Common use of Paying Agent to Hold Money in Trust Clause in Contracts

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 15 contracts

Samples: Indenture (Texas Industries Inc), Indenture (Geo Group Inc), Indenture (Geo Group Inc)

AutoNDA by SimpleDocs

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated DamagesAdditional Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 14 contracts

Samples: Indenture (Parker Drilling Co /De/), Indenture (Parker Drilling Co /De/), Indenture (L-3 Communications Cincinnati Electronics CORP)

Paying Agent to Hold Money in Trust. The Company shall Issuers will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company , the Issuers 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 Targa Resources Partners or one of its Subsidiariesa Subsidiary) shall will have no further liability for the money. If the Company Targa Resources Partners or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyTarga Resources Partners, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 14 contracts

Samples: Conveyance and Assumption Agreement (Targa Resources Partners LP), Conveyance and Assumption Agreement (Targa Resources Partners LP), Conveyance and Assumption Agreement (Targa Resources Partners LP)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the NotesSecurities or other payments in respect of the Securities or otherwise held by it as Paying Agent, and shall will notify the Trustee of any default by the Company in making any such paymentpayment when due. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the NotesSecurities.

Appears in 13 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Indenture (PRGX Global, Inc.), Senior Indenture (Navigators Group Inc)

Paying Agent to Hold Money in Trust. The Company Issuers shall require each the 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 Issuers or one of its their respective Subsidiaries) shall have no further liability for the money. If the Company an Issuer or one of its their respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 13 contracts

Samples: Indenture (CBS Outdoor Americas Inc.), Indenture (OUTFRONT Media Inc.), Indenture (OUTFRONT Media Inc.)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders of the applicable Securities of any series or the Trustee all money held by the Paying Agent for the payment of principal, principal or any premium or Liquidated Damages, if any, or interest on the Notes, such Securities and shall will notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of such Securities all money held by it as Paying AgentAgent with respect to such Securities. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notesany Securities.

Appears in 12 contracts

Samples: Indenture (Mohawk Industries Inc), Indenture (Sally Beauty Holdings, Inc.), Indenture (Sally Investment Holdings LLC)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, principal or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any money disbursed by it. 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 one an Affiliate of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one an Affiliate of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 12 contracts

Samples: Indenture (Peregrine Systems Inc), Indenture (NTL Communications Corp), Indenture (NTL Communications Corp)

Paying Agent to Hold Money in Trust. 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee and account for all funds disbursed. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and account for all funds disbursed. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 11 contracts

Samples: Indenture (Mci Inc), Indenture (Mci Inc), Indenture (Digex Inc/De)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent holds for the redemption or purchase of the Notes or for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on on, the Notes, and shall will notify the Trustee of any default by the Company in making providing the Paying Agent with sufficient funds to redeem or purchase Notes or make any such paymentpayment on the Notes as and to the extent required to be redeemed, purchased or paid under the terms of this Indenture. While any such default continues, the Trustee may require a the Paying Agent to pay all money held by it holds to the Trustee. The Company at any time may require a the Paying Agent to pay all money held by it holds to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one any of its SubsidiariesAffiliates) shall have no further liability for the moneymoney it delivered to the Trustee. If the Company or one any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the Holders’ benefit of the Holders all money held by it holds as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 10 contracts

Samples: Supplemental Indenture (E.W. SCRIPPS Co), Indenture (Gray Television Inc), Indenture (Gray Television Inc)

Paying Agent to Hold Money in Trust. The Company Issuer 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one a Subsidiary of its Subsidiariesthe Issuer) shall have no further liability for the money. If the Company Issuer or one a Subsidiary of its Subsidiaries the Issuer acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 10 contracts

Samples: Indenture (Michaels Stores Inc), Indenture (Community Choice Financial Inc.), Passu Intercreditor Agreement (Builders FirstSource, Inc.)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, or interest on on, the Notes, and shall will notify the Trustee of any default Default by the Company Issuers in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 Issuers or one any of its their Subsidiaries) shall will have no further liability for the money. If the Company Issuers or one any of its their Subsidiaries acts act as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 10 contracts

Samples: Supplemental Indenture (Park Hotels & Resorts Inc.), Supplemental Indenture (Vici Properties Inc.), Supplemental Indenture (Vici Properties Inc.)

