Paying Agent To Hold Assets in Trust Sample Clauses

Paying Agent To Hold Assets in Trust. The Trustee as Paying Agent shall, and the Company shall require each Paying Agent other than the Trustee to agree in writing that each Paying Agent shall, hold in trust for the benefit of the Holders of any Series of Securities or the Trustee all assets held by the Paying Agent for the payment of principal of, or interest or premium, if any, on, such Series of Securities (whether such assets have been distributed to it by the Company or any other obligor on such Series of Securities), and the Company and the Paying Agent shall notify the Trustee in writing of any Default by the Company (or any other obligor on such Series of Securities) in making any such payment. The Company at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets disbursed, and the Trustee may, at any time during the continuance of any payment default with respect to any Series of Securities, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further liability for such assets.
Paying Agent To Hold Assets in Trust. The Issuer shall require the Paying Agent to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, Additional Amounts, if any, premium, if any, or interest on, the Notes, and shall promptly notify the Trustee of any Default by the Issuer in making any such payment. The Issuer at any time may require a Paying Agent to distribute all assets held by it to the Trustee and account for any assets distributed and the Trustee may at any time during the continuance of any payment Default, upon written request to a Paying Agent, require such Paying Agent to distribute all assets held by it to the Trustee and to account for any assets distributed. Upon distribution to the Trustee of all assets that shall have been delivered by the Issuer to the Paying Agent pursuant to this Section 2.4, the Paying Agent shall have no further liability for such assets.
Paying Agent To Hold Assets in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal and interest on any Securities, the Company shall deposit with one or more Paying Agents money in immediately available funds sufficient to pay such principal and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of and interest on the Securities (whether such money has been paid to it by the Company or any other obligor on the Securities) and shall notify the Trustee of any failure by the Company (or any other obligor on the Securities) in making any such payment. While any such failure continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it shall, prior to or on each due date of any principal of or interest on the Securities, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient with monies held by all other Paying Agents, to pay such principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its actions or failure to act.
Paying Agent To Hold Assets in Trust. SECTION 2.05. Holder Lists.
Paying Agent To Hold Assets in Trust. The Company shall require each Paying Agent to agree in writing that each Paying Agent shall hold in trust for the benefit of Holders all assets held by the Paying Agent for the payment of principal of, or interest on, the Notes. If the Company, any Guarantor or any of their respective Affiliates acts as Paying Agent, it shall, on or before each due date of the principal of or interest on the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided.
Paying Agent To Hold Assets in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, premium, if any, or interest on, the Securities, and shall notify the Trustee in writing of any Default in making any such payment. If either of the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate such assets and hold them as a separate trust fund for the benefit of the Holders or the Trustee. The Company at any time may require a Paying Agent to 9
Paying Agent To Hold Assets in Trust. 38 SECTION 2.06. Holder Lists. 38 SECTION 2.07. Transfer and Exchange. 38 SECTION 2.08. Replacement Notes. 39 SECTION 2.09. Outstanding Notes. 39 SECTION 2.10. Treasury Notes. 40 SECTION 2.11. Temporary Notes. 40 SECTION 2.12. Cancellation. 40 SECTION 2.13. Defaulted Interest. 40 SECTION 2.14. CUSIP and ISIN Numbers. 41 SECTION 2.15. Deposit of Moneys. 41 SECTION 2.16. Book-Entry Provisions for Global Notes. 41 SECTION 2.17. Special Transfer Provisions. 43 SECTION 2.18. Computation of Interest. 45 SECTION 2.19. Calculation of Principal Amount of Notes. 45 ARTICLE THREE REDEMPTION 45 SECTION 3.01. Notices to Trustee. 45
Paying Agent To Hold Assets in Trust the Company to the Paying Agent and the completion of any accounting required to be made hereunder, the Paying Agent shall have no further liability for such assets.
Paying Agent To Hold Assets in Trust. SECTION 2.05
Paying Agent To Hold Assets in Trust. 41 SECTION 2.5. Holder Lists 42 SECTION 2.6. Transfer and Exchange 42 SECTION 2.7. Replacement Notes 50 SECTION 2.8. Outstanding Notes 50 SECTION 2.9. Treasury Notes 51 SECTION 2.10. Temporary Notes 51 SECTION 2.11. Cancellation 51 SECTION 2.12. Defaulted Interest 51 SECTION 2.13. CUSIP Number 52 SECTION 2.14. Deposit of Monies 52 SECTION 2.15. Restrictive Legends 52 SECTION 2.16. Designation 54 ARTICLE III. REDEMPTION