SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 903, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 7 contracts
Samples: Indenture (Level 3 Parent, LLC), Agreement (Level 3 Parent, LLC), Offering Proceeds Note Guarantee Agreement (Level 3 Parent, LLC)
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 903, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 5 contracts
Samples: Indenture (Field Trip Health Ltd.), Indenture (Denison Mines Corp.), Indenture (Denison Mines Corp.)
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but provided, however, that such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 3 contracts
Samples: Indenture (Tembec Industries Inc), Indenture (Tembec Industries Inc), Tembec Industries Inc
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 3 contracts
Samples: Indenture (Level 3 Communications Inc), Indenture (Level 3 Communications Inc), Level 3 Communications Inc
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust uninvested and applied by it, in accordance with the provisions of the Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; Trustee but such money need not be segregated separated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 2 contracts
Samples: Phillips Van Heusen Corp /De/, Phillips Van Heusen Corp /De/
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Corporation acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 2 contracts
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 or this Section 402 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and any interest or any Additional Amounts for whose payment such money has been deposited with the Trustee; but such . Such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 2 contracts
Samples: Indenture (Firstmerit Corp /Oh/), Firstmerit Corp /Oh/
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 2 contracts
Samples: Suncor Energy Inc, Suncor Energy Inc
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) any premium and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 2 contracts
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Corporation acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 1 contract
Samples: Mosaic Co
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Corporation acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 1 contract
Samples: Mosaic Co
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) any premium and interest for whose payment such money has been deposited with the Trustee; , but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 1 contract
Samples: Park National Corp /Oh/
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Securities, the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. Money so held in trust is subject to the Trustee’s rights under Section 606. ARTICLE FIVEFIVE REMEDIES
Appears in 1 contract
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 1 contract
Samples: Durango Corp
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 1 contract
Samples: Pathnet Inc
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Corporation acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 1 contract
Samples: Encana Corp
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the applicable series of Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent as required by law. ARTICLE FIVE:
Appears in 1 contract
Samples: Indenture (J P Morgan Chase & Co)
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 9031003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and Accreted Value of, premium, if any) , and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE.
Appears in 1 contract
Samples: Indenture (Cd Radio Inc)
SECTION 402. Application of Trust Money. Subject to the provisions of the last paragraph of Section 903, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. ARTICLE FIVE
Appears in 1 contract
Samples: Indenture (Centurylink, Inc)