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

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 21 contracts

Samples: Indenture (SPX Corp), Supplemental Indenture (Steel Dynamics Inc), Indenture (Sothebys)

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Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. Principal of, premium, if any, and interest (New York City timeincluding Special Interest, if any) on each due date the Notes will be payable at the office of the Paying Agent or, at the option of the Issuers, payment of interest (including Special Interest, if any) may be made by check mailed to Holders at their respective addresses set forth in the Register; provided, all payments of principal, premium, if any, and interest on any Notes(including Special Interest, if any) with respect to the Company Notes represented by one or more Global Notes registered in the name or held by the Depositary shall deposit with the Paying Agent money in be made by wire transfer of immediately available funds sufficient to pay such principalaccounts specified by the Holder prior to 10:00 a.m., premiumNew York time, if any, on each due date of the principal and interest so becoming dueon any Note. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such 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 ofprincipal, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor including Special Interest, if any) on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than an Issuer or a Subsidiary) shall have no further liability for the money so paid over to the Trusteemoney. If the Company an Issuer or any a Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Holders a sum of money sufficient to pay such principalIssuers, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actshall serve as Paying Agent for the Notes.

Appears in 17 contracts

Samples: Fourth Supplemental Indenture (Charter Communications, Inc. /Mo/), Indenture (Cco Holdings LLC), Indenture (Cco Holdings LLC)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 15 contracts

Samples: Indenture (Nextel International Inc), Indenture (Amtran Inc), Indenture (Allegiance Telecom Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date or, in the case of Unregistered Securities, 10:00 a.m. New York City time on the principalBusiness Day prior to the due date, premium, if any, and of any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal Principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal Principal of, premium, if any, or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 14 contracts

Samples: Senior Indenture (MULTI COLOR Corp), Senior Indenture (Ak Steel Holding Corp), Subordinated Indenture (AtriCure, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (Prior to noon, New York City time) , on each due date of on which the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 14 contracts

Samples: Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 14 contracts

Samples: Indenture (Cumulus Media Inc), Indenture (Thor Industries Inc), Indenture (Dun & Bradstreet Holdings, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (10:00 a.m., New York City time) , on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 11 contracts

Samples: Subordinated Indenture (Credit Suisse (Usa) Inc), Senior Indenture (Credit Suisse (Usa) Inc), Indenture (Donaldson Lufkin & Jenrette Inc /Ny/)

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuers shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuers shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuers or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuers or any Guarantor in making any such payment and shall during the continuance of any default by the Issuers (or any other obligor on upon the Notes) or any Guarantor in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuers at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, insolvency, reorganization or similar proceeding with respect to either Issuer, the Company or any Subsidiary of the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 10 contracts

Samples: Indenture (Restaurant Brands International Limited Partnership), Indenture (Restaurant Brands International Limited Partnership), Indenture (New Red Canada Partnership)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing so, complying with this Section 2.04 the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 10 contracts

Samples: Intercreditor Agreement (Cleveland-Cliffs Inc.), Indenture (Cliffs Natural Resources Inc.), Registration Rights Agreement (Cleveland-Cliffs Inc.)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City Eastern time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 9 contracts

Samples: Passu Intercreditor Agreement (BMC Stock Holdings, Inc.), Indenture (Carvana Co.), Indenture (21st Century Oncology Holdings, Inc.)

Paying Agent to Hold Money in Trust. Not No later than 11:00 10:00 a.m. (New York City time) time on each due date of the principalprincipal of, premium, interest and premium (if any, and interest ) on any NotesNote, the Company Issuers shall deposit with the Paying Agent money (or if either Issuer or a Restricted Subsidiary of either Issuer is acting as Paying Agent, segregate and hold in immediately available funds trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal, premium, interest and premium (if any, and interest ) when so becoming duedue and subject to receipt of such monies, the Paying Agent shall make payment on the Notes in accordance with this Indenture. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing (and each Paying Agent party to this Indenture agrees) that such 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 ofprincipal, premium, interest and premium (if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor ) on the Notes), and but such Paying Agent may use such monies as banker in the ordinary course of business without accounting for profits (other than in the case of Article 8), and shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) Issuers in making any such payment. If either Issuer or a Restricted Subsidiary acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disburseddisbursed by the Paying Agent. Upon doing socomplying with this Section, the Paying Agent shall have no further liability for the money so paid over delivered to the Trustee. If For the Company or any Subsidiary avoidance of doubt, the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent and the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money Trustee shall be paid held harmless and have no liability with respect to such Holders payments or disbursements to be made by the Paying Agent and Trustee for which payment instructions are not made or that are not otherwise disposed of as provided deposited by the respective times set forth in this Indenture, and will promptly notify the Trustee of its action or failure to actSection 2.05.

Appears in 9 contracts

Samples: Senior Indenture (NXP Semiconductors N.V.), Senior Indenture (NXP Semiconductors N.V.), Indenture (NXP Semiconductors N.V.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent Agent, if any, other than the Trustee to agree in writing that such 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 of, premium, if any, and or interest on the Equipment Notes (whether such money has been paid to it by the Company or any other obligor the Guarantor on the Equipment Notes), and that such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor the Guarantor on the Equipment Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Equipment Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actact as required by this Section 2.04.

Appears in 9 contracts

Samples: Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc), Indenture and Security Agreement (Trinity Industries Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) Principal of, premium, if any, and interest on each due date the Notes will be payable at the office of the Paying Agent or, at the option of the Issuers, payment of interest may be made by check mailed to Holders at their respective addresses set forth in the Register; provided, all payments of principal, premium, if any, and interest on any Notes, with respect to the Company Notes represented by one or more Global Notes registered in the name or held by the Depositary shall deposit with the Paying Agent money in be made by wire transfer of immediately available funds sufficient to pay such principalaccounts specified by the Holder prior to 10:00 a.m., premiumNew York time, if any, on each due date of the principal and interest so becoming dueon any Note. The Company Issuers shall require each Paying Agent other than the Trustee to agree in writing that such 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 ofprincipal, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over to the Trusteemoney. If the Company or any a Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Holders a sum of money sufficient to pay such principalIssuers, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actshall serve as Paying Agent for the Notes.

