Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or 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 or 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 it will, prior to 10:00 am on each due date of the principal of or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or 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 or premium, if any, 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. The 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, that such Paying Agent will:
Appears in 5 contracts
Samples: Indenture (Peabody Energy Corp), Indenture (Peabody Energy Corp), Cottonwood Land Co
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or premium, if any, or interest on, on any 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 or 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 Agents, it will, prior to 10:00 am a.m. Richmond, Virginia time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The Company will cause each Paying Agent other than the Trustee to execute and deliver make available for delivery 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:
Appears in 4 contracts
Samples: Resource Capital Trust I, Guaranty Capital Trust I, Highlands Capital Trust I
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 4 contracts
Samples: Indenture (CFP Holdings Inc), Valujet Inc, Breed Technologies Inc
Money for Security Payments to be Held in Trust. If the Company Issuer shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such 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 Company Issuer shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will Issuer shall promptly notify the Trustee of its such action or any failure so to act. The Company 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 SectionSection 903, that such Paying Agent willshall:
Appears in 4 contracts
Samples: Indenture (Level 3 Parent, LLC), Agreement (Level 3 Parent, LLC), Indenture (Level 3 Parent, LLC)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of or premium, if any, or interest on, 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 or 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 shall promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, or interest, interest and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The Company will shall 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 SectionSection 1003, that such Paying Agent willshall:
Appears in 4 contracts
Samples: Indenture (Cablevision Systems Corp /Ny), Indenture (CSC Holdings Inc), Indenture (CSC Holdings Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 shall promptly notify the Trustee of its action or failure so to act. Whenever If the Company shall have one or more is not acting as Paying Agents it willAgent, prior to the Company shall, before 10:00 am a.m. New York City time on each due date of the principal of of, premium, if any, or interest oninterest, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, interest and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The If the Company will is not acting as Paying Agent, the Company shall 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 willshall:
Appears in 4 contracts
Samples: Security Agreement (Pioneer Companies Inc), Security Agreement (Pioneer Companies Inc), Security Agreement (Pioneer Companies Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, on or prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a such Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (Cypress Semiconductor Corp /De/), Indenture (Veritas Software Corp), Vantive Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of or (and premium, if any, on) or interest on, 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 or (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, 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 for the Securities, it will, prior to 10:00 am on or before 12:00 noon on each due date of the principal of (and premium, if any, on), or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 3 contracts
Samples: Indenture (Flores & Rucks Inc /De/), Ocean Energy Inc, Ocean Energy Inc
Money for Security Payments to be Held in Trust. If the Company Issuer shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such 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 Company Issuer shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will Issuer shall promptly notify the Trustee of its such action or any failure so to act. The Company 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 SectionSection 903, that such Paying Agent willshall:
Appears in 3 contracts
Samples: Indenture (Level 3 Parent, LLC), Agreement (Level 3 Parent, LLC), Offering Proceeds Note Guarantee Agreement (Level 3 Parent, LLC)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am a.m. California time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 SectionSection 10.3, that such Paying Agent will:
Appears in 3 contracts
Samples: PCC Capital I, Pacific Crest Capital Inc, Greater Bay Bancorp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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 Agents, it will, prior to 10:00 am a.m. Rocky Mountain time, on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 SectionSection 10.3, that such Paying Agent will:
Appears in 3 contracts
Samples: Fib Capital Trust, Fib Capital Trust, First Interstate Bancsystem of Montana Inc
Money for Security Payments to be Held in Trust. If the Company Bank shall at any time act as its own Paying AgentAgent for any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, any 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 or (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 notify, and in any event within ten (10) Business Days, the Trustee of its action or failure to so to act. Whenever the Company Bank shall have one or more Paying Agents for any series of Securities, it will, on or prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, any SecuritiesSecurities of such series, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or (and premium, if any, ) or interest, and (unless such Paying Agent is the Trustee) the Company Bank will promptly notify notify, and in any event within ten (10) Business Days, the Trustee of its action or failure to so to act. The Company Bank will cause each Paying Agent other than the Trustee for any series of Securities 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:
Appears in 3 contracts
Samples: Indenture (Corpbanca/Fi), Indenture (Corpbanca/Fi), Banco Santander Chile
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest oninterest, 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 or principal, premium, if any, or interest and interest, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee Trustee, in writing, of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than the opening of business on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal or principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee Trustee, in writing, of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 3 contracts
