Common use of Trust Moneys Clause in Contracts

Trust Moneys. All Trust Moneys shall be held by the Collateral Agent or the Trustee, as the case may be, for the benefit of the Trustee and the holders of Securities as a part of the Collateral in accordance with the provisions of this Indenture and the Intercreditor Agreements and, upon any entry upon or sale or other disposition of the Collateral or any part thereof pursuant to any of the Security Documents, said Trust Moneys shall be applied in accordance with Section 6.10 and the Intercreditor Agreements; but, prior to any such entry, sale or other disposition, all or any part of the Trust Moneys may be withdrawn, and shall be released, paid or applied by the Collateral Agent and the Trustee, from time to time as provided in Sections 12.2 through 12.6, inclusive, and the Intercreditor Agreements.

Appears in 1 contract

Sources: Indenture (Rti Capital Corp)

Trust Moneys. All Trust Moneys shall be held by the Collateral Agent or the Trustee, as the case may be, for the benefit of the Trustee and the holders of Securities Notes as a part of the Collateral in accordance with the provisions of this Indenture and the Intercreditor Agreements Agreement and, upon any entry upon or sale or other disposition of the Collateral or any part thereof pursuant to any of the Security Documents, said Trust Moneys shall be applied in accordance with Section 6.10 and the Intercreditor Agreements; Agreement but, prior to any such entry, sale or other disposition, all or any part of the Trust Moneys may be withdrawn, and shall be released, paid or applied by the Collateral Agent and the Trustee, from time to time as provided in Sections 12.2 through 12.6, inclusive, and the Intercreditor AgreementsAgreement.

Appears in 1 contract

Sources: Indenture (Blue Steel Capital Corp)