Appears in 7 contracts

Samples: Third Supplemental Indenture (Charter Communications, Inc. /Mo/), Indenture (Charter Communications, Inc. /Mo/), Fourth Supplemental Indenture (Charter Communications, Inc. /Mo/)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 7 contracts

Samples: Indenture (Pacificare Health Systems Inc /De/), Indenture (Dobson Wireline Co), Indenture (Bti Telecom Corp)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City Eastern time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 7 contracts

Samples: Indenture (ExamWorks Group, Inc.), Junior Lien Intercreditor Agreement (Bankrate, Inc.), Indenture (Igate Corp)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or any of its Subsidiaries acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 7 contracts

Samples: Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Third Lien Intercreditor Agreement (Frontier Communications Parent, Inc.), Initial Agreement (Frontier Communications Corp)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each the Business Day prior to the due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in timely making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on in accordance with the Notestimes set forth above, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 6 contracts

Samples: Uil Holdings Corp, Uil Holdings Corp, Uil Holdings Corp

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and of or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such the Company and the Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. Unless the Company, any Subsidiary or any Affiliate of any of them is the Paying Agent, money held in trust by the Paying Agent need not be segregated except as required by law and in no event shall the Paying Agent be liable for any interest on any money received by it hereunder. The Company at any time may require a the Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, disbursed and the Trustee may at any time during the continuance of any payment defaultEvent of Default specified in Section 6.01(a) or (b), upon written request to a the Paying Agent, require such Paying Agent to pay forthwith all money so held by it to the Trustee and to account for any funds disbursed. Upon doing somaking such payment, the Paying Agent shall have no further liability for the money so paid over delivered to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, Agent it willshall, on or before each due date of any the principal of, premium, if any, of or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders Persons entitled thereto a sum of money sufficient to pay such principal, premium, if any, the principal or interest so becoming due until such sum of money sums shall be paid to such Holders Persons or otherwise disposed of as herein provided in this Indenture, and will promptly notify the Trustee of its action or failure so to act.

Appears in 6 contracts

Samples: Loral Cyberstar (Loral Space & Communications LTD), Indenture (Loral Space & Communications LTD), Loral Cyberstar (Loral Space & Communications LTD)

Paying Agent to Hold Money in Trust. Not later than By 11:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and or interest so becoming when due. The Company shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this SECTION 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If the Company Upon any bankruptcy, reorganization or similar proceeding with respect to any Subsidiary of the Company or any Affiliate of any of them acts Company, the Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 6 contracts

Samples: Indenture (iHeartMedia, Inc.), Indenture (Broader Media, LLC), Indenture (iHeartMedia, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date or, in the case of Unregistered Securities, 10:00 a.m. New York City time on the Business Day prior to the due date, of any principal, interest or premium, if any, and interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so or premium becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, of and interest or premium, if any, on such Securities and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default Default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of any payment defaultPayment 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it willshall, on or before each due date of any principal ofprincipal, premium, if any, interest or interest premium on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, interest or interest premium so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee in writing of its action or failure to actact as required by this Section 2.06.

Appears in 6 contracts

Samples: Indenture (Calpine Corp), Indenture (TD AMERITRADE Online Holdings Corp.), Indenture (TD AMERITRADE Online Holdings Corp.)

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuers shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuers shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuers or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuers or any Guarantor in making any such payment and shall during the continuance of any default by the Issuers (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuers or a Subsidiary of the Issuers acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuers at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuers or a Subsidiary of the Issuers) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuers, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 6 contracts

Samples: Indenture (Ladder Capital Corp), Indenture (Ladder Capital Finance Corp), Indenture (Ladder Capital Corp)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the on which any principal, premium, if any, and or interest (including any Additional Interest) on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and or interest so becoming (including any Additional Interest) when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Noteholders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest (including any Additional Interest) on the Notes (whether such money has been paid to it Notes, shall notify the Trustee in writing of any default by the Company or in making any other obligor on such payment and shall, during the Notes), and such Paying Agent shall promptly notify the Trustee continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes. If either of the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 6 contracts

Samples: Indenture (Expedia Group, Inc.), Purchase Agreement (Expedia, Inc.), Indenture (Expedia, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) Principal of, premium, if any, and interest on each due date the Notes will be payable at the office of the Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their respective addresses set forth in the Note Register; provided, all payments or principal, premium, if any, and interest on any Notes, with respect to the Company Notes represented by one or more Global Notes registered in the name or held by the Depositary shall deposit with the Paying Agent money in be made by wire transfer of immediately available funds sufficient to pay such principalaccounts specified by the Holder prior to 10:00 a.m., premiumNew York time, if any, on each due date of the principal and interest so becoming dueon any Note. The Company shall require each Paying Agent other than the Trustee to agree in writing that such 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 ofprincipal, premium, if any, and premium or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) in making any such payment. While any such default continues, the Trustee may require a Paying Agent, and in such event any such Paying Agent shall have the obligation, 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over to the Trusteesuch money. If the Company or any a Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of the Holders a sum of all money sufficient held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to pay such principalthe Company, premium, if anythe Trustee shall serve as Paying Agent for the Notes. Any money deposited with any Paying Agent, or then held by the Company or a domestic Subsidiary in trust for the payment of principal or interest so becoming on any Note and remaining unclaimed for two years after such principal and interest has become due until such sum of money and payable shall be paid to the Company at its request, or, if then held by the Company or a domestic Subsidiary, shall be discharged from such trust; and the Holders or otherwise disposed of shall thereafter, as provided in this Indenturegeneral unsecured creditors, look only to the Company for payment thereof, and will promptly notify all liability of the Trustee Paying Agent with respect to such money, and all liability of its action the Company or failure to actsuch permitted Subsidiary as trustee thereof, shall thereupon cease.

Appears in 6 contracts

Samples: Indenture (Scotts Miracle-Gro Co), Scotts Miracle-Gro Co, Scotts Miracle-Gro Co

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal ofprincipal, premium, if any, and of or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), Securities) and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) Subsidiary Guarantor in making any such payment. If any Subsidiary Guarantor of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than a Subsidiary Guarantor of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 6 contracts

Samples: Indenture (Libbey Inc), Indenture (Conexant Systems Inc), Indenture (Libbey Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (12:00 p.m., New York City time) , on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the each Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent Agent, if any, other than the Trustee a Paying Agent that is a party to this Indenture to agree in writing that such 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 of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and that such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actact as required by this Section 2.05.

Appears in 6 contracts

Samples: Kansas City Southern, Kansas City Southern, Kansas City Southern De Mexico, S.A. De C.V.

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) Principal of, premium, if any, and interest on each due date the Notes will be payable at the office of the Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to Holders at their respective addresses set forth in the Register; provided, all payments of principal, premium, if any, and interest on any Notes, with respect to the Company Notes represented by one or more Global Notes registered in the name or held by the Depositary shall deposit with be made by wire transfer of immediately available funds to the Paying Agent money in immediately available funds sufficient prior to pay such principal10:00 a.m., premiumNew York time, if any, on each due date of the principal and interest so becoming dueon any Note. The Company shall require each Paying Agent other than the Trustee to agree in writing that such 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 ofprincipal, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over to the Trusteemoney. If the Company or any a Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Holders a sum of money sufficient to pay such principalCompany, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actshall serve as Paying Agent for the Notes.