Samples: Tia Indenture (Solectron Corp), Solectron Corp, Solectron Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee Trustee, in writing, of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than the opening of business on each due date of the principal of or interest onof, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interestinterest on any Securities, deposit with the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee Trustee, in writing, of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 3 contracts
Samples: Connetics Corp, Anadigics Inc, Teradyne Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest oninterest, 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 or principal, premium, if any, or interest and interest, so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than the opening of business on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal or principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Hewitt Associates Inc, Exult Inc
Money for Security Payments to be Held in Trust. If the Company Issuer or the Guarantors shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, interest or interest on, any other amounts due on any of the SecuritiesNotes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal or premium, if any, interest or interest any other amounts due so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure so to act. Whenever the Company Issuer shall have one or more Paying Agents Agents, it will, prior to 10:00 am on each due date of the principal of or interest on, or any Securitiesother amounts due on any Notes, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, interest or interest, any other amounts due so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, interest or interestany other amounts due, and (unless such Paying Agent is the Trustee) the Company Issuer will promptly notify the Trustee of its action or failure so to act. The Company 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:
Appears in 2 contracts
Samples: Converium Holding Ag, Converium Holding Ag
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than 12:00 noon Eastern time on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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 SectionSECTION 9.3, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Etoys Inc), Indenture (Etoys Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, (including Additional Interest) on any 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 or (and 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 of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am a.m., New York City time, on each due date of the principal of (or interest onpremium, if any) or interest, including Additional Interest on any Securities, ,deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, ,if any, ) 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 or (and premium, if any, ) or interest, including Additional Interest, and (unless 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 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:
Appears in 2 contracts
Samples: Equitable Resources Capital Trust I, Equitable Resources Inc /Pa/
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of the Securities, it will, on or before each due date of the principal of or premium, if any, or interest on, on 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 or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for any series of the Securities, it will, on or prior to 10:00 am on each due date of the principal of or interest on, on any SecuritiesSecurities of that series, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The Company will cause each Paying Agent for any series of Securities (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, that such Paying Agent will:
Appears in 2 contracts
Samples: Occidental Petroleum Corp /De/, Oxy Capital Trust Iii
Money for Security Payments to be Held in Trust. If the Company Note Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or (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 Note Issuer shall have one or more Paying Agents Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company Note Issuer will promptly notify the Trustee of its action or failure so to act. The Company Note 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:
Appears in 2 contracts
Samples: Fresenius National Medical Care Holdings Inc, Fresenius National Medical Care Holdings Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Phoenix Companies Inc/De, Phoenix Duff & Phelps Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own a Paying Agent, it will, on or before each due date of the principal of or and premium, if any, or interest on(including Liquidated Damages, if any) 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 or and premium, if any, or interest (including Liquidated Damages, if any) so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, one Business Day prior to 10:00 am on each due date of the principal of and premium, if any, or interest on(including Liquidated Damages, if any) on any SecuritiesSecurities (or, if applicable, cash in lieu of conversion of any Security), deposit with a Paying Agent a sum sufficient to pay the principal or and premium, if any, or interestinterest (including Liquidated Damages, if any) so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interestinterest (including Liquidated Damages, if any), and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Comverse Technology Inc/Ny/), Comverse Technology Inc/Ny/
Money for Security Payments to be Held in Trust. If the Company Corporation shall at any time act as its own Paying AgentAgent with respect to the Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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 Corporation shall have one or more Paying Agents Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of and premium if any or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) or interest, and (unless such Paying Agent is the Trustee) the Company Corporation will promptly notify the Trustee of its action or failure so to act. The Company Corporation 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:
Appears in 2 contracts
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent for any series of Securities, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the SecuritiesSecurities of such series, and the Coupons, if any, appertaining thereto, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal or premiumprincipal, if any, premium 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 for any series of Securities, it will, prior to 10:00 am on each due date of the principal of of, premium, if any, or interest onon any Securities of such series, any Securitiesand Coupons, deposit if any, appertaining thereto, deposit, subject to Section 4.04(c), with a Paying Agent a sum sufficient to pay the principal principal, premium or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the TrusteeTrustee and the Company, subject to the provisions of this Section, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (PNC Funding Corp), Bancorpsouth Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or 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 or 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 it will, on or prior to 10:00 am on each due date of the principal of or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or 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 or premium, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Kerr McGee Corp /De, Kerr McGee Corp /De
