Common use of Payment and Security Clause in Contracts

Payment and Security. The Security Agent and any Receiver may retain and -------------------- pay out of any money in the Security Agent's or (as the case may be) Receiver's hands all sums necessary to effect the payments, obligations and indemnities contained in Clause 11 (Costs, Charges and Expenses) and Clause 12 (Indemnities and Currencies) and all sums payable by any Obligor under Clause 11 and Clause 12 shall form part of the monies hereby secured. Facility Agreement dated October 30,2000 Schedule 6

Appears in 1 contract

Sources: Facility Agreement (Hawker Pacific Aerospace)

Payment and Security. The Security Agent and any Receiver may retain and -------------------- pay out of any -------------------- money in the Security Agent's or (as the case may be) Receiver's hands all sums necessary to effect the payments, obligations and indemnities contained in Clause 11 14 (Costs, Charges and Expenses) and Clause 12 15 (Indemnities and Currencies) and all sums payable by any Obligor the Chargor under Clause 11 14 and Clause 12 15 shall form part of the monies hereby secured. Facility Agreement dated October 30,2000 30, 2000 Schedule 65

Appears in 1 contract

Sources: Facility Agreement (Hawker Pacific Aerospace)

Payment and Security. The Security Agent and any Receiver may retain and -------------------- pay out of any -------------------- money in the Security Agent's or (as the case may be) Receiver's hands all sums necessary to effect the payments, obligations and indemnities contained in Clause 11 14 (Costs, Charges and Expenses) and Clause 12 15 (Indemnities and Currencies) and all sums payable by any Obligor the Chargor under Clause 11 14 and Clause 12 15 shall form part of the monies hereby secured. Facility Credit Agreement dated October 30,2000 30, 2000 Schedule 6

Appears in 1 contract

Sources: Credit Agreement (Hawker Pacific Aerospace)

Payment and Security. The Security Agent and any Receiver may retain and -------------------- pay out of any money in the Security Agent's or (as the case may be) such Receiver's hands all sums necessary to effect the payments, obligations and indemnities contained in Clause 11 13 (Costs, Charges and Expenses) and Clause 12 14 (Indemnities and Currencies) and all sums payable by any Obligor the Company under Clause 11 13 (Costs, Charges and Expenses) and Clause 12 14 (Indemnities and Currencies) shall form part of the monies hereby secured. Facility Agreement dated October 30,2000 Schedule 6.

Appears in 1 contract

Sources: Credit Agreement (Hawker Pacific Aerospace)