Enforcement When Not All Amounts Due and Payable Sample Clauses

Enforcement When Not All Amounts Due and Payable. If the Bond Trustee enforces the Security at a time when either no amounts or not all amounts owing in respect of the Obligations have become due and payable, the Bond Trustee (or a receiver appointed by it in accordance with this Agreement) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in Section 4.07 into, and retain such monies in, an interest-bearing account (a “Retention Account”) to be held by it as security and applied by it in accordance with Section 4.07 as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Security Trustee enforces the Fourth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Fourth Issuer Secured Obligations have become due and payable, the Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in CLAUSE 6 (Payments out of the Fourth Issuer Accounts Upon Enforcement) into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with CLAUSE 6 (Payments out of the Fourth Issuer Accounts Upon Enforcement) as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Funding 1 Security Trustee enforces the Funding 1 Security at a time when either no amounts or not all amounts owing in respect of the Funding 1 Secured Obligations have become due and payable, the Funding 1 Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in Clause 6 (Payments out of Funding 1 Accounts Prior to Acceleration) herein into, and retain such monies in, an interest- bearing account (a retention account) to be held by it as security and applied by it in accordance with Clause 6 (Payments out of Funding 1 Accounts Prior to Acceleration) herein as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Master Issuer Security Trustee enforces the Master Issuer Security at a time when either no amounts or not all amounts owing in respect of the Master Issuer Secured Liabilities have become due and payable, the Master Issuer Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in Clause 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) herein into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with Clause 6 (Payments out of the Master Issuer Transaction Accounts Prior to Enforcement) herein as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Issuer Security Trustee enforces the Issuer Security at a time when either no amounts or not all amounts owing in respect of the Issuer Secured Obligations have become due and payable, the Issuer Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in this Clause 6 into, and retain such monies in, an interest-bearing account (a retention account) to be held by it as security and applied by it in accordance with this Clause 6 as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Funding 2 Security Trustee enforces Funding 2 Security at a time when either no amounts or not all amounts owing in respect of Funding 2 Secured Liabilities have become due and payable, the Funding 2 Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in Clause 6 (Payments out of Funding 2 Accounts Prior to Acceleration) herein into, and retain such monies in, an interest-bearing account (a RETENTION ACCOUNT) to be held by it as security and applied by it in accordance with Clause 6 (Payments out of Funding 2 Accounts Prior to Acceleration) herein as and when any of the amounts referred to therein become due and payable.
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Enforcement When Not All Amounts Due and Payable. If the Sixth Issuer Security Trustee enforces the Sixth Issuer Security at a time when either no amounts or not all amounts owing in respect of the Sixth Issuer Secured Obligations have become due and payable, the Sixth Issuer Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies received or recovered by the Sixth Issuer Security Trustee or the Receiver for the benefit of the Sixth Issuer Secured Creditors in respect of the Sixth Issuer Secured Obligations into, and retain such monies in, an interest bearing account to be held by it as security (a "RETENTION ACCOUNT") and applied by it in accordance with CLAUSE 5.2 (Pre-Enforcement Priorities of Payment) on any subsequent Interest Payment Dates or, following the service of a Sixth Issuer Note Enforcement Notice, in accordance with CLAUSE 6 (Payments out of the Sixth Issuer Bank Accounts upon Enforcement).
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Enforcement When Not All Amounts Due and Payable. If the Funding 2 Security Trustee enforces Funding 2 Security at a time when either no amounts or not all amounts owing in respect of Funding 2 Secured Liabilities have become due and payable, the Funding 2 Security Trustee (or a Receiver) may, for so long as no such amounts or not all such amounts have become due and payable, pay any monies referred to in Clause 6 (Payments out of Funding 2 Accounts Prior to Acceleration) herein into, and retain such monies in, an interest-bearing account (a retention account) to be held by it as security and applied by it in accordance with Clause 6 (Payments out of Funding 2 Accounts Prior to Acceleration) herein as and when any of the amounts referred to therein become due and payable. 0018069-0000644 ICM:33283933.11 15
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Enforcement When Not All Amounts Due and Payable. If the Funding 2 Security Trustee enforces Funding 2 Security at a time when either no amounts or not all amounts owing in respect of Funding 2 Secured Liabilities have become due and payable, the
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Related to Enforcement When Not All Amounts Due and Payable

  • Remedies; Obtaining the Collateral Upon Default Each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law and under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may:

  • Payment of Default Interest Any interest which shall have accrued under Clause 16.2 (Default Interest) in respect of an unpaid sum shall be due and payable and shall be paid by the Borrower at the end of the period by reference to which it is calculated or on such other dates as the Lender may specify by written notice to the Borrower.

  • Agent only obliged to pay when monies received Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent shall not be obliged to make available to the Borrower or any Lender any sum which the Agent is expecting to receive for remittance or distribution to the Borrower or that Lender until the Agent has satisfied itself that it has received that sum.

  • Allocation of Payments After Event of Default Notwithstanding any other provisions of this Credit Agreement, after the occurrence and during the continuance of an Event of Default with respect to any Borrower, all amounts collected from such Borrower or received by the Administrative Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable outside attorneys’ fees other than the fees of in-house counsel) of the Administrative Agent or any of the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents against such Borrower and any protective advances made by the Administrative Agent or any of the Lenders, pro rata as set forth below; SECOND, to payment of any fees owed to the Administrative Agent or any Lender by such Borrower, pro rata as set forth below; THIRD, to the payment of all accrued interest payable to the Lenders by such Borrower hereunder, pro rata as set forth below; FOURTH, to the payment of the outstanding principal amount of the Loans or Letters of Credit outstanding of such Borrower, pro rata as set forth below; FIFTH, to all other obligations which shall have become due and payable of such Borrower under the Credit Documents and not repaid pursuant to clauses “FIRST” through “FOURTH” above; and SIXTH, the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus. In carrying out the foregoing, (a) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category and (b) each of the Lenders shall receive an amount equal to its pro rata share (based on each Lender’s Commitment Percentages) of amounts available to be applied.

  • No Collection Obligations Bank shall be under no obligation or duty to take action to effect collection of, or be liable for, any amounts payable in respect of Securities or Approved Investments if such Securities or Approved Investments are in default, or if payment is refused after due demand and presentation.

  • Failure to Make Payments When Due Failure by the Borrower to pay (i) any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within five Business Days after the date due; or

  • Indemnification Obligations Net of Insurance Proceeds and Other Amounts (a) The Parties intend that any Liability subject to indemnification, contribution or reimbursement pursuant to this Article IV or Article V will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of any indemnifiable Liability. Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “Indemnitee”) will be reduced by any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10) calendar days of receipt of such Insurance Proceeds, the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance Proceeds or such other amounts (net of any out-of-pocket costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was made.

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