Paying Agent to Hold Money in Trust. 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, Notes and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying AgentAgent (subject to Section 2.3), it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 9 contracts

Samples: Indenture (Atlantic Express Transportation Corp), Indenture (Atlantic Express Transportation Corp), Indenture (American Restaurant Group Inc)

Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of principal, premium liquidation amounts or Liquidated Damages, if any, or interest on the NotesDistributions, and shall will notify the Property Trustee of any default by the Company in making any if there are insufficient funds for such paymentpurpose. While any such default insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Company Trust or one an Affiliate of its Subsidiariesthe Trust) shall have no further liability for the money. If the Company Trust or one the Sponsor or an Affiliate of its Subsidiaries the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 9 contracts

Samples: Trust Agreement (Webster Capital Trust VII), Trust Agreement (Webster Capital Trust Vi), Trust Agreement (Webster Capital Trust Vi)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders of Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, on or interest on the such Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any funds disbursed by such Paying Agent. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 8 contracts

Samples: Indenture (OC Holding Company, LLC), Indenture (O Reilly Automotive Inc), Indenture (O Reilly Automotive Inc)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(viii) and (ix) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 7 contracts

Samples: Indenture (Videotron Ltee), Indenture (Videotron Ltee), Indenture (Videotron Ltee)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium premium, if any, or Liquidated DamagesAdditional Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 an Issuer or one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company an Issuer or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 7 contracts

Samples: Indenture (Tops Markets Ii Corp), Indenture (Nexstar Broadcasting Group Inc), Intercreditor Agreement (DJO Finance LLC)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest interest, if any, on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Collateral Agent Agreement (Arch Wireless Inc), Collateral Agent Agreement (Arch Wireless Inc), Collateral Agent Agreement (Arch Wireless Inc)

Paying Agent to Hold Money in Trust. The Company Issuer shall require each the 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee in writing of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its Subsidiaries) shall have no further liability for the money. If the Company Issuer or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Indenture (Hill-Rom Holdings, Inc.), Indenture (Hill-Rom Holdings, Inc.), Registration Rights Agreement (SS&C Technologies Holdings Inc)

Paying Agent to Hold Money in Trust. 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 the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or and interest on the Notes, and shall notify the Trustee in writing of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its SubsidiariesCompany) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Indenture (Reddy Ice Holdings Inc), Indenture (McClatchy Co), Indenture (McClatchy Co)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal of or Liquidated Damagespremium, if any, or interest on the NotesSecurities, whether such money shall have been paid to it by the Company or any Guarantor, and shall will notify the Trustee of any default by the Company or any Guarantor in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee 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 TrusteeTrustee and to account for any funds disbursed. Upon payment over to the TrusteeTrustee and upon accounting for any funds disbursed, the Paying Agent (if other than the Company or one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Indenture (Environmental Procedures Inc), Indenture (Pure Resources Inc), Supplemental Indenture (R&b Falcon Corp)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money funds held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(d) and (e) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Indenture (Spirit AeroSystems Holdings, Inc.), Indenture (Spirit AeroSystems Holdings, Inc.), Signatures (Spirit AeroSystems Holdings, Inc.)

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, and interest or interest on Additional Interest, if any, on, the Notes, and shall will notify the Trustee of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall will have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 6 contracts

Samples: Indenture (Acadia Healthcare Company, Inc.), Indenture (Acadia Healthcare Company, Inc.), Indenture (Acadia Healthcare Company, Inc.)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Senior Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Senior Notes.

Appears in 5 contracts

Samples: Indenture (Riddell Sports Inc), Indenture (Hyperion Telecommunications Inc), Indenture (Varsity Spirit Corporation)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Indenture (Aki Holding Corp), Indenture (Fields MRS Original Cookies Inc), MRS Fields Holding Co Inc

Paying Agent to Hold Money in Trust. 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or and interest on the Notes, and shall notify the Trustee of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee 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 one of its SubsidiariesCompany) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Indenture (Decisionone Corp /De), Assumption Agreement (Quaker Holding Co), Duane Reade Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest (including Additional Interest, if any) on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Indenture (Ameristar Casinos Inc), Indenture (Dresser Inc), Symons Corp

Paying Agent to Hold Money in Trust. Prior to each due date of the principal of and interest on any Note, the Company shall deposit with each Paying Agent (or if the Company or a Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the a Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the a Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or principal of and interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continuesIf the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay all money held by it to as Paying Agent and hold it in trust for the Trusteebenefit of the Persons entitled thereto. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any funds disbursed by such Paying Agent. Upon payment over to the Trusteecomplying with this Section, the a Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating delivered to the Company, the Trustee shall serve as Paying Agent for the NotesTrustee.

