Common use of SURVIVAL OF OBLIGATION Clause in Contracts

SURVIVAL OF OBLIGATION. The obligation of the Subordinated Party to deliver to the Lease Indenture Trustee any payment or collateral received in connection with any Subordinated Claims, set forth in Section 3.1, shall survive and shall not be in any way affected by the result of any(a) insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to any Owner Lessor, its property or its creditors as such, (b) proceeding for any liquidation, dissolution or other winding-up of any Owner Lessor, voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings, (c) assignment for the benefit of creditors, (d) other marshalling of the assets of any Owner Lessor or (e) general meeting of creditors of any Owner Lessor, in each case, under the laws of the United States or any other jurisdiction (any such event, a "PROCEEDING").

SURVIVAL OF OBLIGATION. The obligation of the Subordinated Party Parties to deliver to the Lease Indenture Trustee Collateral Agent any payment or collateral received in connection with any Subordinated Claims, set forth in Section 3.1, shall survive and shall not be in any way affected by the result of any(aany (a) insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to any Owner LessorIntercompany Borrower, its property or its creditors as such, (b) proceeding for any liquidation, dissolution or other winding-up of any Owner LessorIntercompany Borrower, voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings, (c) assignment for the benefit of creditors, (d) other marshalling of the assets of any Owner Lessor Intercompany Borrower or (e) general meeting of creditors of any Owner LessorIntercompany Borrower, in each case, under the laws of the United States or any other jurisdiction (any such event, a "PROCEEDING").

SURVIVAL OF OBLIGATION. The obligation of the Subordinated Party to deliver to the Lease Indenture Trustee any payment or collateral received in connection with any Subordinated Claims, set forth in Section 3.1, shall survive and shall not be in any way affected by the result of any(aany (a) insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to any Owner Lessor, its property or its creditors as such, (b) proceeding for any liquidation, dissolution or other winding-up of any Owner Lessor, voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings, (c) assignment for the benefit of creditors, (d) other marshalling of the assets of any Owner Lessor or (e) general meeting of creditors of any Owner Lessor, in each case, under the laws of the United States or any other jurisdiction (any such event, a "PROCEEDINGProceeding").. ARTICLE IV

SURVIVAL OF OBLIGATION. The obligation of the Subordinated Party to deliver to the Lease Indenture Trustee Holdings Collateral Agent any payment or collateral received in connection with any Subordinated Claims, as set forth in Section SECTION 3.1, shall survive and shall not be in any way affected by the result of any(aany (a) insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to any Owner LessorBorrower, its property or its creditors as such, (b) proceeding for any liquidation, dissolution or other winding-up of any Owner LessorBorrower, voluntary or involuntary, whether or not involving insolvency or bankruptcy proceedings, (c) assignment for the benefit of creditors, (d) other marshalling of the assets of any Owner Lessor Borrower or (e) general meeting of creditors of any Owner LessorBorrower, in each case, under the laws of the United States or any other jurisdiction (any such event, a "PROCEEDING").