Common use of Money for Note Payments to Be Held in Trust Clause in Contracts

Money for Note Payments to Be Held in Trust. If the Obligor shall at any time act as its own Paying Agent, it will, on or before each due date of the principal, premium, if any, or interest on any series of Notes, segregate and hold in trust for the benefit of the Holders of such series of Notes a sum sufficient to pay such principal, premium or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Obligor shall have one or more Paying Agents, it will, on or prior to each due date of the principal, premium, if any, or interest, on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, premium, or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series entitled to the same and (unless such Paying Agent is the Trustee) the Obligor will promptly notify the Trustee of its action or failure so to act. The Obligor 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 9.03, that such Paying Agent will:

Money for Note Payments to Be Held in Trust. If the Obligor shall at any time act as its own Paying Agent, it will, on or before each due date of the principal, premium, if any, or interest on any series of the Notes, segregate and hold in trust for the benefit of the Holders of such series of the Notes a sum sufficient to pay such principal, premium or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Obligor shall have one or more Paying Agents, it will, on or prior to each due date of the principal, premium, if any, or interest, on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, premium, or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series entitled to the same and (unless such Paying Agent is the Trustee) the Obligor will promptly notify the Trustee of its action or failure so to act. The Obligor 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 9.03Section, that such Paying Agent will:

Money for Note Payments to Be Held in Trust. If the Obligor Issuer shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal, principal of (or premium, if any, ) or interest on any series of the Notes, segregate and hold in trust for the benefit of the Holders of such series of Notes Persons entitled thereto a sum sufficient to pay such principalthe principal of (or premium, premium if any) or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series Persons or otherwise disposed of as herein provided, provided and will shall promptly notify the Trustee of its action or failure so to act. Whenever the Obligor Issuer shall have one or more Paying AgentsAgents for the Notes, it willshall, on or prior to before each due date of the principal, principal of (or premium, if any, ) or interest, interest on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series Persons entitled to the same such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Obligor will Issuer shall promptly notify the Trustee of its such action or any failure so to act. The Obligor will Issuer shall cause each Paying Agent (other than the Trustee 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 9.03, that such Paying Agent willshall:

Money for Note Payments to Be Held in Trust. If the Obligor Issuer shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal, principal of (or premium, if any, ) or interest on any series of the Notes, segregate and hold in trust for the benefit of the Holders of such series of Notes persons entitled thereto a sum sufficient to pay such principalthe principal of (or premium, premium if any) or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series persons or otherwise disposed of as herein provided, provided and will shall promptly notify the Trustee of its action or failure so to act. Whenever the Obligor Issuer shall have one or more Paying AgentsAgents for the Notes, it willshall, on or prior to before each due date of the principal, principal of (or premium, if any, ) or interest, interest on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series persons entitled to the same such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Obligor will Issuer shall promptly notify the Trustee of its such action or any failure so to act. The Obligor will Issuer shall cause each Paying Agent (other than the Trustee 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 9.03, that such Paying Agent willshall:

Money for Note Payments to Be Held in Trust. If the Obligor Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal, premium, if any, or interest on any series of Notes, segregate and hold in trust for the benefit of the Holders of such series of Notes a sum sufficient to pay such principal, premium or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Obligor Company shall have one or more Paying Agents, it will, on or prior to each due date of the principal, premium, if any, or interest, on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, premium, or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series entitled to the same and (unless such Paying Agent is the Trustee) the Obligor Company will promptly notify the Trustee of its action or failure so to act. The Obligor Company 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 9.03, that such Paying Agent will:

Money for Note Payments to Be Held in Trust. If the Obligor Issuer shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal, principal of (or premium, if any, ) or interest on any series of the Notes, segregate and hold in trust for the benefit of the Holders of such series of Notes Persons entitled thereto a sum sufficient to pay such principalthe principal of (or premium, premium if any) or interest so becoming due until such sums shall be paid to such Holders of the Notes of such series Persons or otherwise disposed of as herein provided, provided and will shall promptly notify the Trustee of its action or failure so to act. Whenever the Obligor Issuer shall have one or more Paying AgentsAgents for the Notes, it willshall, on or prior to before each due date of the principal, principal of (or premium, if any, ) or interest, interest on any series of Notes, deposit with a Paying Agent a sum sufficient to pay such principal, the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Holders of the Notes of such series Persons entitled to the same such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Obligor will Issuer shall promptly notify the Trustee of its such action or any failure so to act. The Obligor will Issuer shall cause each Paying Agent (other than the Trustee 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 9.03903, that such Paying Agent willshall: