Common use of Application by Trustee of Funds Deposited for Payment of Debentures Clause in Contracts

Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 8.04, all moneys deposited with the Trustee pursuant to Section 8.01 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 Debentures of the series for the payment or redemption of which such moneys have been deposited with the

Appears in 1 contract

Sources: Indenture (Cox Trust Ii)

Application by Trustee of Funds Deposited for Payment of Debentures. Subject to Section 8.04, and Article 10 of this Indenture, all moneys deposited with the Trustee pursuant to Section 8.01 hereof 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 Debentures of the series for the payment or redemption of which such moneys have been deposited with the

Appears in 1 contract

Sources: Indenture (Peco Energy Co)