Appears in 5 contracts

Samples: First Supplemental Indenture (Wyndham Worldwide Corp), Supplemental Indenture (W R Grace & Co), Indenture (Wyndham Hotels & Resorts, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on On or prior to each due date of the principalprincipal of, premium, if any, and interest on any NotesNote, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default Default by the Company (or any other obligor on the Notes) 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 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 and account accounting 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 doing so, the Paying Agent (if other than the Company or one of its wholly owned Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If the Company or any Subsidiary one of the Company or any Affiliate of any of them its wholly owned Subsidiaries acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of the Holders a sum of the Notes all money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of held by it as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actPaying Agent.

Appears in 5 contracts

Samples: Indenture (Science Craftsman INC), Esterline Technologies Corp, Esterline Technologies Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. 12:00 p.m. (New York City Eastern time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) Eastern time on each due date of the principal, premium, if any, and interest on any Notes, the Company Issuer shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duedue on the due date for payment under the Notes. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company Issuer or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company Issuer (or any other obligor on the Notes) in making any such payment. The Company Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company Issuer or any Affiliate of any of them the Issuer acts as Paying Agent, it willshall, on or before each due date of any principal ofprincipal, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Digicel Group LTD, Digicel Group LTD, Digicel Group LTD

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, on or interest and interest on Additional Interest, if any, on, any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, interest and Additional Interest, if any, and interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, or premium, if any, on, and interest on and Additional Interest, if any, on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) Guarantor in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Supplemental Indenture (Venoco, Inc.), Venoco, Inc., BMC, Ltd.

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date of the principal, premium, if any, and or interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and or interest so becoming due. The Company shall require each Paying Agent Agent, if any, other than the Trustee to agree in writing that such 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 of, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and that such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actact as required by this Section 2.05.

Appears in 5 contracts

Samples: Icg Services Inc, Viatel Inc, Viatel Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Each Paying Agent money in immediately available funds sufficient appointed pursuant to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent Section 4.02 shall hold in trust for the benefit of the Holders or the Trustee Persons entitled thereto, without interest, all money held by the such Paying Agent for the payment of principal of, premium, if any, and interest on the Notes Securities (whether such money has been paid to it by the Company or any other obligor on the NotesSecurities), and such Paying Agent shall promptly notify the Trustee in writing of any default Default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money 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 Trustee and account for any funds disbursed, disbursed and the Trustee may at any time during the continuance of any payment defaultDefault, 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 doing sopayment of all funds held by it to the Trustee, the Paying Agent shall have no further liability for the money so paid over such money. As provided in Section 6.04 hereof, in any bankruptcy, insolvency, reorganization or other similar proceeding relative to the Trustee. If the Company or any Subsidiary of other obligor on the Securities, the Trustee shall serve as Paying Agent for the Securities; provided that the foregoing shall not relieve the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actobligations under Section 4.02.

Appears in 5 contracts

Samples: Tia Indenture (Toyota Auto Lease Trust 1998-B), Tia Indenture (Toyota Lease Trust), Toyota Motor Credit Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City Eastern time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Indenture (TUTOR PERINI Corp), Indenture (Builders FirstSource, Inc.), Indenture (Builders FirstSource, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on On or prior to each due date of the principalprincipal of, premium, if any, and interest on any NotesNote, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default Default by the Company (or any other obligor on the Notes) 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 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 and account accounting 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 doing so, the Paying Agent (if other than the Company or one of its wholly owned Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If the Company or any Subsidiary one of the Company or any Affiliate of any of them its wholly owned Subsidiaries acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of the Holders a sum of all money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of held by it as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actPaying Agent.

Appears in 5 contracts

Samples: Indenture (Landrys Restaurants Inc), Indenture (Landrys Restaurants Inc), Indenture (Landrys Restaurants Inc)

Paying Agent to Hold Money in Trust. Not later than On or prior to 11:00 a.m. (a.m., New York City time) , on each due date of the principal, premium, if any, principal and interest on any NotesSecurity, the Company shall deposit with the Paying Agent a sum of money denominated in the currency of such payment, in immediately available funds funds, sufficient to pay such principal, premium, if any, principal and interest so becoming in funds available when such becomes due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such the Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and of or interest on the Notes Securities (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities) and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or a Subsidiary or an Affiliate of the Company acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Securityholders. If the Company defaults in its obligation to deposit funds for the payment of principal and interest the Trustee may, during the continuation of such default, 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 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 disburseddisbursed by it. Upon doing so, the Paying Agent (other than the Company or a Subsidiary or Affiliate of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Indenture (Calpine Capital Trust Iv), Indenture (Calpine Canada Energy Finance Ulc), Indenture (Calpine Canada Energy Finance Ulc)

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 5 contracts

Samples: Chiron Merger (Kinetic Concepts Inc), Indenture (Bankrate, Inc.), Second Agreement (H. J. Heinz Corp II)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (10:00 a.m., New York City time) , on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company Company, the Guarantor or any Subsidiary affiliate of the Company or any Affiliate of any of them the Guarantor acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 5 contracts

Samples: Senior Indenture (Credit Suisse Group), Default and Remedies (Credit Suisse Group), Credit Suisse Group

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) on each due date of the principal, premium, if any, and any principal of or interest on the Securities of any Notesseries, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, principal and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, of and interest on the Notes Securities of such series (whether such money has been paid to it by the Company or any other obligor on the NotesSecurities of such series), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the NotesSecurities of such series) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, of or interest on the NotesSecurities of any series, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Dean Foods Co/), Indenture (GameStop Corp.), Model Dairy, LLC

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on Notes of any Notesseries, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the such Notes (whether such money has been paid to it by the Company or any other obligor on the such Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the such Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the such Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Jsce Inc, Registration Rights Agreement (Stone Container Corp), Registration Rights Agreement (Jsce Inc)

Paying Agent to Hold Money in Trust. Not later than Prior to 11:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall automatically serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Surgery Center (Surgery Partners, Inc.), Indenture (Surgery Partners, Inc.), Indenture (Surgery Partners, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Prior to each due date of the principal, premium, if any, and interest on any NotesNote, the Company shall deposit with the each Paying Agent money (or if the Company or a Wholly-Owned Subsidiary is acting as Paying Agent, segregate and hold in immediately available funds trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal, premium, if any, premium and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) 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. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as 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 Trustee 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 disburseddisbursed by the Paying Agent. Upon doing socomplying with this Section, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy or reorganization proceedings relating to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Polypore International, Inc.), Indenture (Daramic, LLC), Indenture (Polypore International, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Nexstar Media Group, Inc.), Indenture (Nexstar Broadcasting Group Inc), Indenture (Nexstar Media Group, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) on each due date of the principal, premium, if any, Redemption Price of and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if anyRedemption Price, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if anyRedemption Price, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if anyRedemption Price, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if anyRedemption Price, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: And Voting Agreement (Advanced Lighting Technologies Inc), Indenture (Advanced Lighting Technologies Inc), Advanced Lighting Technologies Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor Obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor Obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Tw Telecom Inc.), Indenture (Tw Telecom Inc.), Indenture (Tw Telecom Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (10:00 a.m., New York City time) , on each due date of the principal, premium, if any, and any Principal or interest on any NotesDebt Securities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Debt Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Debt Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Debt Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 4 contracts

