Common use of Moneys Held for Particular Bonds Clause in Contracts

Moneys Held for Particular Bonds. Amounts held by the Trustee for the payment of the principal or purchase price of or interest or premium on Bonds due on any date shall, pending such payment, be set aside and held in trust by it for the Holders of such Bonds and, for the purposes of this Trust Agreement, such principal or purchase price of and interest and premium on such Bonds shall no longer be considered to be unpaid, and the holders of such Bonds shall have no further rights under this Trust Agreement except to receive payment from such amounts set aside or held for such payment.

Moneys Held for Particular Bonds. Amounts The amounts held by the Trustee for the payment of the interest, principal or purchase price of or interest or premium on Bonds premium, if any, due on any date with respect to particular Bonds shall, pending such payment, be set aside and held in trust by it for the Holders holders of such the Bonds andentitled thereto, and for the purposes of this Trust Agreementhereof such interest, such principal or purchase price of and interest and premium on such Bonds premium, if any, after the due date thereof, shall no longer be considered to be unpaid, and the holders of such Bonds shall have no further rights under this Trust Agreement except to receive payment from such amounts set aside or held for such payment.