Appears in 5 contracts

Samples: Supplemental Indenture (Rural Metro Corp /De/), Graham Packaging (Graham Packaging Holdings Co), Graham Packaging (Graham Packaging Holdings Co)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 Issuers or one of its Subsidiariesa Subsidiary thereof) shall have no further liability for the money. If the Company either Issuer or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Indenture (Wynn Las Vegas LLC), Indenture (Wynn Las Vegas LLC), Indenture (Wynn Resorts LTD)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee in writing of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 a Covenant Party or one of its their respective Subsidiaries) shall have no further liability for the money. If the Company a Covenant Party or one of its their respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Companya Covenant Party, the Trustee DBTCA shall serve as Paying Agent for the NotesAgent.

Appears in 5 contracts

Samples: Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC)

Paying Agent to Hold Money in Trust. 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 the Holders of the Notes or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or and interest on the Notes, and shall notify the Trustee of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its SubsidiariesCompany) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of the Notes all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Indenture (Echostar Broadband Corp), Indenture (Advanced Radio Telecom Corp), Echostar Communications Corp

Paying Agent to Hold Money in Trust. The Company Issuers 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, Notes and shall notify the Trustee in writing of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying AgentAgent (subject to Section 2.3), it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating related to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Majestic Investor Capital Corp), Indenture (Majestic Investor Capital Corp), Indenture (Majestic Star Casino LLC)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company or any Guarantor in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyCompany or a Guarantor, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Rayovac Corp), Pillowtex Corp, Amcraft Building Products Co Inc

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(i) and (j) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Centene Corp), Indenture (Centene Corp), Texas San Macros Treatment Center Lp

Paying Agent to Hold Money in Trust. The Company Issuer shall require each the 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee in writing of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its respective Subsidiaries) shall have no further liability for the money. If the Company Issuer or one of its respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Credit Agreement (Beasley Broadcast Group Inc), Second Lien Intercreditor Agreement (Entercom Communications Corp), Cumulus Media Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company or the Guarantors in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Guarantor) shall have no further liability for the money. If the Company or one of its Subsidiaries a Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Cenveo, Inc, Indenture (Mail Well Inc), Definitions And (Mail Well Inc)

Paying Agent to Hold Money in Trust. The Company Issuer 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 money held by the Paying Agent for the payment of principal, premium premium, if any, or Liquidated DamagesAdditional Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company Issuer or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Hca Inc/Tn), Indenture (Aramark), Intercreditor Agreement (Merge Healthcare Inc)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Section 6.01(ix) and (x) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Videotron Ltee), Indenture (Videotron Ltee), Indenture (Quebecor Media Inc)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated DamagesAdditional Interest, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Brown Shoe Co Inc), Ikon Office (Ikon Office Solutions Inc), Caleres Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will promptly notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Southridge Plaza Holdings Inc, Pca Valdosta Corp, Southwest General Hospital Lp

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest and Additional Interest, if any, on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Talecris Biotherapeutics Holdings Corp., Hanger Orthopedic Group Inc, Gallipolis Care LLC

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders Noteholders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the NotesSecurities, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any money disbursed by it. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one any Affiliate of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one an Affiliate of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Noteholders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Komag Inc /De/), Coeur D Alene Mines Corp, Coeur D Alene Mines Corp

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, or premium or Liquidated Damagesinterest on, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence and during the continuance of any bankruptcy Event of Default described in clause (h) or reorganization proceedings relating to the Company(i) of Section 6.01 hereof, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Hornbeck Offshore Services Inc /La), Indenture (Hornbeck Offshore Services Inc /La), Indenture (Hornbeck Offshore Services Inc /La)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(ix) and (x) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Subordination Agreement (Videotron Ltee), Subordination Agreement (Quebecor Media Inc), Indenture (Quebecor Media Inc)