Samples: Indenture (CVS Corp), CVS (CVS Caremark Corp), Indenture (CVS Corp)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Except as otherwise provided herein, prior to each due date of the principal, premium, if any, and interest on any NotesNote, the Company shall deposit with the Paying Agent a sum of money in immediately available funds sufficient to pay such principal, premium, if any, and interest or Liquidated Damages so becoming due. The Company shall require each Paying Agent (other than the Trustee or the Company) to agree in writing that such 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 ofprincipal, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), ) and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. At any time during the continuance of any such default, the Paying Agent shall, upon the request of the Trustee, forthwith pay to the Trustee all money so held in trust and account for any money disbursed to it. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disbursedmoney disbursed by it. Upon doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company Company, a Subsidiary or any Subsidiary of the Company or any an Affiliate of any either of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on shall segregate the Notes, segregate money held by it as Paying Agent and hold in it as a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actfund.

Appears in 4 contracts

Samples: Nortek Inc, Nortek Inc, Nortek Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (Prior to 10:00 a.m., New York City time) , on each due date of the on which any principal, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, or premium, if any, and interest on or interest, if any, on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Holders. The Company at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and account for any funds disbursedTrustee, and the Trustee may at any time during the continuance of any payment defaultEvent of Default under Section 6.01(a) or (b), upon written request to a Paying Agent, require such Paying Agent to forthwith pay all money held by it to the Trustee and all sums so held in trust by such Paying Agent and, in each case, to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section 2.04, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Comstock Resources Inc), Restricted Notes (Comstock Resources Inc), Indenture (Comstock Resources Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. am (New York, New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duedue on the due date for payment under the Notes. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it willshall, on or before each due date of any principal ofprincipal, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (a.m., New York City time) , on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (loanDepot, Inc.), Indenture (TripAdvisor, Inc.), loanDepot, Inc.

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principalprincipal of, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principalprincipal of, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (PAETEC Holding Corp.), Security Agreement (PAETEC Holding Corp.), Indenture (PAETEC Holding Corp.)

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of on which the principalprincipal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each the Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 4 contracts

Samples: Indenture (Community Health Systems Inc), Indenture (Community Health Systems Inc), First Supplemental Indenture (Community Health Systems Inc)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principal, premium, if any, and on which any principal or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and principal or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the NotesSecurities), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Subsidiary Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the NotesSecurities) in the making of any payment in respect of the Securities, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Securities together with a full accounting thereof. If the Company or a Restricted Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Restricted Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 4 contracts

Samples: Indenture (CNX Resources Corp), Indenture (CNX Resources Corp), Indenture (CNX Resources Corp)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Prior to each due date of the principalprincipal of, premium, premium if any, and interest on any Notesthe Securities, the Company shall deposit with the each Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall it will hold in trust for the benefit of the Holders Holder of Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, premium if any, and or interest on the Notes (whether such money has been paid Securities and to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee immediately in writing of any default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or a Subsidiary thereof acts as Paying Agent, it shall on or before each due date of the principal of, premium, if any, or interest on any Securities segregate the money 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 Trustee 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 forthwith pay all money held by it to the Trustee all sums so held in trust by such Paying Agent and to account for any funds disbursed. Upon doing so, the Paying Agent (other than the Company or a Subsidiary thereof) shall have no further liability for the money. Any money so paid over to deposited with the Trustee. If the Company Trustee or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it willor then held by the Company, on or before each due date in trust for payment of any the principal of, premium, if any, or interest on the Notes, segregate any Security and hold in a separate trust fund remaining unclaimed for the benefit of the Holders a sum of money sufficient to pay two years after such principal, and premium, if any, or interest so becoming has become due until such sum and payable shall, subject to the requirements of money shall applicable law, be paid to the Company upon its request; and the Holder of such Holders or otherwise disposed of as provided in this IndentureSecurity shall thereafter look only to the Company for payment thereof, and will promptly notify all liability of the Trustee of its action or failure such Paying Agent with respect to actsuch trust money shall thereupon cease.

Appears in 4 contracts

Samples: Indenture (Interpool Inc), Indenture (Interpool Inc), Indenture (Interpool Inc)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the such Paying Agent for the payment of principal ofprincipal, premium, if any, and of or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), Securities) and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) Subsidiary Guarantor in making any such payment. If a Subsidiary Guarantor of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section, the Paying Agent (if other than a Subsidiary Guarantor of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 3 contracts

Samples: Indenture (J.M. Tull Metals Company, Inc.), Indenture (Ryerson Tull Inc /De/), Argo Tech Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or and the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Intercreditor Agreement (MICROSTRATEGY Inc), Passu Intercreditor Agreement (CPI Card Group Inc.), Moneygram International Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (12:00 p.m. New York City time) time on each the Business Day prior to the due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 3 contracts

Samples: Banco Santander (Banco Santander (Brasil) S.A.), Banco Santander (Banco Santander (Brasil) S.A.), Banco Santander (Banco Santander (Brasil) S.A.)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principal, premium, if any, and on which any principal or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and principal or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the NotesSecurities), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Subsidiary Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the NotesSecurities) in the making of any payment in respect of the Securities, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Securities together with a full accounting thereof. If the Company or a Restricted Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Restricted Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 3 contracts

Samples: Intercreditor Agreement (CONSOL Mining Corp), Indenture (CONSOL Energy Inc), Indenture (CONSOL Energy Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 ----------------------------------- a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Itc Deltacom Inc, Itc Deltacom Inc, Urs Corp /New/

