Common use of Payover Clause in Contracts

Payover. If BFC receives any payment or makes any application on account of its Participation Interest in any Participated Pool RAL, BFC shall promptly pay over to BNB the amount in excess of the Applicable Percentage of the amount so received or applied, and until so paid over, the same shall be held by BFC in trust for BNB.

Payover. If BFC receives any payment or makes any application on account of its Participation Interest in any Participated Pool RAL, BFC shall promptly pay over to BNB HTMAC the amount in excess of the Applicable Percentage of the amount so received or applied, applied and until so paid over, the same shall be held by BFC in trust for BNBHTMAC.