Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Company acting as its own paying agent), to the Holders of the particular Debentures of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.
Appears in 10 contracts
Sources: Junior Subordinated Indenture (Pogo Producing Co), Junior Subordinated Indenture (Pogo Trust Ii), Junior Subordinated Indenture (Pogo Trust Ii)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.048.04 hereof, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 8.01 hereof shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Company acting as its own paying agentPaying Agent), to the Holders of the particular Debentures of such the series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.
Appears in 9 contracts
Sources: Indenture (Pseg Power Capital Trust V), Indenture (Public Service Enterprise Group Inc), Indenture (Public Service Enterprise Group Inc)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.048.06, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 8.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Company acting as its own paying agentPaying Agent), to the Holders of the particular Debentures of such the series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; , but such money need not be segregated from other funds except to the extent required by law.
Appears in 4 contracts
Sources: Indenture (New York Community Bancorp Inc), Indenture (New York Community Capital Trust I), Indenture (New York Community Bancorp Inc)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.048.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 8.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Company acting as its own paying agentPaying Agent), to the Holders of the particular Debentures of such the series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; , but such money need not be segregated from other funds except to the extent required by law.
Appears in 3 contracts
Sources: Indenture (Radio One Licenses LLC), Indenture (Hercules Inc), Indenture (Cox Trust Ii)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Company acting as its own paying agent), to the Holders holders of the particular Debentures of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.
Appears in 1 contract
Sources: Junior Indenture (Hawaiian Electric Industries Inc)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Company or the Guarantor acting as its own paying agent), to the Holders of the particular Debentures of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.
Appears in 1 contract
Sources: Indenture (Aetna Capital Trust Iv)
Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 11.048.04, all moneys deposited with the Trustee (or other trustee) pursuant to Section 11.01 8.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent Paying Agent (including the Company acting as its own paying agentPaying Agent), to the Holders of the particular Debentures of such the series for the payment 38 45 or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; , but such money need not be segregated from other funds except to the extent required by law.
Appears in 1 contract
Sources: Indenture (Hercules Inc)