Common use of Money for Security Payments to be Held in Trust Clause in Contracts

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 204 contracts

Samples: Junior Subordinated Indenture (Levitt Corp), Junior Subordinated Indenture (Macon Financial Corp.), Junior (American Equity Investment Life Holding Co)

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Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of (and any premium premium, if any) or interest (including any Additional Interest) on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and any premium premium, if any) or interest (including Additional 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 failure so to act.

Appears in 9 contracts

Samples: Junior Subordinated Indenture (American Safety Insurance Group LTD), Allegiant Capital Trust I, Allegiant Bancorp Inc

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the SecuritiesSenior Notes, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the SecuritiesSenior Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 3 contracts

Samples: Indenture (Novastar Financial Inc), Indenture (Novastar Financial Inc), Novastar Financial Inc

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Increased Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium or interest (including Additional Increased 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 failure so to act.

Appears in 3 contracts

Samples: Temecula Valley Bancorp Inc, Temecula Valley Bancorp Inc, First Chester County Corp

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Bnccorp Inc), Vib Corp

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the for any series of Securities, it will, on or before each due date of the principal of (and any premium premium, if any) or interest (including on, any Additional Interest) on of the SecuritiesSecurities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and any premium premium, if any) or interest (including Additional 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.

Appears in 2 contracts

Samples: Ccci Capital Trust Iii, Diamond Offshore Drilling Inc

Money for Security Payments to be Held in Trust. (a) If the Company or any of its Restricted Subsidiaries shall at any time act as its own Paying Agent with respect to the Securitieshereunder, it willshall, on or before each due date of the principal of (and any premium premium, if any) or interest (including and Special Interest, if any, on any Additional Interest) on of the SecuritiesNotes, segregate and hold in trust for the benefit of the Persons Person entitled thereto a sum sufficient to pay the principal (and any premium premium, if any) or interest (including Additional Interest) so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will shall promptly notify the Trustee in writing of its action or failure so to act.

Appears in 2 contracts

Samples: Indenture (Ainsworth Lumber Co LTD), Indenture (Ainsworth Lumber Co LTD)

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit on behalf of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 1 contract

Samples: Flagstone Reinsurance Holdings LTD

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 1 contract

Samples: Indenture (RAIT Financial Trust)

Money for Security Payments to be Held in Trust. (a) If the Company or any of the Restricted Subsidiaries shall at any time act as its own Paying Agent with respect to the Securitieshereunder, it willshall, on or before each due date of the principal of (and any premium premium, if any) or interest (including and Special Interest, if any, on any Additional Interest) on of the SecuritiesNotes, segregate and hold in trust for the benefit of the Persons Person entitled thereto a sum sufficient to pay the principal (and any premium premium, if any) or interest (including Additional Interest) so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will shall promptly notify the Trustee in writing of its action or failure so to act.

Appears in 1 contract

Samples: Indenture (Russel Metals Inc)

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 1 contract

Samples: Mason Dixon Capital Trust Ii

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Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium or interest (including Additional Interest) so becoming due until such sums shall be paid to such Persons or EXHIBIT D otherwise disposed of as herein provided, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 1 contract

Samples: Trust Agreement (Hanmi Financial Corp)

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium premium, if any, or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium premium, if any, or interest (including Additional 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 failure so to act.

Appears in 1 contract

Samples: Windrose Medical Properties Trust

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of (and any premium premium, if any) or interest (including any Additional Interest) on any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee in writing of its failure so to act.

Appears in 1 contract

Samples: Provident Trust Ii

Money for Security Payments to be Held in Trust. (ai) If the Company shall at any time act as its own Paying Agent with respect to the Securities, it will, on or before each due date of the principal of and any premium or interest (including any Additional Interest) on the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any 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, and will promptly notify the Trustee Holders in writing of its failure so to act.

Appears in 1 contract

Samples: Note Purchase Agreement (Validus Holdings LTD)

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the any series of Securities, it will, on or before each due date of the principal of and of, any premium or interest (including on or any Additional Interest) on Amounts with respect to any of the SecuritiesSecurities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium premium, interest or interest (including Additional Interest) Amounts 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.

Appears in 1 contract

Samples: MRM Capital Trust Iii

Money for Security Payments to be Held in Trust. (a) If the Company shall at any time act as its own Paying Agent with respect to the any series of Securities, it will, on or before each due date of the principal of (and any premium premium, if any) or interest (including on any Additional Interest) on of the SecuritiesSecurities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and any premium premium, if any) or interest (including Additional 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 failure so to act.

Appears in 1 contract

Samples: Chittenden Capital Trust I

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