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or premium, if any, any premium or interest on, on 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 or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for any series of Securities, it will, prior to 10:00 am on each due date of the principal of or interest on, on any SecuritiesSecurities of that series, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The Company will cause each Paying Agent for any series of 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 SectionSection 1003, that such Paying Agent will:
Appears in 2 contracts
Samples: Georgia Gulf Corp /De/, Georgia Gulf Corp /De/
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will shall promptly notify the Trustee in writing of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a any Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 11:00 a.m. New York City time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee in writing of its such action or any failure to so to act. The Company will 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 SectionSection 3.6, that such Paying Agent willshall:
Appears in 2 contracts
Samples: UCP, Inc., Pico Holdings Inc /New
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, no later than one Business Day prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Alcatel Usa Inc), Indenture (DSC Communications Corp)
Money for Security Payments to be Held in Trust. If the Company shall at any time shall act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am or on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The Company will cause each Paying Agent other than the Trustee or affiliate of 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:
Appears in 2 contracts
Samples: Aspen Technology Inc /De/, Genesco Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee in writing of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a any Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 10:00 a.m. New York City time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of its such action or any failure to so to act. The Company will 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Corporate Execution and Notary Acknowledgment (Smithfield Foods Inc), Smithfield Foods Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee Trustee, in writing, of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than the opening of business in New York City on each due date of the principal of or interest onof, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interestinterest on any Securities, deposit with the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee Trustee, in writing, of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Church & Dwight Co Inc /De/), Bowne & Co Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent under Securities of any series, it will, on or before each due date of the principal of or premium, if any, or interest on, any of the on such Securities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for Securities of any series, it will, prior to 10:00 am on or before each due date of the principal of or interest on, on any SecuritiesSecurities of such series, deposit with a the Paying Agent therefor a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will cause each Paying Agent (other than the Trustee Trustee) for any series of Securities 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:
Appears in 2 contracts
Samples: Indenture (IVZ Inc), Indenture (IVZ Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the Company will, prior to 10:00 am on before each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 2 contracts
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the 106 Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the Company will, prior to 10:00 am on before each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Sinclair Broadcast Group Inc), Lease Agreement (Sinclair Broadcast Group Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or 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 or 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 it will, prior to 10:00 am on each due date of the principal of or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or 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 or premium, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each 10:00 a.m., New York time, on the due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Forest City Enterprises Inc, Forest City Enterprises Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 shall promptly notify the Trustee of its action or failure so to act. Whenever If the Company shall have one or more is not acting as Paying Agents it willAgent, prior to the Company shall, before 10:00 am a.m. New York City time on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent a sum in same-day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The If the Company will is not acting as Paying Agent, the Company shall 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 willshall:
Appears in 2 contracts
Samples: First Supplemental Indenture (Styrochem International LTD), Styrochem International Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, (and any Additional Interest) on any 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 or (and premium, if any, ) or interest (and any 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 of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am 11:00 a.m. New York City time on each due date of the principal of or interest on, (and any Additional Interest) on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest (and any Additional Interest) so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) or interestinterest (and any Additional Interest), and (unless 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 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:
Appears in 2 contracts
Samples: Hl&p Capital Trust I, Hl&p Capital Trust Iv
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or (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 Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Symons International Group Inc, Fresenius National Medical Care Holdings Inc
Money for Security Payments to be Held in Trust. If the ----------------------------------------------- Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or premium, if any, or interest on, on any 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 or 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 Agents, it will, prior to 10:00 am a.m. Norfolk, Virginia time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The Company will cause each Paying Agent other than the Trustee to execute and deliver make available for delivery 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:
Appears in 2 contracts
Samples: Commonwealth Bankshares Inc, Commonwealth Bankshares Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the Company will, prior to 10:00 am on before each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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 SectionSection 1003, that such Paying Agent will:
Appears in 2 contracts
Samples: New Century Financial Corp, Indenture (New Century Financial Corp)
Money for Security Payments to be Held in Trust. If the Company shall at any time shall act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am or on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. An installment of principal of, premium if any, interest or Liquidated Damages with respect to the Securities shall be considered paid on the date it is due if the Trustee or a Paying Agent holds such amount for the benefit of Holders on or before 10:00 a.m., New York City time, on such date. The Company will cause each Paying Agent other than the Trustee or affiliate of 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:
Appears in 2 contracts
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or (premium, if any, ) or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 2 contracts
Samples: Indenture (Baytex Energy LTD), Indenture (Baytex Energy LTD)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to no later than 10:00 am on (New York City time)on each due date of the principal of or interest onof, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interestinterest on any Securities, deposit with the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Corixa Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will shall promptly notify the Trustee in writing of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a any Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 10:00 a.m. New York City time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee in writing of its such action or any failure to so to act. The Company will 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 SectionSection 3.8, that such Paying Agent willshall:
Appears in 1 contract
Samples: Indenture (Brunswick Corp)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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 Agents, it will, on or prior to 10:00 am 11:00 a.m. New York City time on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or not more than one Business Day before each due date of the principal of or premium, if anyof, or interest on, any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or 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 to so to act. Whenever If the Company shall have one or more is not acting as Paying Agents it Agent, the Company will, prior to 10:00 am on or before each due date of the principal of of, and premium, if any, or interest on, any of the Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Regus PLC)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such 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 Company shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. 106 The Company will 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 SectionSection 1003, that such Paying Agent willshall:
Appears in 1 contract
Samples: Level 3 Communications Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of 100 -91- (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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 SectionSection 1003, that such Paying Agent will:
Appears in 1 contract
Samples: First Financial Caribbean Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am 12:00 noon Eastern time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 SectionSection 10.3, that such Paying Agent will:
Appears in 1 contract
Samples: Praegitzer Industries Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it willshall, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 shall promptly notify the Trustee of its action or failure so to act. Whenever If the Company shall have one or more is not acting as Paying Agents it willAgent, prior to the Company shall, before 10:00 am a.m. New York City time on each due date of the principal of of, premium, if any, or interest oninterest, on any Securities, deposit with a Paying Agent a sum in same day funds 109 sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, interest and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The If the Company will is not acting as Paying Agent, the Company shall 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 willshall:
Appears in 1 contract
Samples: Pioneer Companies Inc
Money for Security Payments to be Held in Trust. If the Company Bank shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, an) or interest on, on any 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 or (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 Bank shall have one or more Paying Agents Agents, it will, prior to 10:00 am a.m., New York City time, on each due date of the principal of (or premium, if any) or interest on, (including any Additional Interest) on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest (including any Additional Interest) so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or (and premium, if any, ) or interestinterest (including any Additional Interest), and (unless such Paying Agent is the Trustee) the Company Bank will promptly notify the Trustee of its action or failure so to act. The Company Bank 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:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such 75 64 sums shall be paid to such 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 Company shall have one or more Paying Agents for the Securities, it willshall, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will shall promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent willshall:
Appears in 1 contract
Samples: Tri State Outdoor Media Group Inc
Money for Security Payments to be Held in Trust. If ----------------------------------------------- the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or and premium, if any, or interest on, 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 or (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, 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 Agents, it will, on or prior to 10:00 am on each due date of the principal of and premium, if any, or interest on, on any Securities, deposit with a the Paying Agent or Paying Agents a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (and, unless 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 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:
Appears in 1 contract
Samples: Nationwide Financial Services Inc/