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Each 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 of, premiumthe Accreted Value of and interest, if any, and interest on on, the Notes Securities (whether such money has been paid distributed to it by the Company or any other obligor on the NotesSecurities), and such the Company (or any other obligor on the Securities) and the Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or an Affiliate of the Company acts as Paying Agent, it shall segregate the money and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay distribute all money held by it to the Trustee and account for any funds disbursed, disbursed and the Trustee may at any time during the continuance of any default in the payment defaultof the Accreted Value of and interest, if any, on the Securities, 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 disburseddistributed. Upon doing so, the Paying Agent (other than an obligor on the Securities) shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Indenture (Cai Wireless Systems Inc), Indenture (Cai Wireless Systems Inc), Indenture (Cai Wireless Systems Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Whenever the Company has one or more Paying Agents it shall, prior to each due date of the principalPrincipal of or interest on, premium, if any, and interest on any Notes, the Company shall deposit with the a Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and the Principal or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such Principal or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of its action or failure so to act. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of the Notes, or the Trustee Trustee, all money held by the Paying Agent for the payment of principal of, premium, if any, and Principal or interest on the Notes (whether Notes, and that such money has been paid to it Paying Agent shall notify the Trustee of any Default by the Company or any other obligor on of the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) Notes in making any such paymentpayment and at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. If the Company or an Affiliate 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. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disbursedTrustee. Upon doing soso doing, the Paying Agent (if other than the Company or an Affiliate of the Company) shall have no further liability for the money so paid over such money. Upon any bankruptcy or reorganization proceedings relating to the Trustee. If Company, the Company or any Subsidiary of the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Indenture (Owens Illinois Group Inc), Indenture (Owens Illinois Inc /De/), Indenture (Owens Illinois Group Inc)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the NotesSecurities), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Subsidiary Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the NotesSecurities) in the making of any payment in respect of the Securities, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Securities together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 3 contracts

Samples: Indenture (Cellu Tissue Holdings, Inc.), Indenture (Prospect Medical Holdings Inc), Indenture (Cellu Tissue - CityForest LLC)

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Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Indenture (Time Warner Telecom Inc), Indenture (Time Warner Telecom Inc), Time Warner Telecom Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (Unless otherwise specified herein, prior to 10:00 a.m., New York City time) , on each due date of the principalpayment of principal of, premiumor interest on, if any, and interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and principal or interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such A Paying Agent shall hold in trust for the benefit of the Holders of Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premiumor interest on, if anythe Securities, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default failure by the Company (or any other obligor on the Notes) in making to make any such payment. If the Company or an Affiliate of the Company acts as Paying Agent, it shall, before 10:00 a.m., New York City time, on each due date of the principal of, or interest on, any Securities, segregate the money and hold it as a separate trust fund for the benefit of Holders. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursedTrustee, and the Trustee may at any time during the continuance of any payment defaultDefault, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it forthwith to the Trustee and to account for any funds disbursedall sums so held in trust by such Paying Agent. Upon doing so, the Paying Agent (other than the Company) shall have no further liability for the money. Any money so deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or interest on any Security and remaining unclaimed for two years after such principal or interest has become due and payable shall promptly be paid over to the Trustee. If the Company or any Subsidiary (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company or any Affiliate of any of them acts as Paying Agenttrustee thereof, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actthereupon cease.

Appears in 3 contracts

Samples: Indenture (Jakks Pacific Inc), Indenture (BGC Partners, Inc.), Indenture (Jakks Pacific Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such each Paying Agent shall hold in trust for the benefit of the Holders holders or the Trustee all money assets held by the Paying Agent for the payment of principal of, premiumor interest on, if any, and interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default Default by the Company (or any other obligor on the Notes) in making any such payment. In the event that the Paying Agent receives funds in advance of any due date, the Paying Agent shall be entitled to invest such funds in the U.S. Bank Money Market Deposit Account or any substantially similar successor account, any earnings on which shall be for the account of the Company. The Company at any time may require a Paying Agent to pay distribute all money assets held by it to the Trustee and account for any funds disbursed, assets disbursed and the Trustee may at any time during the continuance of any payment defaultDefault, upon written request to a Paying Agent, require such Paying Agent to pay distribute all money assets held by it to the Trustee and to account for any funds disbursedassets distributed. Upon doing sodistribution to the Trustee of all assets that shall have been delivered by the Company to the Paying Agent, the Paying Agent shall have no further liability for the money so paid over such assets. Upon any bankruptcy, reorganization or similar proceeding with respect to the Trustee. If Company, the Company or any Subsidiary of the Company or any Affiliate of any of them acts Trustee shall automatically serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Supplemental Indenture (Western Digital Corp), Western Digital Corp, WD Media, LLC

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (10:00 a.m., New York City time) on , each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. However, the Company, at its option, may pay principal, premium, if any, and interest by its check payable in such money. It may mail an interest check to a Holder's registered address (as reflected in the Note Register). The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Indenture (Econophone Inc), Indenture (Econophone Inc), Econophone Inc

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company Issuer shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company Issuer shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company Issuer or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company Issuer or any Guarantor in making any such payment and shall during the continuance of any default by the Issuer (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Issuer or a Subsidiary of the Issuer acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company Issuer at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this ‎Section 2.4, the Paying Agent (if other than the Issuer or a Subsidiary of the Issuer) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Issuer, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Ryan Specialty (Ryan Specialty Group Holdings, Inc.), Indenture (Dun & Bradstreet Holdings, Inc.), Indenture (Option Care Health, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. am (New York, New York City time) on each due date of the principalprincipal of, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principalprincipal of, premium, if any, and interest so becoming duedue on the due date for payment under the Notes. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it willshall, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principalprincipal of, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee of its action or failure to act. For the avoidance of doubt, the Paying Agent shall not be obligated or liable to make any payment of principal of, premium, if any, and interest on the Notes until such time that it has received funds from the Company sufficient to pay such payment.

Appears in 3 contracts

Samples: Indenture (Sealed Air Corp/De), Indenture (Sealed Air Corp/De), Sealed Air Corp/De

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the Holders' benefit of the Holders or the Trustee all money held by the Paying Agent holds for redemption or purchase of the Senior Notes or for the payment of principal of, or premium, if any, and or interest on on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Senior Notes), and such Paying Agent shall will promptly notify the Trustee of any default Default by the Company in providing the Paying Agent with sufficient funds to (i) purchase Senior Notes tendered pursuant to an Offer arising under Section 4.13 hereof, (ii) redeem Senior Notes called for redemption, or (iii) make any other obligor payment of principal, premium or interest due on the Senior Notes) in making . While any such paymentDefault continues, the Trustee may require the Paying Agent to pay all money it holds to the Trustee and to account for any funds disbursed. The Company at any time may require a the Paying Agent to pay all money held by it to the Trustee 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 holds to the Trustee and to account for any funds disbursed. Upon doing sopayment over to the Trustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for the money so paid over it delivered to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them its Subsidiaries acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the Holders' benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actall money it holds as Paying Agent.