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 TrusteeTrustee of all amounts that it is obligated to pay, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall will have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Appvion, Inc.), Indenture (QGOG Constellation S.A.), Paperweight Development Corp

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee for its own benefit and for the benefit of the Holders. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee for its own benefit and for the benefit of the Holders. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Carters Inc), Indenture (Stericycle Inc), Indenture (Stericycle Inc)

Paying Agent to Hold Money in Trust. The Company Issuer 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, or interest on on, the Notes, and shall will notify the Trustee of any default Default by the Company Issuer in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one any of its Subsidiaries) shall will have no further liability for the money. If the Company Issuer or one any of its Subsidiaries acts act as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (RLJ Lodging Trust), Supplemental Indenture (Xenia Hotels & Resorts, Inc.), Indenture (RLJ Lodging Trust)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium premium, if any, or Liquidated DamagesAdditional Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Avago Technologies Manufacturing (Singapore) Pte. Ltd.), Indenture (Avago Technologies Manufacturing (Singapore) Pte. Ltd.), Indenture (Avago Technologies LTD)

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, or interest on or Additional Interest, if any, on, the Notes, and shall will notify the Trustee of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall will have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 4 contracts

Samples: Indenture (Cincinnati Bell Inc), Supplemental Indenture (CyrusOne Inc.), Indenture (CyrusOne Inc.)

Paying Agent to Hold Money in Trust. The Company Issuers shall require each Paying Agent other than the Trustee Trustee, the Company or a Subsidiary to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Companyany Issuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Execution Version, Execution Version, Execution Version

Paying Agent to Hold Money in Trust. 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest and Special Interest, if any, on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: S&c Resale Co, S&c Resale Co, S&c Holdco 3 Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, or premium or Liquidated Damages, if any, or interest on on, the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one an Affiliate of its Subsidiaries the Company (including any Subsidiary) acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Tesoro Alaska Co), Indenture (Tesoro Alaska Co), Victory Finance Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money money, if any, held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Nextwave Personal Communications Inc, Nextwave Personal Communications Inc, Nextwave Personal Communications Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of or premium, premium interest or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon the occurrence and during the continuance of any bankruptcy Event of Default described in clause (h) or reorganization proceedings relating to the Company(i) of Section 6.01 hereof, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Ascent Energy Inc), Tri Union Development Corp, Hornbeck Offshore Services Inc /De/

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, Notes and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Radiologix Inc, Radiologix Inc, Penton Media Inc

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy Event of Default under Sections 6.01(f) or reorganization proceedings relating to the Company(g) hereof, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Ashland Inc.), Indenture (Valvoline Inc), Indenture (Valvoline Inc)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(ix) and (x) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Subordination Agreement (Videotron Ltee), Indenture (Videotron Ltee), Subordination Agreement (Quebecor Media Inc)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the such Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the TrusteeTrustee for its own benefit and for the benefit of the Holders. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee for its own benefit and for the benefit of the Holders. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary or the Trustee) shall have no further liability for the money. If any of the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to any of the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Crescent Energy Co), Indenture (Vine Energy Inc.), Indenture (Crescent Energy Co)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall hold in trust for the benefit of Holders or the Trustee Securityholders all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, principal of or interest on the NotesSecurities, and such Paying Agent shall notify the Trustee of any default by the Company in making any such payment. While If the Company or any such default continuesof its Subsidiaries acts as Paying Agent, it shall segregate the Trustee may require money and hold it as a Paying Agent to pay all money held by it to the Trusteeseparate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and account for any funds disbursed, 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 pay all money held by it to the Trustee and to account for any funds disbursed. Upon payment over to the Trusteedoing so, the Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating so paid over to the Company, the Trustee shall serve as Paying Agent for the NotesTrustee.

Appears in 3 contracts

Samples: Indenture (BMCA Quakertown Inc.), Execution (Building Materials Corp of America), Building Materials Corp of America

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest (including Additional Interest) on the NotesSecurities or other payment in respect of the Securities or otherwise held by it as Paying Agent, and shall will notify the Trustee of any default by the Company in making any such paymentpayment when due. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the NotesSecurities.

