Common use of Saving Provision Clause in Contracts

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 should fail or be unenforceable, the affected Creditor, Operating Facility Lender or Debtor will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, promptly pay an amount equal to that receipt or recovery to the Security Agent for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 ‎‎9 should fail or be unenforceable, the affected Creditor, Operating Facility Lender Creditor or Debtor will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, will promptly pay an amount equal to that receipt or recovery to the Security Agent, to the extent permitted by applicable law, to be held on trust by the Security Agent for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor, Operating Facility Lender Creditor or Debtor will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, will promptly pay an amount equal to that receipt or recovery to the Security Agent to be held on trust by the Security Agent for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 should fail or be unenforceable, the affected Creditor, Operating Facility Lender Creditor or Debtor will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, will promptly pay or distribute an amount equal to that receipt or recovery to the Security Agent to be held on trust by the Security Agent for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 should fail or be unenforceable, the affected Creditor, Operating Facility Lender Lender, Debtor or Debtor Third Party Security Provider will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, promptly pay an amount equal to that receipt or recovery to the Security Agent for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 should fail or be unenforceable, the affected Creditor, Operating Facility Lender Debtor or Debtor grantor of Transaction Security will, unless otherwise agreed by to the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agentextent legally permissible, promptly pay an amount equal to that receipt or recovery to the Security Agent Trustee to be held on trust by the Security Trustee for application in accordance with the terms of this Agreement.

Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 10 should fail or be unenforceable, the affected Creditor, Operating Facility Lender Creditor or Debtor will, unless otherwise agreed by the Security Agent and subject to receiving payment instructions and any other relevant information from the Security Agent, will promptly pay an amount equal to that receipt or recovery to the Security Agent to be held on trust by the Security Agent for application in accordance with the terms of this Agreement.