Appears in 3 contracts

Samples: Indenture (Ameriking Inc), Indenture (Ameriking Inc), Indenture (Ameriking Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Whenever the Company has one or more Paying Agents it shall, prior to each due date of the principalPrincipal of or interest on, premium, if any, and interest on any Notes, the Company shall deposit with the a Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and the Principal or interest so becoming due. The , such sum to be held in trust for the benefit of the Persons entitled to such Principal or interest, and (unless such Paying Agent is the Trustee) the Company shall require each promptly notify the Trustee of its action or failure so to act. Each Paying Agent other than the Trustee party to agree in writing this Indenture hereby agrees that such Paying Agent shall hold in trust for the benefit of the Holders of the Notes, or the Trustee Trustee, all money held by the such Paying Agent for the payment of principal of, premium, if any, and Principal or interest on the Notes (whether Notes, and that such money has been paid to it Paying Agent shall notify the Trustee of any Default by the Company or any other obligor on of the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) Notes in making any such paymentpayment and at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. If the Company or an Affiliate 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. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disbursedTrustee. Upon doing soso doing, the Paying Agent (if other than the Company or an Affiliate of the Company) shall have no further liability for the money so paid over such money. Upon any bankruptcy or reorganization proceedings relating to the Trustee. If Company, the Company or any Subsidiary of the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 3 contracts

Samples: Indenture (Owens Illinois Group Inc), Indenture (Owens Illinois Group Inc), Indenture (Owens-Illinois Healthcare Packaging Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 Except as otherwise provided herein, prior to 10:00 a.m. (New York City time) time on each due date of the principal, principal of and premium, if any, and interest on any NotesDebenture, the Company shall deposit with the Paying Agent (or if the Company or an Affiliate is the Paying Agent, shall segregate and hold in trust or cause such Affiliate to segregate and hold in trust) a sum of money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent (other than the Trustee or the Company) to agree in writing that such Paying Agent shall (i) hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, of and premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Debentures and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment; and (ii) at any time during the continuance of any such default, upon the request of the Trustee, pay to the Trustee all money so held in trust and 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 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 disbursedmoney disbursed by it. Upon doing so, the Paying Agent (if other than the Company) shall have no further liability for the money so paid over to the Trustee. If the Company Company, a Subsidiary or any Subsidiary of the Company or any an Affiliate of any either of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on shall segregate the Notes, segregate money held by it as Paying Agent and hold in it as a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actHolders.

Appears in 2 contracts

Samples: Prudential Financial Inc, Prudential Financial Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 Prior to 10:00 a.m. (New York City time) , on each due date of the on which any principal, premium, if any, and interest or Cash Interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest Cash Interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, or premium, if any, and interest on or Cash Interest, if any, on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Holders. The Company at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and account for any funds disbursedTrustee, and the Trustee may at any time during the continuance of any payment defaultEvent of Default under Section 6.01(a) or (b), upon written request to a Paying Agent, require such Paying Agent to forthwith pay all money held by it to the Trustee and all sums so held in trust by such Paying Agent and, in each case, to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section 2.04, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Supplemental Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or any failure to actact as required by this Section.

Appears in 2 contracts

Samples: Indenture (Aes Trust V), Indenture (Aes Trust Ii)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 2 contracts

Samples: Indenture (Sothebys Holdings Inc), Sothebys Holdings Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) time on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal Principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal Principal of, premium, if any, or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 2 contracts

Samples: Grede LLC, Grede LLC

Paying Agent to Hold Money in Trust. Not later than 11:00 ----------------------------------- a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Ipc Information Systems Inc, Marvel Enterprises Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company Issuer shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company Issuer shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company Issuer or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company Issuer (or any other obligor on the Notes) in making any such payment. The Company Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company Issuer or any Subsidiary of the Company Issuer or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Multicare Companies Inc), Genesis Eldercare Acquisition Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Execution Version (Reynolds Group Holdings LTD), Indenture (Versum Materials, Inc.)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Us Xchange LLC), Indenture (Advanced Lighting Technologies Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date or, in the case of Unregistered Securities, 10:00 a.m. New York City time on the principalBusiness Day prior to the due date, premiumof any Principal or interest, if any, and interest on any NotesSecurities, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and Principal or interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premiumPrincipal of and interest, if any, on such Securities and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it willshall, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee in writing of its action or failure to actact as required by this Section 2.06.

Appears in 2 contracts

Samples: Indenture (Western Union CO), Indenture (Western Union CO)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (12:00 noon, New York City time) , on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent Agent, if any, other than the Trustee to agree in writing that such 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 of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and that such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actact as required by this Section 2.05.

Appears in 2 contracts

Samples: Indenture (Kansas City Southern), Indenture (TFM Sa De Cv)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (a.m., New York City time) , on each due the date on which any principal of the principal, premium, if any, and or interest on any NotesSecurity or any Additional Voluntary Conversion Interest Payment or Additional Post-Termination Interest Payment thereon is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principalprincipal or interest, premium, if any, and interest so becoming Additional Voluntary Conversion Interest Payment or Additional Post-Termination Interest Payment when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the such Paying Agent for the payment of principal of or interest on, or Additional Voluntary Conversion Interest Payment or Additional Post-Termination Interest Payment in respect of, premium, if any, the Securities and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) Subsidiary Guarantor in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section 2.06, the Paying Agent (if other than the Company or a Subsidiary) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 2 contracts

Samples: Indenture (Pier 1 Imports Inc/De), Pier 1 Imports Inc/De

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on At least one Business Day prior to each due date of the principalprincipal of, premium, premium if any, and interest on any NotesSecurities, the Company shall deposit with the each Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall it will hold in trust for the benefit of the Holders of Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, premium if any, and or interest on the Notes (whether such money has been paid Securities and to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall on or before each due date of the principal of, premium, if any, or interest on any Securities segregate the money 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 Trustee 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 forthwith pay all money held by it to the Trustee and to account for any funds disbursedall sums so held in trust by such Paying Agent. Upon doing so, the Paying Agent (if other than the Company or a Subsidiary thereof) shall have no further liability for the money so paid over to the Trusteemoney. If the Company or any Subsidiary The final installment of the Company or any Affiliate principal of any of them acts as Paying Agent, it will, on or before each due date of any principal of, and premium, if any, on each Security shall be payable only upon surrender of such Security at the office or interest on the Notes, segregate and hold in a separate trust fund for the benefit agency of the Holders a sum Company maintained for such purpose. Payments of money sufficient to pay such principal, principal and premium, if any, or and interest so becoming due until such sum of money on this Security shall be paid made at the office or agency of the Company maintained for such purpose, or, in the case of any such payments other than the final payment of principal and premium, if any, at the Company's option, by check mailed to the Person entitled thereto at such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify Person's address last appearing on the Trustee of its action or failure to actSecurity Register maintained by the Registrar.

