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

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shall, on or before each due date of the principal of, premium, if any, or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders entitled thereto a sum sufficient to pay the 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 shall promptly notify the Trustee of its action or failure so to act. If the Company is not acting as Paying Agent, the Company shall, before 10:00 a.m. New York City time on each due date of the principal 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, premium, if any, or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium, or interest and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of such action or any failure so to act. If the Company 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 shall:

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shallwill, on or before each due date of the principal of, of or premium, if any, or interest on on, any of the Securities, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, 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 shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents it will, the Company shall, before 10:00 a.m. New York City time on or prior to each due date of the principal ofof or interest on, premium, if any, or interest, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, 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, principal or premium, if any, or interest interest, and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such its action or any failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shall:will

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shallwill, on or before each due date of the principal of, of (and premium, if any, ) or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, principal (and premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents for the Securities, the Company shallit will, on or before 10:00 a.m. New York City time on each due date of the principal of, of (and premium, if any, ) or interest, interest 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, principal (and premium, if any, ) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium, premium or interest and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shallwill:

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shallwill, on or before each due date of the principal of, premium, if any, or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the 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 shall the Company will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents, the Company shallit will, before 10:00 a.m. New York City time on one Business Day prior to each due date of the principal of, premium, if any, or interest, interest on any Securities, deposit with a Paying Agent the Trustee a sum in same day funds 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, premium, if any, or interest interest, and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shallwill: (1) hold all sums held by it for the payment of the principal of, premium, if any, or interest on Securities for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 109 122 (2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities) in the making of any payment of principal, premium, if any, or interest; and

Money for Security Payments to be Held in Trust. If the Company or any of its Subsidiaries shall at any time act as its own the Paying Agent, it shallwill, on or before each due date of a Redemption Date, the principal ofFinal Payment Date or the Default Payment Date, premium, if any, or interest on any of as the Securitiescase may be, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, premiumamounts, if any, or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents for the Securities, the Company shall, before 10:00 a.m. New York City time on each due date of the principal of, premium, if any, or interestit will, on any Securitiesor before the Final Payment Date, a Redemption Payment Date or the Default Payment Date, as the case may be, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, premiumamount, if any, or interest so becoming due, ; such sum to be held in trust for the benefit of the Persons entitled to such principalamount, premium, or interest and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shall:,

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shall, on or before each due date of the principal of, of (and premium, if any, on) or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, 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 shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents for the Securities, the Company shallit will, on or before 10:00 a.m. 11:00 A.M., New York City time time, on each due date of the principal of, of (and premium, if any, on), or interestinterest on, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, principal (and premium, if any, ) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premiumpremium or interest, or interest and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of such action or any failure so to act. If the Company is not acting as Paying Agent, the The Company 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 shallwill:

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 shallwill, on or before each due date of the principal of, of (and premium, if any, ) or interest on any of the SecuritiesSecurities of such series, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, principal (and premium, if any, ) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents, the Company shallit will, before prior to 10:00 a.m. New York City time on each due date of the principal of, premium, if any, of or interest, interest on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, principal (and premium, if any, ) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principalprincipal and premium (if any) or interest, premium, or interest and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any its failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shallwill:

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 shallwill, on or before each due date of the principal of, of (and premium, if any, ) or interest (including Additional Interest) on any of the SecuritiesSecurities of such series, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, 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 shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents, the Company shallit will, before prior to 10:00 a.m. a.m., New York City time time, on each due date of the principal of, of (or premium, if any, ) or interest, including Additional Interest on any Securities, ,deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, principal (and premium, ,if any) or interest, 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, principal (and premium, if any) or interest interest, including Additional Interest, and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any its failure so to act. If the The Company is not acting as Paying Agent, the Company shall 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 shallwill:

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shallwill, on or before each due date of the principal of, premium, if any, or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders entitled thereto a sum sufficient to pay the principal, premium, if any, or interest so becoming due until such sums shall be paid to such Persons persons or otherwise disposed of as herein provided, and shall will promptly notify the Trustee of its action or failure so to act. If the Company is not acting as Paying Agent, the Company shallwill, on or before 10:00 a.m. New York City time on each due date of the principal of, premium, if any, or interestinterest on, on any Securities, deposit with a Paying Agent a sum in same day funds 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 Holders entitled to such principal, premiumpremium or interest, or interest and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such action or any failure so to act. If the Company is not acting as Paying Agent, the Company shall will cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall will agree with the Trustee, subject to the provisions of this SectionSection 10.03, that such Paying Agent shallwill:

Money for Security Payments to be Held in Trust. If the Company shall at any time act as its own Paying Agent, it shallwill, on or before each due date of the principal of, premiuminterest or Additional Payments, if any, or interest on any of the Securities, segregate and hold in trust for the benefit of the Holders Persons entitled thereto a sum sufficient to pay the principal, premiuminterest or Additional 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 shall will promptly notify the Trustee of its action or failure so to act. If Whenever the Company is not acting as shall have one or more Paying AgentAgents, the Company shallit will, before 10:00 a.m. New York City time on prior to each due date of the principal of, premiuminterest or Additional Payments, if any, or interest, on any Securities, deposit with a Paying Agent a sum in same day funds sufficient to pay the principal, premiuminterest or Additional 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 principalTrust Indenture Act, premium, or interest and (unless such Paying Agent is the Trustee) the Company shall will promptly notify the Trustee of such its action or any failure so to act. If the Company 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 shall:.