Money for Security Payments to be Held in Trust. If the Company Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Issuer will promptly notify the Trustee of its action or failure so to act. Whenever the Company Issuer shall have one or more Paying Agents Agents, it will, on or prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a such Paying Agent a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company Issuer will promptly notify the Trustee of its action or any failure so to act. The Company 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:
Appears in 1 contract
Samples: Indenture (Wind River Systems Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 97 88 Trustee, subject to the provisions of this Section, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company or any Subsidiary Guarantor shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the Company will, prior to 10:00 am on or before each due date of the principal of of, premium, if any, or interest on, any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 1 contract
Samples: Viking Distillery Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time will act as its own Paying Agent, it willshall, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, 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 the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to no later than 10:00 am a.m. Eastern time on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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 SectionSection 8.3, that such Paying Agent will:
Appears in 1 contract
Samples: Asm International N V
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am am. New York City time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Bankamerica Corp/De/)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, one Business Day prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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 SectionSection , that such Paying Agent will:
Appears in 1 contract
Samples: Baan Co N V
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons -144- 156 entitled thereto a sum sufficient to pay the principal or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, one Business Day prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Staples Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or not more than one Business Day before each due date of the principal of or premium, if anyof, or interest on, any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the company will, prior to 10:00 am on or before each due date of the principal of of, or interest on, any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting a Paying Agent, the 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Conseco Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own a Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premiums 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. The 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company Corporation shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, any of the SecuritiesSecurities (including the Repayment Date and the Redemption Date), segregate and hold in trust for the benefit of the Persons entitled thereto Holders of such Securities a sum sufficient to pay the principal or premium, if any, or interest so becoming due until such sums shall be paid to such Persons Holders or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever the Company Corporation shall have one or more Paying Agents Agents, it will, prior to 10:00 am on each due date of the principal of or interest on, any SecuritiesSecurities (including the Repayment Date and the Redemption Date), deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to Holders of such principal or premium, if any, or interest, Securities and (unless such Paying Agent is the Trustee) the Company Corporation will promptly notify the Trustee of its action or failure so to act. The Company Corporation 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:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any of the Securitiessecurities, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Analog Devices Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 or of (premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee in writing of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a any Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 10:00 a.m. New York City time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of its such action or any failure to so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: CBS Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and 66 73 premium (if any, ) 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: American General Corp /Tx/
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, (including Additional Interest)on any 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 or principal(and 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 of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am a.m., New York City time, on each due date of the principal of (or interest onpremium, if any) or interest, including Additional Interest on any Securities, ,deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, ,if any, ) 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 or (and premium, if any, ) or interest, including Additional Interest, and (unless 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 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:
Appears in 1 contract
Samples: Equitable Resources Capital Trust I
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securitiessecurities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, so becoming duesuch amount, such sum to be held in trust for as provided by the benefit of the Persons entitled to such principal or premium, if any, or interestTrust Indenture Act, and (unless 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 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 SectionSection 1003, that such Paying Agent will:
Appears in 1 contract
Samples: Intermagnetics General Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 of or premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for the Securities, it will, prior to 10:00 am on or before each due date of the principal of or premium, if any, or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: Safety Kleen Corp/
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am no later then 11:00 AM New York city time on each the due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Poindexter J B & Co Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, on) or interest on, 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 or (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, 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 for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (and premium, if any, on), or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, 60 if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, (including any Special 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than the opening of business on each due date of the principal of or interest onof, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interestinterest on any Securities, deposit with the Trustee a sum in funds immediately payable on the payment date sufficient to pay the principal, 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 or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Reliant Resources Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Rite Aid Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, on) or interest on, 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 or (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, 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 for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (and premium, if any, on) or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: 510152 N B LTD
