Amounts During Indenture Event of Default Sample Clauses

Amounts During Indenture Event of Default. All distributions and payments (except Excepted Property) received and amounts held or realized by Indenture Trustee with respect to Nonaffiliated Partner Trustee's Partnership Interest or Partnership's interest in any Unit subject to the Lien of this Indenture while an Indenture Event of Default exists (including any amounts thereafter realized by Indenture Trustee from the exercise of any remedies pursuant to Section 8), as well as all distributions, payments or amounts then held or thereafter received by Indenture Trustee as part of the Indenture Estate while such Indenture Event of Default exists, shall be distributed by Indenture Trustee in the following order of priority: first, so much of such distributions, payments or amounts as is required to pay Indenture Trustee all amounts then due it pursuant to Section 9.5 shall be applied to pay Indenture Trustee such amounts; second, so much of such distributions, payments or amounts as is required to pay the expenses (including, without limitation, all fees, taxes, assessments, insurance and other proper charges) (i) of any sale, taking or other proceeding, (ii) of or in connection with the use, operation, storage, leasing, controlling or managing the Indenture Estate and of all maintenance, insurance, repairs, replacements, alterations, additions or improvements of any property included in the Indenture Estate, (iii) of or in connection with realizing on any of the collateral in the Indenture Estate, including, in the case of each of clauses (i), (ii) and (iii) all reasonable attorneys' fees and expenses, court costs and any other reasonable expenditures incurred or advances made by Indenture Trustee or any Holder in the protection, exercise or enforcement of any right, power or remedy or taking of any other action permitted by this Indenture or by law upon such Indenture Event of Default, all of the foregoing to the extent incurred in accordance with Section 8.3(c); fourth, the balance, if any, of such distributions, payments or amounts remaining thereafter shall be distributed to Nonaffiliated Partner Trustee for distribution under the Trust Agreement; except that, anything in this Section 3 to the contrary notwithstanding, after Indenture Trustee has knowledge of an Indenture Event of Default (including, without limitation, a BJ Event of Default), all amounts (other than Excepted Property) that, but for the provisions of this Section 3.5, would otherwise be distributable by Indenture Trustee to Nonaff...
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Related to Amounts During Indenture Event of Default

  • Guarantee Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of a Guarantee Event of Default actually known to a Responsible Officer of the Guarantee Trustee, transmit by mail, first class postage prepaid, to the Holders of the Securities, notices of all such Guarantee Events of Default, unless such defaults have been cured before the giving of such notice; provided, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Securities.

  • No Event of Default, etc No condition or event has occurred or exists which constitutes or which, after notice or lapse of time or both, would constitute an Event of Default.

  • Servicer Event of Default Any one of the conditions or circumstances enumerated in Section 4.07 with respect to the Servicer.

  • Servicer Events of Default (a) The following events shall each constitute a "Servicer Event of Default" hereunder:

  • Master Servicer Events of Default Each of the following shall constitute a "Master Servicer Event of Default":

  • Event of Default Defined; Acceleration of Maturity; Waiver of Default Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Additional Event of Default The following will constitute an additional Event of Default with respect to Party B: "NOTE ACCELERATION NOTICE. A Note Acceleration Notice is served on Party B in relation to the Relevant Notes."

  • Duties and Responsibilities of the Trustee; During Default; Prior to Default With respect to the Holders of any series of Securities issued hereunder, the Trustee, prior to the occurrence of an Event of Default with respect to the Securities of a particular series and after the curing or waiving of all Events of Default which may have occurred with respect to such series, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. In case an Event of Default with respect to the Securities of a series has occurred (which has not been cured or waived) the Trustee shall exercise with respect to such series of Securities such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that

  • Event of Default Defined Acceleration of Maturity; Waiver of Default. "Event of Default" with respect to Securities of any series wherever used herein, means each one of the following events which shall have occurred and be continuing (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Repayment on Event of Default When there is an Event of Default, Borrower will, if Bank demands (or, upon the occurrence of an Event of Default under Section 8.5, immediately without notice or demand from Bank) repay all of the Advances. The demand may, at Bank’s option, include the Advance for each Financed Receivable then outstanding and all accrued Finance Charges, the Early Termination Fee, Collateral Handling Fee, attorneys’ and professional fees, court costs and expenses, and any other Obligations.

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