Common use of Third Clause in Contracts

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 8 contracts

Sources: Indenture (Community Bank System Inc), Indenture (HSBC Usa Capital Trust Vi), Indenture (Onbancorp Inc)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities of such series for principal of (and premium, if any) ), and interest on the SecuritiesSecurities of such series, in respect of which or for the benefit of which money has been collected, ratably, without preference of or priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To The balance, if any, to the Company.

Appears in 2 contracts

Sources: Indenture (Countrywide Financial Corp), Indenture (Countrywide Capital Ii)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest (including Compounded Interest and Additional Sums, if any) and Liquidated Damages, if any, on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.and

Appears in 2 contracts

Sources: Indenture (Progress Capital Trust I), Indenture (Ml Bancorp Inc)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities of such series for principal of (and premium, if any) and interest on the SecuritiesSecurities of such series, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 2 contracts

Sources: Indenture (Sterling Bancshares Capital Trust Ii), Indenture (Sterling Bancshares Capital Trust Ii)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities of such series for principal of (and premium, if any) ), and interest on the SecuritiesSecurities of such series, in respect of which or for the benefit of which money has been collected, ratably, without preference of or priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 2 contracts

Sources: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest (including Compounded Interest and Additional Sums, if any) and Liquidated Damages, if any, on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Ucbh Trust Co)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest (including Compounded Interest and Additional Sums, if any), on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Argo Capital Trust Co)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest (including Additional Sums and Compounded Interest, if any) and Liquidated Damages, if any, on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Patriot Capital Trust I)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of and interest (including Compounded Interest and premiumAdditional Sums, if any) and interest on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Independent Capital Trust I)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.and

Appears in 1 contract

Sources: Indenture (Berkley W R Capital Trust)

Third. In case the principal of the outstanding Securities in respect of which moneys have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities of such series for principal of (and premium, if any) ), and interest on the SecuritiesSecurities of such series, in respect of which or for the benefit of which money has been collected, ratably, without preference of or priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and . Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Interpool Inc)

Third. In case the principal of the outstanding Securities in respect of which moneys monies have been collected shall not have become due and be unpaid, to the payment of the amounts then due and unpaid upon Securities for principal of (and premium, if any) and interest (including Additional Sums and Compounded Interest, if any) and Liquidated Damages, if any, on the Securities, in respect of which or for the benefit of which money has been collected, ratably, without preference of or priority of any kind, according to the amounts due on such Securities for principal (and premium, if any) and interest, respectively; and Fourth: To the Company.

Appears in 1 contract

Sources: Indenture (Premier Bancorp Inc /Pa/)