Common use of Payment of Distributions Clause in Contracts

Payment of Distributions. (a) After the occurrence of an Insolvency Event, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group in respect of Liabilities owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group to pay that distribution to the Security Agent until the Liabilities owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency EventEvent in relation to any Obligor, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group Obligor in respect of Liabilities the Debt owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group Obligor to pay that distribution to the Security Agent until the Liabilities Debt owing to the Secured Parties have been paid in full.

Payment of Distributions. (aA) After the occurrence of an Insolvency EventEvent in relation to an Obligor, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group Obligor in respect of Liabilities owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group Obligor to pay that distribution to the Security and Intercreditor Agent until the Liabilities owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency EventEvent in relation to any member of the Group, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group in respect of Liabilities owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group to pay that distribution to the Security Agent until the Liabilities owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency EventEvent in relation to any Obligor, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group Obligor in respect of Liabilities the Debt owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group Obligor to pay that distribution to the Security Agent until the Liabilities Debt owing to the Secured Parties have been paid in full.. 181

Payment of Distributions. (a) After the occurrence of an Insolvency EventEvent in relation to any member of the Group, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or such member of the Group in respect of Liabilities Obligations owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group such Debtor to pay that distribution to the Security Agent until the Liabilities Obligations owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency Event, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group in respect of Liabilities owed to that Party shall, to the 112 extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group to pay that distribution to the Security Agent until the Liabilities owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency Event, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group an Unsecured Guarantor in respect of Liabilities owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group to pay that distribution to the Security Collateral Agent until the Liabilities owing to the Secured Parties have been paid in full.

Payment of Distributions. (a) After the occurrence of an Insolvency EventEvent in relation to any Debtor which is continuing, any Party entitled to receive a distribution out of the assets of that Debtor, Security Grantor or member of the Group Debtor in respect of Liabilities owed to that Party shall, to the extent it is able to do so, direct the person responsible for the distribution of the assets of that Debtor, Security Grantor or member of the Group Debtor to pay that distribution to the Security Agent until the Liabilities owing to the Secured Parties have been paid in full.full.‌