Appears in 3 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Pennsylvania Real Estate Investment Trust, Pennsylvania Real Estate Investment Trust

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders Noteholders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, principal or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any money disbursed by it. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one an Affiliate of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one an Affiliate of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Noteholders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Midcom Communications Inc), Registration Rights Agreement (P Com Inc), P Com Inc

Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Pay- ing Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer at any time may require re- quire 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 Issuer or one of its Subsidiariesany Guarantor) shall have no further liability for the moneymoney so paid over to the Trustee. If the Company Issuer or one of its Subsidiaries any Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Execution Version, Indenture, Indenture

AutoNDA by SimpleDocs

Paying Agent to Hold Money in Trust. The Company Issuers 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or and interest on the Notes, and shall notify the Trustee in writing of any default Default by the Company Issuers in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers at any time may require a Paying Agent to pay all money held by it such Paying Agent to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than either of the Company or one of its SubsidiariesIssuers) shall have no further liability for the moneymoney delivered to the Trustee. If either of the Company or one of its Subsidiaries Issuers acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Axalta Coating Systems Ltd.), ZoomInfo Technologies Inc., PPD, Inc.

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the Holders' benefit of Holders or the Trustee all money held by the Paying Agent holds for the redemption or purchase of the Notes or for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on on, the Notes, and shall will notify the Trustee of any default by the Company in making providing the Paying Agent with sufficient funds to redeem or purchase Notes or make any such paymentpayment on the Notes as and to the extent required to be redeemed, purchased or paid under the terms of this Indenture. While any such default continues, the Trustee may require a the Paying Agent to pay all money held by it holds to the Trustee. The Company at any time may require a the Paying Agent to pay all money held by it holds to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one any of its SubsidiariesAffiliates) shall have no further liability for the moneymoney it delivered to the Trustee. If the Company or one any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the Holders' benefit of the Holders all money held by it holds as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Young Broadcasting Inc /De/), Young Broadcasting Inc /De/, Young Broadcasting Inc /De/

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on interest, if any, on, the NotesSeries of Securities, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the NotesSeries of Securities.

Appears in 3 contracts

Samples: TOUSA Investment #1, Inc., TOUSA Investment #1, Inc., TOUSA Investment #1, Inc.

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall will have no further liability for the moneymoney delivered to the Trustee. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Prime Hospitality Corp), Apcoa Standard Parking Inc /De/, Ap Holdings Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee Trustee, who hereby so agrees), to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders holders of the Convertible Subordinated Notes or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or interest (including Liquidated Damages, if any, or interest ) on the Convertible Subordinated Notes, and shall will notify the Trustee of any default by the Company in respect of making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one a subsidiary of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one a subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders holders of the Convertible Subordinated Notes all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Technical Assistance Agreement, Indenture (School Specialty Inc), Amkor Technology Inc

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium or Liquidated DamagesSpecial Interest, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require in writing a Paying Agent to pay all money held by it in trust to the Trustee. The Company Issuers at any time may require in writing a Paying Agent to pay all money held by it in trust to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Supplemental Indenture (IASIS Healthcare LLC), Supplemental Indenture (Kraton Polymers LLC), Biltmore Surgery Center Holdings Inc

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium premium, if any, or Liquidated DamagesSpecial Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Restricted Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Indenture (Ainsworth Lumber Co LTD), Indenture (Ainsworth Lumber Co LTD), Indenture (Russel Metals Inc)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on interest, including Special Interest, if any, on, the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 3 contracts

Samples: Tousa Delaware Inc, Technical Olympic Usa Inc, Rent Way Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Holmes Products Corp), Indenture (Holmes Products Corp)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary thereof) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary thereof acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Taylor Companies Inc), Dawson Production Services Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, or interest on or Special Interest, if any, on, the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Asbury Automotive Group Inc), Indenture (Asbury Automotive Group Inc)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary thereof) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary thereof acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Parker Drilling Co of Oklahoma Inc), Parker Drilling Co /De/

Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its Subsidiariesthe Guarantor) shall have no further liability for the moneymoney so paid over to the Trustee. If the Company Issuer or one of its Subsidiaries the Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture, Indenture (Norbord Inc.)

Paying Agent to Hold Money in Trust. The Company Partnership shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium premium, if any, or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Partnership in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Partnership 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 Partnership or one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company Partnership or one an Affiliate of its Subsidiaries the Partnership acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyPartnership, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Northern Border Partners Lp, Northern Border Partners Lp

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damageson, if any, or interest on and interest, if any, on, the Notes, and shall will notify the Trustee of any default Default by the Company in making any such payment. While any such default Default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall will have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Acadia Healthcare Company, Inc.), Indenture (Acadia Healthcare Company, Inc.)