Appears in 2 contracts

Samples: Indenture (Alternative Living Services Inc), Assisted Living Concepts Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it willshall, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will shall promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Ingram Micro Inc, Knology Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) time on each due date of the principal, premium, if any, and any Principal or interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming duePrincipal or interest. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Notes or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the such Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary Affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 2 contracts

Samples: Indenture (Aes Corporation), Senior Indenture (Aes Corporation)

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 ----------------------------------- a.m. (New York City time) on each due date of the principal, premium, if any, and any principal of or interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, principal and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, of or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Indenture (Aon Corp)

Paying Agent to Hold Money in Trust. Not later than Prior to 11:00 a.m. (New York City time) , on each due date of the on which any principal, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, or premium, if any, and interest on interest, if any, or Additional Amounts, if any, on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Holders. The Company at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and account for any funds disbursedTrustee, and the Trustee may at any time during the continuance of any payment defaultEvent of Default under Section 6.01(a) or (b), upon written request to a Paying Agent, require such Paying Agent to forthwith pay all money held by it to the Trustee and all sums so held in trust by such Paying Agent and, in each case, to account for any funds disburseddisbursed by such Paying Agent. Upon doing socomplying with this Section, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Pacific Drilling S.A.), Vantage Drilling International

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Whenever the Company has one or more Paying Agents it shall, prior to each due date of the principalPrincipal of or interest on, premium, if any, and interest on any Notes, deposit with a Paying Agent a sum sufficient to pay the Principal or interest so becoming due and (unless such Paying Agent is the Trustee) the Company shall deposit with promptly notify the Paying Agent money in immediately available funds sufficient Trustee of its action or failure so to pay such principal, premium, if any, and interest so becoming dueact. The Company shall will require each Paying Agent other than the Trustee to agree in writing writing, and each Paying Agent which is a party to this Indenture, by its execution hereof, hereby agrees, that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and Principal or interest on the Notes (whether Notes, and that such money has been paid to it Paying Agent shall notify the Trustee of any Default by the Company or any other obligor on of the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) Notes in making any such paymentpayment and at any time during the continuance of any such Default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held by such Paying Agent. If the Company or an Affiliate 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. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disburseddisbursed by the Paying Agent. Upon doing soso doing, the Paying Agent (if other than the Company or an Affiliate of the Company) shall have no further liability for the money so paid over such money. Upon any bankruptcy or reorganization proceedings relating to the TrusteeCompany, the Trustee shall serve as Paying Agent for the Notes. If A Paying Agent shall not be obliged to pay the Company or any Subsidiary Holders of the Company Notes (or make any Affiliate other payment) unless and until such time as it has confirmed receipt of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money funds sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify make the Trustee of its action or failure to actrelevant payment.

Appears in 2 contracts

Samples: Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such the Paying Agent shall will hold in trust for the Holders' benefit of the Holders or the Trustee all money held by the Paying Agent holds for redemption or purchase of the Securities or for the payment of principal of, premium, if any, and interest on on, the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes)Securities, and such Paying Agent shall promptly will notify the Trustee of any default Default by the Company in providing the Paying Agent with sufficient funds to (i) purchase Securities tendered pursuant to a Change of Control Offer, (ii) redeem Securities called for redemption, or (iii) make any other obligor payment of principal, premium or interest due on the Notes) in making Securities. While any such paymentDefault continues, the Trustee may require the Paying Agent to pay all money 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than the Company or any of its Subsidiaries) shall have no further liability for the money so paid over it delivered to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them its Subsidiaries acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the Holders' benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actall money it holds as Paying Agent.

Appears in 2 contracts

Samples: Indenture (Jordan Industries Inc), Restricted Stock Agreement (Jordan Industries Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Prior to each due date of the principal, premium, if any, and principal or interest on any NotesSecurity, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and principal or interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee in its capacity as Paying Agent) to agree in writing that such the Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and of or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. If the Company or any Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 Trustee 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 disburseddisbursed by the Paying Agent. Upon doing socomplying with this Section, the Paying Agent shall have no further liability for the money so paid over delivered to the Trustee. If Any money deposited with any Paying Agent, or then held by the Company or any Subsidiary of the Company or any Affiliate in trust for the payment of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate any Security and hold in a separate trust fund remaining unclaimed for the benefit of the Holders a sum of money sufficient to pay two years after such principal, premium, if any, principal or interest so becoming has become due until such sum of money and payable shall be paid to the Company at its request, or, if then held by the Company or any such Holders or otherwise disposed of Subsidiary, shall be discharged from such trust; and the Securityholders shall thereafter, as provided in this Indentureunsecured general creditors, look only to the Company for payment thereof, and will promptly notify all liability of the Trustee Paying Agent with respect to such money, and all liability of its action the Company or failure to actsuch Subsidiary as trustee thereof, shall thereupon cease.

Appears in 2 contracts

Samples: Bell Atlantic Corp, Mexican Cellular Investments Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on On or prior to each due date of the principalprincipal of, premium, if any, and interest on any NotesNote, the Company shall deposit with the Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default Default by the Company (or any other obligor on the Notes) 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 and account for any funds disbursed, and the Trustee may at any time during the continuance of any Trustee. Upon payment default, upon written request to a Paying Agent, require such Paying Agent to pay all money held by it over to the Trustee and to account for any funds disbursed. Upon doing soTrustee, the Paying Agent (if other than the Company or its domestically incorporated Wholly Owned Subsidiaries) shall have no further liability for the money so paid over delivered to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them its domestically incorporated Wholly Owned Subsidiaries acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of the Holders a sum of all money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of held by it as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actPaying Agent.

Appears in 2 contracts

Samples: Goss Holdings Inc, Goss Graphic Systems Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on At least one Business Day prior to each due date of the principalprincipal of, premium, premium if any, and interest on any NotesSecurities, the Company shall deposit with the each Paying Agent money in immediately available funds a sum sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall it will hold in trust for the benefit of the Holders of Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, premium if any, and or interest on the Notes (whether such money has been paid Securities and to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the NotesSecurities) in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it shall on or before each due date of the principal of, premium, if any, or interest on any Securities segregate the money 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 Trustee 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 forthwith pay all money held by it to the Trustee and to account for any funds disbursedall sums so held in trust by such Paying Agent. Upon doing so, the Paying Agent (if other than the Company or a Subsidiary thereof) shall have no further liability for the money so paid over to the Trusteemoney. If the Company or any Subsidiary The final installment of the Company or any Affiliate principal of any of them acts as Paying Agent, it will, on or before each due date of any principal of, and premium, if any, on this Security shall be payable only upon surrender of this Security at the office or interest on the Notes, segregate and hold in a separate trust fund for the benefit agency of the Holders a sum Company maintained for such purpose. Payments of money sufficient to pay such principal, principal of and premium, if any, or and interest so becoming due until such sum of money on this Security shall be paid made at the office or agency of the Company maintained for such purpose, or, in the case of any such payments other than the final payment of principal and premium, if any, at the Company's option, by check mailed to the Person entitled thereto at such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify Person's address last appearing on the Trustee of its action or failure to actSecurity Register maintained by the Registrar.

