Common use of Enforcement When Not All Amounts Due and Payable Clause in Contracts

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.

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.