Holding in Trust Sample Clauses

Holding in Trust. If, with respect to the Notes of any particular Series of Notes, an Event of Default shall have occurred and be continuing and the Indenture Trustee or any holder of the Notes of such Series of Notes shall receive from the Trust, or the Indenture Trustee shall hold, any amount for payment of the principal of or interest on such Notes, the Indenture Trustee or such holder, as the case may be, shall, subject to Section 9.07, hold such amount in trust for the benefit of the Specified Creditors, as their interests may appear as set out in a Certificate of the Trust delivered to the Indenture Trustee for such purpose, in accordance with and to the extent of their respective priorities. The Indenture Trustee or such holder of such Notes, as the case may be, shall from time to time pay over to the appropriate Specified Creditors from the amount so held in trust for the benefit of such Specified Creditors, so much as shall at the time of such payment by the Indenture Trustee or such holder of such Notes, as the case may be, have become due, and remain unpaid, of the Related Secured Obligations or, if the amount so due and remaining unpaid shall be greater than the amount so held in trust for the benefit of such Specified Creditors, then the entire amount so held; provided, however, that if such Related Event of Default shall be waived in accordance with Section 8.03, or all amounts that shall have become due for payment of the Related Secured Obligations shall have been paid or duly provided for to the satisfaction of the Indenture Trustee such trusts for the benefit of such Specified Creditors shall terminate and any amount still held by the Indenture Trustee or such holders of such Notes, as the case may be, shall be applied by it for the purposes originally intended. If the Indenture Trustee shall make any payment to any holder of such Notes contrary to the provisions of this Section 3.02, or the Related Supplement, then such holder shall repay any amount so received to the Indenture Trustee, to be held and applied by the Indenture Trustee in accordance with the provisions of this Section 3.02, or the Related Supplement.
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Holding in Trust. The Assignor shall hold in trust for the Security Trustee the Approved Contract or any Assigned Agreement not from time to time deposited with the Security Trustee and keep them safe and undefaced.
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Holding in Trust. In the event that notwithstanding the provisions of this Section 5.16 any Payor shall make any payment to any Payee on account of any Subordinated Obligations at any time when such payment is prohibited pursuant to clauses (a) through (c) of this Section 5.16, then, such payment shall be held by the Payee in trust for the benefit of, and shall be paid forthwith over and delivered to, the Agent for the benefit of the holders of Senior Obligations (pro rata as to each of such holders on the basis of the respective amounts of Senior Obligations held by them) for application to the payment of all Senior Obligations remaining unpaid to the extent necessary to pay all Senior Obligations in full accordance with its terms, after giving effect to any concurrent payment or distribution to or for the holders of Senior Obligations. Each Payor shall give prompt written notice to each Payee of any Default or Event of Default that has occurred.
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Holding in Trust. To the extent any right, title or interest in or to any of the Trade Marks becomes vested in the Independent Sales Representative, the Independent Sales Representatives shall hold such right, title or interest in trust for Tuskers Realty Inc..
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Holding in Trust. 2 2.2 Conditions for Release................................... 2 2.3
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Holding in Trust. The Escrow Agent shall hold the Escrow Fund in trust until authorized hereunder to deliver the Escrow Fund as set forth in this Section 2.
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Holding in Trust. 11.24 Except in the case of Transferred Contracts, Partially Transferred Contracts, Transferred JV Entities and Rail Cars, which will be governed by the provisions of Clauses 11.5 to 11.20 and Clause 11.23, from and after Closing, TDCC or any Affiliate thereof, as applicable, shall hold in trust for the sole benefit of K-Dow or the relevant member of the K-Dow Group, as applicable, any portions of the Transferred Assets or permits or Authorizations that are not effectively conveyed to K-Dow or the relevant member of the K-Dow Group, as applicable, on or before Closing and any such Transferred Asset, permit or Authorization that is not assignable or is assignable only with the consent of a third party that has not been obtained, until such time as they are effectively conveyed to the K-Dow Group or the applicable replacement Authorization or consent of a third party has been obtained and the assignment thereof completed.
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Holding in Trust. In order to secure fulfillment of the tax laws, and to ensure exhaustion of the purchase right proceedings according to the plan, the Options granted to you according to this letter shall be held in trust by a trustee to be approved for such purpose by the Income Tax Commissioner. In addition, in the event that you choose not to receive or sell the shares at the time of exercise of the options, these shares will also be held in the same trust.
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Holding in Trust. 8.1 In the event that any contract, right or property forming part of the Purchased Assets may not be assigned without the consent of any third party, or if the assignment or attempted assignment thereof would give any third party any right or claim against the Vendor, the Purchaser or any of the Purchased Assets, the Vendor shall not assign such contract, right or property to the Purchaser but shall hold the same in trust for the Purchaser and shall take all proper actions necessary or desirable to ensure that the Purchaser receives the full benefit thereof. The Vendor shall forthwith after the Purchase Time use reasonable commercial efforts to obtain any required consent to assignment of any contract, right or property not transferred pursuant to the foregoing and to execute and deliver any instrument, transfer, conveyance or assignment and take any other action that may be required to effectively complete assignment of the same.
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Related to Holding in Trust

  • Ownership in Trust Upon any purported Transfer or other event described in Section 13.2(b) that would result in a transfer of Shares to a Trust, such Shares shall be deemed to have been transferred to the Trustee as trustee of a Trust for the exclusive benefit of one or more Charitable Beneficiaries. Such transfer to the Trustee shall be effective as of the close of business on the Business Day prior to the purported Transfer or other event that results in the transfer to the Trust pursuant to Section 13.2(b). The Trustee shall be appointed by the Company and shall be a Person unaffiliated with the Company and any Prohibited Owner. Each Charitable Beneficiary shall be designated by the Company as provided in ‎Section 13.11(f).

  • Collateral in Trust The Mortgage Note for each Mortgage Loan is not secured by a pledge of any collateral that has not been assigned to the Purchaser.

  • Moneys Held in Trust Subject to the provisions of Section 11.05, all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

  • Held in Trust Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Company.

  • Transfer in Trust If any Transfer of Shares or Non-Transfer Event occurs which, if effective, would result in any Person Beneficially Owning or Constructively Owning Shares in violation of ‎Section 13.2(a)(i) or (ii).

  • Investment of Trust Assets The Trustee shall engage the Investment Manager to invest and reinvest the principal and income of the Trust Assets in those investments that are reasonably calculated to preserve the principal value, taking into account the need for the safety and liquidity of principal as may be required to fund Eligible Mitigation Actions and Trust Administration Costs.

  • Real Estate Investment Trust Commencing with its taxable year ended December 31, 2009, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the Code, and its proposed method of operation will enable it to continue to meet the requirements for qualification and taxation as a REIT under the Code.

  • Special Purpose Funding Vehicles Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Administrative Agent as is required under Section 2.12(b)(ii). Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including its obligations under Section 3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the Laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent and with the payment of a processing fee in the amount of $3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.

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