Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 4 contracts
Sources: Indenture (Getaround, Inc), Indenture (Nogin, Inc.), Convertible Note Subscription Agreement (InterPrivate II Acquisition Corp.)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Trustee, in its capacity as Collateral Agent Agent, is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents Documents, and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 7.11 this Indenture and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereonSecurity Documents.
Appears in 3 contracts
Sources: Indenture (Bally Franchise RSC Inc), Indenture (Bally Franchise RSC Inc), Indenture (Texas Petrochemicals Lp)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to the extent not prohibited under the Intercreditor Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 6.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 2 contracts
Sources: Senior Secured Second Lien Notes Indenture (Talos Energy Inc.), Senior Secured Second Lien Notes Indenture (EnVen Energy Corp)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and and, to the extent not prohibited hereunder, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 6.05 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 2 contracts
Sources: Indenture (Northern Star Acquisition Corp.), Indenture (Roth CH Acquisition I Co. Parent Corp.)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and or the Intercreditor Agreement and, to the extent not prohibited under the Intercreditor Agreement, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 2 contracts
Sources: Indenture (Bloom Energy Corp), Indenture (Bloom Energy Corp)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Noteholder Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to the extent not prohibited under the Intercreditor Agreement for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 6.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 2 contracts
Sources: Indenture (SAExploration Holdings, Inc.), Indenture (SAExploration Holdings, Inc.)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and or the Intercreditor Agreement and, to the extent not prohibited under the Intercreditor Agreement, to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.of
Appears in 1 contract
Sources: Indenture (Bloom Energy Corp)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent Trustee is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and and, to the extent not prohibited under any Approved Intercreditor Agreement or the Collateral Trust Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee itself and the Holders in accordance with the provisions of Section 7.11 and the other provisions of this Indenture. Such funds shall be held on deposit by , the Trustee without investment (unless otherwise provided in this Indenture), Security Documents and the Trustee shall have no liability for interest or other compensation thereonany Approved Intercreditor Agreement.
Appears in 1 contract
Sources: Indenture (Triumph Group Inc)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent Trustee is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and and, to the extent not prohibited under the First-Second Intercreditor Agreement or the Collateral Trust Agreement, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee itself and the Holders in accordance with the provisions of Section 7.11 this Indenture, the Security Documents and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereonFirst-Second Intercreditor Agreement.
Appears in 1 contract
Sources: Indenture (Triumph Group Inc)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents and to the extent not prohibited under the Intercreditor Agreement, as applicable, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance with the provisions of Section 7.11 6.10 and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereon.
Appears in 1 contract
Sources: Indenture (Far East Energy Corp)
Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Trustee and the Collateral Agent is are authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under the Security Documents Documents, and to make further distributions of such funds to itself, the Trustee and the Holders in accordance with according to the provisions of Section 7.11 this Indenture and the other provisions of this Indenture. Such funds shall be held on deposit by the Trustee without investment (unless otherwise provided in this Indenture), and the Trustee shall have no liability for interest or other compensation thereonSecurity Documents.
Appears in 1 contract
Sources: Indenture (General Media Inc)