Distribution of Moneys Clause Samples
Distribution of Moneys. Payments to Holders of TCPL Sub Notes pursuant to section 6.7.2 shall be made as follows:
6.8.1 at least 21 days’ notice of every such payment shall be given in the manner provided in Article 10 specifying the date and time when and the place or places where such payments are to be made and the amount of the payment and the application thereof as between principal and interest;
6.8.2 payment in respect of any TCPL Sub Notes shall be made upon presentation thereof at any one of the places specified in such notice and any such TCPL Sub Notes thereby paid in full shall be surrendered, otherwise a notation of such payment shall be endorsed thereon; but the Trustee may in its discretion dispense with presentation and surrender or endorsement in any special case upon receipt by it of such indemnity as it shall consider sufficient;
6.8.3 from and after the date of payment specified in the notice, interest shall accrue only on the amount owing on the TCPL Sub Notes after giving credit for the amount of the payment specified in such notice unless the TCPL Sub Notes in respect of which such amount is owing is duly presented on or after the date so specified and payment of such amount is not made; and
6.8.4 the Trustee shall not be required to make any partial or interim payment to Holders unless the moneys in its hands, after reserving therefrom such amount as the Trustee may think necessary to provide for the payments mentioned in section 6.7.1, exceed 5% of the aggregate principal amount of the outstanding TCPL Sub Notes, but it may retain the moneys so received by it and deal with the same as provided in section 11.9 until the money or investments representing the same, with the income derived therefrom, together with any other moneys for the time being under its control, shall be sufficient for such purpose or until it shall consider it advisable to apply the same in the manner hereinbefore set forth.
Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default has occurred and is continuing, all moneys received by the Collateral Agent shall be applied in accordance with this Section 7.9:
Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default has occurred and is continuing, all moneys received by Security Trustee shall be applied in accordance with this Section 7.11:
Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default or Loan Default resulting from any failure to make a payment under the Indenture or Tranche B Loan has occurred and is continuing, all moneys received by Collateral Agent shall be applied in accordance with this Section 7.9:
(a) Scheduled and End of Term Purchase Option Payments. Moneys received by Collateral Agent constituting Lease Payments other than any payment due under Section 29.1 -28- or 29.2 of the Lease Agreement (including the payment of interest on any such overdue amount), shall be applied without duplication (as determined by Administrative Agent) on the date received by Collateral Agent: First, to Indenture Trustee for the benefit of Tranche A Noteholders and to each Tranche B Lender for all principal, interest, Premium, Makewhole and Breakage, if any, due each such Person, in each case on a pari passu basis; Second, to each Lessor Indemnified Person on a pari passu basis, all other amounts then due such Person under the Operative Documents; Third, to Lessor all amounts then due Lessor under Section 10; Fourth, for the benefit of Lessor, to each Limited Partner on a pari passu basis, for all amounts then due Limited Partners, under the Limited Partnership Agreement and the Lessor Indemnity Agreement; and Fifth, the balance, if any, of such payment remaining thereafter shall be distributed to Lessor to be distributed in accordance with the Lease Agreement and Limited Partnership Agreement.
Distribution of Moneys. 32 (a) Scheduled and End of Term Payments........................................................32 (b)
Distribution of Moneys. 27 (a) Scheduled and End of Term Purchase Option Payments....................................27 (b) Prepayments...........................................................................27 (c) Payments after an End of Term Sale or Redelivery of Equipment.........................28 (d)
Distribution of Moneys. 28 (a) Scheduled and End of Term Purchase Option Payments. . . . . . . . . 28 (b) Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 (c) Payments after an End of Term Sale or Redelivery of Equipment . . .
Distribution of Moneys. Payments to Holders of Debentures pursuant to ---------------------- subsection 7.7
Distribution of Moneys and Creation of the Bond Fund. Pursuant to Sections 3.1 and 3.3 of the Original Lease and Section 4 of the First Supplemental Lease, and pursuant to the Assignment of Lease, the Trustee will receive Rental Payments from Brush Wellman on each Rental Payment Date, and pursuant to the terms of the Gu▇▇▇▇▇▇, the Trustee may receive Rental Payments from Holdings. So long as there is no Event of Default hereunder, the Trustee shall immediately deposit such Rental Payments into the Rental Payment Account in the Bond Fund. The Trustee shall hold moneys in the Rental Payment Account until needed for the deposits or payments to be made in accordance with the provisions of the balance of this Section 5.04, which payments and deposits shall be made in the order and subject to the conditions set forth below: Section 5.
Distribution of Moneys. Except as may be otherwise provided in this Section 7 and for so long as no Loan Event of Default has occurred and is continuing, all moneys received by Security Trustee shall be applied in accordance with this Section 7.11:
7.11.1 Payments under the Equipment Agreement. Moneys received by Security Trustee constituting Equipment Payment or Equipment Agreement Commitment Fees under the Equipment Agreement (including the payment of interest on any such overdue Equipment Payment or Equipment Agreement Commitment Fees) shall be applied: First, so much of such funds as shall be required to pay in full the aggregate amount of any interest then due on the Loans hereunder, if any, at the Overdue Rate and of the interest then due on the Loans at the Applicable Rate therefor; Second, so much of such funds as shall be required to pay in full interest due on any Loan Commitment Fee then due hereunder, if any, at the Overdue Rate; Third, so much of such funds as shall be required to pay in full any Loan Commitment Fee then due hereunder; Fourth, so much of such funds shall be required to pay in full any principal installment then due on the Loans; and Fifth, the balance, if any, of such payment remaining thereafter shall be distributed to Obligee or its designee.
7.11.2 Payments in Respect of an Event of Loss. Moneys received by Security Trustee constituting Casualty Loss Value (including any insurance proceeds or condemnation awards in respect of the subject Event of Loss which are payable to Security Trustee pursuant to the provisions of the Equipment Agreement) shall be applied first, to the prepayment of the Loans required by Section 5.7.1 hereof, and second, the balance of any such moneys shall be distributed to Obligee or its designee.