Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in eRect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.
Appears in 177 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in eRect effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.
Appears in 161 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in eRect effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, Representative and shall return such excess on demand.
Appears in 3 contracts
Samples: Note Indenture (iCross Premiere LLC), Note Indenture (iCross Premiere LLC), Note Indenture (iCross Premiere LLC)