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, any of the Securities, segregate and hold in trust for the benefit of the Persons entitled thereto Holders of such Securities and of the coupons for such interest a sum sufficient to pay the principal or premium, if any, or interest so becoming due until such sums shall be paid to such Persons Holders 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 Agents, it will, prior to 10:00 am on each due date of the principal of or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to Holders of such principal or premium, if any, or Securities and of the coupons for such interest, and (unless 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 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:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 11:00 a.m. Eastern Standard Time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure to so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: Colortyme Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, on any of the Securities, segregate and hold in trust for the benefit of the Persons Holders entitled thereto a sum sufficient to pay the principal or principal, 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 If the Company shall have one or more is not acting as Paying Agents it Agent, the company will, prior to 10:00 am on or before each due date of the principal of of, premium, if any, or interest on, any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 1 contract
Samples: Intercompany Agreement (Vencor Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premiuminterest, if any, or interest on, 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 or premiuminterest, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 Agents, it will, prior to 10:00 am on each due date of the principal of or interest oninterest, if any, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The 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 SectionSection 10.03, that such Paying Agent will:
Appears in 1 contract
Samples: Price/Costco Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am 11:00 a.m., Eastern time, on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit in immediately available funds with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Offshore Logistics Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or premium(and pre- mium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 Agents, it will, prior to 10:00 am on or before each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Tultex Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of of, interest or premiumAdditional Payments, if any, or interest on, 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 principal, interest or premiumAdditional Payments, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 Agents, it will, prior to 10:00 am on each due date of the principal of of, interest or interest onAdditional Payments, if any, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal principal, interest or premiumAdditional Payments, if any, or interest, so becoming due, such sum to be held in trust for as provided by the benefit of the Persons entitled to such principal or premium, if any, or interestTrust Indenture Act, and (unless 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 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:.
Appears in 1 contract
Samples: Calpine Corp
Money for Security Payments to be Held in Trust. If the Company Issuer shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and the Issuer will promptly notify the Trustee of its action or failure so to act. Whenever the Company Issuer shall have one or more Paying Agents Agents, it will, on or prior to 10:00 am on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company Issuer will promptly notify the Trustee of its action or any failure so to act. The Company 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:
Appears in 1 contract
Samples: Atmel Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time will act as its own Paying Agent, it willshall, on or before each due date of the principal of or of, premium, if any, or interest on, 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 or principal, 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 the Company will promptly notify the Trustee of its action or failure so to act. Whenever the Company shall have one or more Paying Agents Agents, it will, prior to 10:00 am no later than 12:00 noon Eastern time on each due date of the principal of of, premium, if any, or interest on, on any Securities, deposit with a Paying Agent the Trustee a sum sufficient to pay the principal or principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or any failure so to act. The 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 SectionSection 8.3, that such Paying Agent will:
Appears in 1 contract
Samples: Cell Therapeutics Inc
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it the Company will, on or before each due date of the principal payments in respect of or premium, if any, or interest on, any of the SecuritiesSecurity, segregate and hold in trust for the benefit of the Persons persons entitled thereto a sum sufficient to pay the principal or premium, if any, or interest such payment when so becoming due until such sums sum shall be paid to such Persons persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. Whenever If the Company shall have one is acting as Paying Agent, the Company will on or more Paying Agents it will, prior to 10:00 am on each before the due date of the principal payment in respect of or interest on, any Securities, Security deposit with a Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) sufficient to pay the principal or premium, if any, or interest, make such payment when so becoming due, such sum to be held in trust for the benefit of the Persons persons entitled to such principal or premium, if any, or interest, payment and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The If the Company is not acting as Paying Agent, the 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company Trust shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, on) or interest on, 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 or (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, provided and will promptly notify the Trustee of its action or failure so to act. Whenever the Company Trust shall have one or more Paying Agents for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (and premium, if any, on), or interest on, any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company Trust will promptly notify the Trustee of its such action or any failure so to act. The Company Trust will 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, that such Paying Agent will:
