Common use of Deposits of Monies Clause in Contracts

Deposits of Monies. Prior to 11:00 a.m. New York City time on each Interest Payment Date, maturity date, Redemption Date, Change of Control Payment Date, date for the payment of Defaulted Interest and Asset Sale Offer Purchase Date, the Company shall have deposited with the Paying Agent in immediately available funds money sufficient to make cash payments, if any, due on such Interest Payment Date, maturity date, Redemption Date, Change of Control Payment Date, date for the payment of Defaulted Interest or Asset Sale Offer Purchase Date, as the case may be, in a timely manner which permits the Paying Agent to remit payment to the Holders on such Interest Payment Date, maturity date, Redemption Date, Change of Control Payment Date, date for the payment of Defaulted Interest or Asset Sale Offer Purchase Date, as the case may be.