Appears in 2 contracts

Samples: Indenture (Rent Way Inc), Sterling House Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principal, premium, if any, and on which any principal or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and principal or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Restricted Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Restricted Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Earthstone Energy Inc), Earthstone Energy Inc

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on each due date of the principal, premium, if any, and interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Euronet Services Inc), Indenture (Euronet Services Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City 10:00 a.m., each Paying Agent's local time) , on each due date of the principal, premium, if any, and any Principal or interest on any NotesSecurities, the Company shall deposit with the each Paying Agent money in immediately available funds sufficient to pay any Principal or interest payable through such principal, premium, if any, and interest so becoming duePaying Agent. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders of such Securities or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, Principal of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), Securities and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary affiliate of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, Principal of or interest on the Notesany Securities, segregate and hold in a separate trust fund for the benefit of the Holders thereof a sum of money sufficient to pay such principal, premium, if any, Principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee in writing of its action or failure to actact as required by this Section.

Appears in 2 contracts

Samples: Indenture (Donaldson Lufkin & Jenrette Inc /Ny/), Donaldson Lufkin & Jenrette Inc /Ny/

Paying Agent to Hold Money in Trust. Not later than 11:00 10:00 a.m. (New York City time) on each due date of the principal, premium, if any, and any principal of or interest on any Notes, the Company shall deposit with the Paying Agent money in immediately available funds sufficient to pay such principal, premium, if any, principal and interest so becoming due. The Company shall require each Paying Agent other than the Trustee to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, of and interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company or any Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, of or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, principal or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 2 contracts

Samples: Indenture (Citizens Banking Corp), Aon Corp

Paying Agent to Hold Money in Trust. Not By no later than 11:00 10:00 a.m. (New York City time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesSecurity is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Securityholders or the Trustee all money held by the such Paying Agent for the payment of principal ofprincipal, premium, if any, and of or interest on the Notes Securities (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), Securities) and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company (or any other obligor on the Notes) Securities Guarantor in making any such payment. If a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by them as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section, the Paying Agent (if other than a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund Agent for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actSecurities.

Appears in 1 contract

Samples: Indenture (VI Acquisition Corp)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Prior to each due date of the principal, premium, if any, principal of and interest on any NotesNote, the Company Issuers shall deposit with the Paying Agent money (or if an Issuer or any Restricted Subsidiary is acting as Paying Agent, segregate and hold in immediately available funds trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal, premium, if any, principal and interest when so becoming due. The Company Issuers shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such 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 ofprincipal, premium, if any, and or interest on the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), and such Paying Agent shall promptly will notify the Trustee of any default by the Company (or any other obligor on the Notes) Issuers in making any such payment. The Company at While any time such default continues, the Trustee may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may Trustee. The Issuers at any time during the continuance of any payment default, upon written request to may require a Paying Agent, require such Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds disburseddisbursed by the Paying Agent. Upon doing socomplying with this Section, the Paying Agent (if other than the Issuers or a Restricted Subsidiary) shall have no further liability for the money so paid over delivered to the Trustee. If the Company Issuers or any a Restricted Subsidiary of the Company or any Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, shall segregate and hold in a separate trust fund for the benefit of the Holders a sum of all money sufficient held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to pay such principalan Issuer, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to actshall serve as Paying Agent for the Notes.

Appears in 1 contract

Samples: Indenture (CDW Corp)

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. (New York City time) on each due the date of the principal, premium, if any, and on which any principal or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and principal or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders Noteholders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Restricted Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as 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 (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Restricted Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 1 contract

Samples: Indenture (Basic Energy Services Inc)

Paying Agent to Hold Money in Trust. Not later than 11:00 a.m. (New York City time) on Except as otherwise provided herein, prior to each due date of the principalprincipal of, premium, if any, and interest on and Liquidated Damages, if any, with respect to any NotesNote, the Company shall deposit with the Paying Agent a sum of money in immediately available funds sufficient to pay such principal, premium, if any, interest and interest Liquidated Damages, if any, so becoming due. The Company shall require each Paying Agent (other than the Trustee or the Company) to agree in writing that such 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 of, premium, if any, and interest on and Liquidated Damages, if any, with respect to the Notes (whether such money has been paid to it by the Company or any other obligor on the Notes), ) and such Paying Agent shall promptly notify the Trustee of any default by the Company (or any other obligor on the Notes) in making any such payment. At any time during the continuance of any such default, the Paying Agent shall, upon the request of the Trustee, forthwith pay to the Trustee all money so held in trust and account for any money disbursed to it. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee 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 disbursedmoney disbursed by it. Upon doing so, the Paying Agent shall have no further liability for the money so paid over to the Trustee. If the Company Company, a Subsidiary or any Subsidiary of the Company or any an Affiliate of any of them acts as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.either

Appears in 1 contract

Samples: Nortek Inc

Paying Agent to Hold Money in Trust. Not By no later than 11:00 a.m. 12:00 p.m. (New York City Eastern time) on each due the date of the principalon which any principal of, premium, if any, and or interest on any NotesNote is due and payable, the Company shall deposit with the Paying Agent money a sum sufficient in immediately available funds sufficient to pay such principal, premium, if any, and premium or interest so becoming when due. The Company shall require each Paying Agent (other than the Trustee Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of the Holders or the Trustee all money held by the such Paying Agent for the payment of principal of, premium, if any, and or interest on the Notes (whether such money has assets have been paid distributed to it by the Company or any other obligor obligors on the Notes), and such Paying Agent shall promptly notify the Trustee in writing of any default by the Company or any Guarantor in making any such payment and shall during the continuance of any default by the Company (or any other obligor on upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith deliver to the Trustee all sums held in trust by such paymentPaying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund for the benefit of the Trustee and the Holders. The Company at any time may require a Paying Agent to pay all money held by it to (other than the Trustee 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 Trustee) to pay all money held by it to the Trustee and to account for any funds disbursedor assets disbursed by such Paying Agent. Upon doing socomplying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money so paid over delivered to the Trustee. If Upon any bankruptcy, reorganization or similar proceeding with respect to the Company or any Subsidiary of Company, the Company or any Affiliate of any of them acts Trustee shall serve as Paying Agent, it will, on or before each due date of any principal of, premium, if any, or interest on Agent for the Notes, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such principal, premium, if any, or interest so becoming due until such sum of money shall be paid to such Holders or otherwise disposed of as provided in this Indenture, and will promptly notify the Trustee of its action or failure to act.

Appears in 1 contract

Samples: Infrastructure & Energy Alternatives, Inc.

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