Appears in 1 contract
Samples: Subordination Agreement (Saul B F Real Estate Investment Trust)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, any on Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Rite Aid Corp)
Money for Security Payments to be Held in Trust. If ------------------------------------------------ the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or premium, if any, or interest on, on any 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 or 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 Agents, it will, prior to 10:00 am a.m. New York City time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, 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. The Company will cause each Paying Agent other than the Trustee to execute and deliver make available for delivery 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:
Appears in 1 contract
Samples: Central Fidelity Capital Trust I
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, on any 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on Securities of any Securitiesseries, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Rite Aid Corp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or premium, if any, or interest on, 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 or 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 to so to act. Whenever If the Company shall have one or more is not the Paying Agents it Agent, the Company will, prior to 10:00 am by 11:00 a.m. Eastern Standard Time on each due date of the principal of or interest on, on any Securities, which by the terms of this Indenture require a cash payment, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal or premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, if any, or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee in writing of its such action or any failure to so to act. The 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, that such Paying Agent will:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, 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 for the Securities, it will, prior to on or before 10:00 am a.m. on each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Inter Act Systems Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am 10 a.m. New York City time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 SectionSection 10.3, that such Paying Agent will:
Appears in 1 contract
Samples: Associated Banc-Corp
Money for Security Payments to be Held in Trust. If the Company Issuer or the Guarantors shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, provided and will promptly notify the Trustee of its action or failure so to act. Whenever the Company Issuer shall have one or more Paying Agents Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company Issuer will promptly notify the Trustee of its action or failure so to act. The Company 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:
Appears in 1 contract
Samples: Regency Centers Lp
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of (or premium, if any, ) or interest on, 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 of (or premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, provided and will promptly notify the Trustee of its action or failure to so to act. Whenever the Company shall have one or more Paying Agents for the Securities, it will, prior to 10:00 am on or before each due date of the principal of (or premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum in same day funds (or New York Clearing House funds if such deposit is made prior to the date on which such deposit is required to be made) that shall be available to the Trustee by 11:00 a.m. New York City time on such due date sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its such action or any failure to so to act. The Company will 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Viasystems Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am on each due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or premium, if any, or interest, so becoming duesuch amount, such sum to be held in trust for the benefit of the Persons entitled to such principal or principal, premium, if any, 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. The 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 SectionSection 10.03, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Seacor Holdings Inc)
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying AgentAgent with respect to any series of Securities, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, on any 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 or (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 Agents, it will, prior to 10:00 am a.m. [______ CITY] time on each due date of the principal of or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premium, and premium (if any, ) 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. The 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 SectionSection 10.3, that such Paying Agent will:
Appears in 1 contract
Samples: GBB Capital I
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal Principal of or and premium, if any, or interest on, 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 or 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, 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 Agents, it will, on or prior to 10:00 am on each due date of the principal Principal of and premium, if any, or interest on, on any Securities, deposit with a the Paying Agent or Paying Agents a sum sufficient to pay the principal or Principal, premium, if any, or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or Principal, premium, if any, or interest, and (and, unless 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 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:
Appears in 1 contract
Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it will, on or before each due date of the principal of or (and premium, if any, ) or interest on, 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 or (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, 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 Agents, it will, prior to 10:00 am no later then 11:00 AM EST on each the due date of the principal of (and premium, if any) or interest on, on any Securities, deposit with a Paying Agent a sum sufficient to pay the principal or (and premium, if any, ) or interest, interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal or premiumprincipal, if any, 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. The 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, that such Paying Agent will:
Appears in 1 contract
Samples: Indenture (Universal Brixius Inc)