Paying Agent to Hold Money in Trust. The Company Issuer 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee in writing of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its Subsidiaries) shall have no further liability for the money. If the Company Issuer or one any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Kinetik Holdings Inc.), Indenture (Kinetik Holdings Inc.)

Paying Agent to Hold Money in Trust. 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 the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiaries) shall have no further liability for the money. If the Company or one any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Registration Rights Agreement (Signal Medical Services), Registration Rights Agreement (Jw Childs Equity Partners Ii Lp)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall promptly notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money funds held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money funds held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one of its Subsidiariesa Subsidiary) shall have no further liability for the moneysuch funds. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money funds held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(h) and (i) hereof relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (7 Days Group Holdings LTD), Hi-Tech Wealth Inc.

Paying Agent to Hold Money in Trust. On or prior to each due date of the principal of and interest on any Security, the Company shall deposit with the Paying Agent (or if the Company or a Wholly Owned Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or principal of and interest on the NotesSecurities, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continuesIf the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the Trustee may require a Paying Agent to pay all money held by it to the Trusteeas Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the TrusteeTrustee and to account for any funds disbursed by the Paying Agent. Upon payment over to the Trusteecomplying with this Section, the Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating delivered to the Company, the Trustee shall serve as Paying Agent for the NotesTrustee.

Appears in 2 contracts

Samples: Supplemental Indenture (Land O Lakes Inc), Land O Lakes Inc

Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of principal, premium Liquidation Amounts or Liquidated Damages, if any, or interest Distributions on the NotesSecurities, and shall will notify the Property Trustee of any default by the Company in making any writing if there are insufficient funds for such paymentpurpose. While any such default insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Trustee, Property Trustee the Paying Agent (if other than the Company Trust or one an Affiliate of its Subsidiariesthe Trust) shall have no further liability for the money. If the Trust or the Company or one an Affiliate of its Subsidiaries the Trust or the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Trust Agreement (Waccamaw Bankshares Inc), Trust Agreement (Nexity Financial Corp)

Paying Agent to Hold Money in Trust. The Company Issuers 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall promptly notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 Issuers or one of its their Subsidiaries) shall have no further liability for the money. If the Company an Issuer or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Windstream Services, LLC), Windstream Services, LLC

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee Deutsche Bank Trust Company Americas (which by its execution of this Indenture hereby agrees) to agree in writing that the Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Delphi Trade Management, LLC, Delphi Trade Management, LLC

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or on, interest on on, and Special Interest, if any, on, the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: R&b Falcon Corp, Harperprints Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company or any Guarantor in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyCompany or any Guarantor, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Credit Agreement (Massic Tool Mold & Die Inc), Execution (Massic Tool Mold & Die Inc)

Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of principal, premium principal or Liquidated Damages, if any, or interest distribution on the NotesSecurities, and shall will notify the Property Trustee of any default by the Company in making any such paymentif there are insufficient funds. While any such default insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Property Trustee, the Paying Agent (if other than the Company Trust or one an Affiliate of its Subsidiariesthe Trust) shall have no further liability for the money. If the Company Trust or one the Sponsor or an Affiliate of its Subsidiaries the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Exchange Agreement (Insignia Financial Group Inc /De/), Ohio Casualty Corp

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company or a Subsidiary Guarantor in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Delta Financial Corp, Df Special Holdings Corp

Paying Agent to Hold Money in Trust. The Company shall will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated DamagesSpecial Interest, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it relating to the Notes to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it relating to the Notes to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or one a Subsidiary of its Subsidiariesthe Company) shall will have no further liability for the money. If the Company or one a Subsidiary of its Subsidiaries the Company acts as Paying Agent, it shall will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings Event of Default under Sections 6.01(8) and 6.01(9) hereof relating to the Company, the Trustee shall will serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Simmons Co /Ga/, Simmons Co

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders of the applicable Securities of any series or the Trustee all money held by the Paying Agent for the payment of principal, principal or any premium or Liquidated Damages, if any, or interest on the Notes, such Securities and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders of such Securities all money held by it as Paying AgentAgent with respect to such Securities. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notesany Securities.

