Common use of Application by Receiver Clause in Contracts

Application by Receiver. Save so far as otherwise directed by the Security Trustee, all monies from time to time received by such Receiver shall be paid over to the Security Trustee to be held by it on the trusts declared under this Second Priority Funding Deed of Charge and to be distributed in accordance with Clause 8.3 (Funding Post-Enforcement Priority of Payments) of the First Priority Funding Deed of Charge and Schedule 3 (Funding Priority of Payments) to the First Priority Funding Deed of Charge.

Application by Receiver. Save so far as otherwise directed by the Security Trustee, all monies from time to time received by such Receiver shall be paid over to the Security Trustee to be held by it on the trusts declared under this Second Priority Funding Deed of Charge and to be distributed in accordance with Clause 8.3 (Funding Post-Enforcement Priority of Payments) of the First Priority Funding Deed of Charge and Schedule 3 (Funding Priority of Payments) to the First Priority Funding Deed of Charge).

Application by Receiver. Save so far as otherwise directed by the Security Trustee, all monies from time to time received by such Receiver shall be paid over to the Security Trustee to be held by it on the trusts declared under this Second Priority Funding Deed of Charge and to be distributed in accordance with Clause 8.3 (Funding Post-Enforcement Priority of Payments) of the First Priority Funding Deed of Charge and Schedule 3 (Funding Priority of Payments) Payments to the First Priority Funding Deed of Charge).