Common use of Trust Monies Clause in Contracts

Trust Monies. All Trust Monies shall be held by or delivered to the Trustee, for the benefit of the Equal Lien Creditors in accordance with the provisions of the applicable Security Documents. Applicable Trust Monies, if any, shall, at the direction of the Company, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes at maturity or upon redemption or retirement, or to the purchase of notes upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default in each case in accordance with the Security Documents.

Appears in 3 contracts

Samples: Indenture (Vertis Inc), Webcraft LLC, Webcraft LLC

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Trust Monies. All Trust Monies shall be held by or delivered to the Trustee, for the benefit of the Equal Lien Creditors Trustee in accordance with the provisions of the applicable Security Documents. Applicable Trust Monies, if any, shall, so long as no Event of Default has occurred and is continuing, at the direction of the CompanyIssuers, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes at maturity or upon redemption or retirement, or to the purchase of notes Notes upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default set forth in Section 6.01(a) or (b) in each case in accordance with the Security Documents.

Appears in 1 contract

Samples: Indenture (Consolidated Container Co LLC)

Trust Monies. All Trust Monies shall be held by or delivered to the Trustee, for the benefit of the Equal Lien Creditors Trustee in accordance with the provisions of the applicable Security Documents. Applicable Trust Monies, if any, shall, so long as no Event of Default has occurred and is continuing, at the direction of the Company, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes Securities at maturity or upon redemption or retirement, or to the purchase of notes Securities upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default set forth in Section 6.1(a) or (b) in each case in accordance with the Security Documents.

Appears in 1 contract

Samples: Indenture (Clean Harbors Inc)

Trust Monies. All Trust Monies shall be held by or delivered to the Trustee, for the benefit of the Equal Lien Creditors Trustee in accordance with the provisions of the applicable Security Documents. Applicable Trust Monies, if any, shall, at the direction of the Company, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes at maturity or upon redemption or retirement, or to the purchase of notes upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default in each case in accordance with the Security Documents.

Appears in 1 contract

Samples: Exide Technologies

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Trust Monies. All Trust Monies shall be held by or delivered to the Trustee, for the benefit of the Equal Lien Creditors Trustee in accordance with the provisions of the applicable Security Documents. Applicable Trust Monies, if any, shall, so long as no Event of Default has occurred and is continuing, at the direction of the Company, be (a) applied by the Trustee from time to time to the payment of the principal of, premium, if any, and interest on any Notes at maturity or upon redemption or retirement, or to the purchase of notes Notes upon tender or in the open market or otherwise, (b) released to the extent such cash would be considered Collateral under the Security Documents following such release or (c) applied to cure any payment Event of Default set forth in Section 6.01(a) or (b) in each case in accordance with the Security Documents.

Appears in 1 contract

Samples: Clean Harbors Inc

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