Appears in 2 contracts

Samples: Indenture (Cross Equipment Company, Inc.), Cross Equipment Company, Inc.

Paying Agent to Hold Money in Trust. The Company Trust shall require each Paying Agent other than the Property Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Property Trustee all money held by the Paying Agent for the payment of principal, premium Liquidation Amounts or Liquidated Damages, if any, or interest Distributions on the NotesSecurities, and shall will notify the Property Trustee of any default by the Company in making any if there are insufficient funds for such paymentpurpose. While any such default insufficiency continues, the Property Trustee may require a Paying Agent to pay all money held by it to the Property Trustee. The Company Trust at any time may require a Paying Agent to pay all money held by it to the TrusteeProperty Trustee and to account for any money disbursed by it. Upon payment over to the Trustee, Property Trustee the Paying Agent (if other than the Company Trust or one an Affiliate of its Subsidiariesthe Trust) shall have no further liability for the money. If the Company Trust or one the Sponsor or an Affiliate of its Subsidiaries the Trust or the Sponsor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Trust Agreement (New South Capital Trust I), Trust Indenture Trust Agreement (New South Capital Trust I)

Paying Agent to Hold Money in Trust. 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 money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagesand premium, Additional Interest, if any, or interest on on, the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one a Subsidiary of its Subsidiariesthe Company) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Dobson Communications Corp), Dobson Communications Corp

Paying Agent to Hold Money in Trust. The Company Issuers shall require each any 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 money held by the Paying Agent for the payment of principal, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuers in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuers 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 Issuers or one of its their respective Subsidiaries) shall have no further liability for the money. If the Company an Issuer or one of its their respective Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuers, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Uniti Group Inc.), Indenture (Communications Sales & Leasing, Inc.)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalAccreted Value, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Company, the Parent Guarantor or any Subsidiary Guarantor in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Xm Satellite Radio Inc, Xm Satellite Radio Holdings Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium principal or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the moneymoney delivered to the Trustee. If the Company or one of its Subsidiaries a Subsidiary acts as Paying AgentAgent (subject to Section 2.03), it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Exhibit T3c (Assisted Living Concepts Inc), Indenture (Assisted Living Concepts Inc)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Restricted Subsidiary) shall have no further liability for the money. If the Company Company, a Restricted Subsidiary or one of its Subsidiaries a Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund funds for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Salton Maxim Housewares Inc), Salton Inc

Paying Agent to Hold Money in Trust. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of, premium or Liquidated Damagespremium, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company Issuer in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company Issuer 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 Issuer or one of its Subsidiariesany Guarantor) shall have no further liability for the moneymoney so paid over to the Trustee. If the Company Issuer or one of its Subsidiaries any Guarantor acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the CompanyIssuer, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Norbord Inc.), Indenture (Norbord Inc.)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or premium, if any, interest and Liquidated Damages, if any, or interest on the Notes, and shall notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Wavetek U S Inc), Imperial Credit Industries Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the such Paying Agent shall will hold in trust for the benefit of Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, principal of or interest on the NotesSecurities (whether such money has been paid to it by the Company or any other obligor on the securities), and shall such Paying Agent will notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its SubsidiariesCompany) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders Securityholders and Trustee all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: Indenture (Sentinel Financing LTD Lp), Indenture (Sentinel Financing LTD Lp)

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium or Liquidated Damages, if any, or interest on the NotesSecurities or other payment in respect of the Securities or otherwise held by it as Paying Agent, and shall will notify the Trustee of any default by the Company in making any such paymentpayment when due. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its Subsidiariesa Subsidiary) shall have no further liability for the money. If the Company or one of its Subsidiaries a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the NotesSecurities.

Appears in 2 contracts

Samples: Kulicke and Soffa (Kulicke & Soffa Industries Inc), Harleysville Group Inc

Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principalprincipal of and premium, premium or if any, interest and Liquidated Damages, if any, or interest on the Notes, and shall will notify the Trustee of any default by the Company in making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. 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 one of its SubsidiariesCompany) shall have no further liability for the money. If the Company or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes.

Appears in 2 contracts

Samples: K&f Industries Inc, K&f Industries Inc

Time is Money Join Law Insider Premium to draft better contracts faster.