Agent with respect to such series, in respect of the Debt Securities, upon the terms and subject to the condi...
Money for Debt Securities Payments to Be Held in Trust. If the Issuer shall at any time act as its own Paying Agent with respect of Debt Securities, it will, on or before each Interest Payment Date and the Redemption Date, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the interest and principal so becoming due, respectively, until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Issuer shall have one or more Paying Agents it will, prior to each Interest Payment Date and the Redemption Date, deposit with any such Paying Agent a sum sufficient to pay the principal or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless any such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of its action or failure so to act. The Issuer will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will:
Money for Debt Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to any series of Debt Securities and Coupons, if any, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in trust for the benefit of the
Money for Debt Securities Payments to Be Held in Trust. Section 301, The Chase Manhattan Bank, London Branch, at present having an office at Trinity Tower, 9 Thomxx Xxxx Xxxeet, London E1W 1YT, as its Principal Paying Agent with respect to such series, in respect of the Debt Securities, upon the terms and subject to the conditions herein and therein set forth, it being understood that in their capacity as Paying Agents hereunder, The Chase Manhattan Bank, Chase Manhattan Bank Luxembourg S.A. and The Chase Manhattan Bank, London Branch, will perform their duties exclusively through their offices in New York, Luxembourg and London, respectively. The Paying Agents shall arrange for the payment, from funds furnished by the Issuer or either Guarantor to the applicable Paying Agents of the principal of (and premium, if any) and interest on each series of Debt Securities on the date such payments become due and payable. With respect to each series of Debt Securities for which The Chase Manhattan Bank, Chase Manhattan Bank Luxembourg S.A. and The Chase Manhattan Bank, London Branch, serve as Paying Agents, such Paying Agent shall have the powers and authority granted to and conferred upon them herein and in the notes or other instrument evidencing such series of Debt Securities. Any Paying Agent, Authenticating Agent or Securities Registrar appointed herein or otherwise specified in accordance with Section 301 with respect to any series of Debt Securities shall be afforded the rights and protections afforded the Trustee pursuant to Article Six.
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Money for Debt Securities Payments to Be Held in Trust. (a) If an Issuer or the Guarantor (in the case of Guaranteed Debt Securities) shall at any time act as its own Paying Agent with respect to any series of Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums
Money for Debt Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to any series of Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series and any appurtenant coupons, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents with respect to any series of Debt Securities, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Debt Securities of such series and any appurtenant coupons, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act.
