Common use of Authorization of Receipt of Funds by the Trustee Under the Security Documents Clause in Contracts

Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Trustee (or the Collateral Agent, if applicable) is authorized to receive any funds for the benefit of the Holders of Securities distributed under the Security Documents or Intercreditor Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture, the Security Documents and the Intercreditor Agreement.

Appears in 2 contracts

Sources: Indenture (Weirton Steel Corp), Indenture (Weirton Steel Corp)

Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Trustee (or the Collateral Agent, if applicable) Agent is authorized to receive any funds for the benefit of the Holders of Securities distributed under the Security Documents or and the Intercreditor Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture, the Security Documents Documents, and the Intercreditor Agreement.

Appears in 1 contract

Sources: Indenture (International Wire Group Inc)

Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Collateral Trustee (or shall deliver to the Collateral Agent, if applicable) Trustee and the Trustee is authorized to receive any funds for the benefit of the Holders of Securities distributed under the Security Documents or Intercreditor AgreementDocuments, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture, Indenture and the Security Documents and the Intercreditor AgreementDocuments.

Appears in 1 contract

Sources: Indenture (Weirton Steel Corp)

Authorization of Receipt of Funds by the Trustee Under the Security Documents. The Trustee (or and/or the Notes Collateral Agent, if applicable) Agent is authorized to receive any funds for the benefit of the Holders of Securities any funds distributed under the Security Documents or Intercreditor Agreement, and to make further distributions of such funds to the Holders of Securities according to the provisions of this Indenture, the Security Documents Indenture and the Intercreditor Agreement.

Appears in 1 contract

Sources: Indenture (Mountain Province Diamonds Inc.)