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

Application by Trustee of Funds Deposited for Payment of Notes. Subject to Section 8.4, all moneys deposited with the Trustee pursuant to Section 8.1 or Article Ten shall be held in trust and applied by it, in accordance with the provisions of the Notes, the coupons (if any) and this Indenture, 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 Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon as principal and interest (including Additional Amounts, if any); but such money need not be segregated from other funds except to the extent required by law and the Trustee shall have no liability for interest thereon or the investment thereof.

Application by Trustee of Funds Deposited for Payment of Notes. Subject to Section 8.4., all moneys deposited with the Trustee pursuant to Section 8.1 8.1. or Article Ten shall be held in trust and applied by it, in accordance with the provisions of the Notes, the coupons (if any) and this Indenture, to the payment, either directly or through any Paying Agent (including the Company Issuer acting as its own Paying Agent), to the Holders of the particular Notes for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon as principal and interest (including Additional Amounts, if any); but such money need not be segregated from other funds except to the extent required by law and the Trustee shall have no liability for interest thereon or the investment thereof.