Common use of Amounts Received for Which No Provision Is Made Clause in Contracts

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or any other Operative Document shall be held by the Indenture Trustee as part of the Indenture Estate in a cash collateral account maintained under Section 7.04, and (b) all payments received and amounts realized by the Indenture Trustee under the Charter, including without limitation, Article 14(b) of the Charter, or otherwise with respect to the Vessel, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunder, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, and interest on all such Secured Notes, shall be distributed forthwith by the Indenture Trustee in the order of priority set forth in Section 4.03, omitting clause "third" thereof. The Indenture Trustee shall give prompt notice to the Owner Trust and each Holder of the receipt of any moneys by the Indenture Trustee subject to the provisions of this Section 4.06.

Appears in 4 contracts

Samples: Lease and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp), Lease, and Security Agreement (Mobil Corp)

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Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or any other Operative Document shall be held by the Indenture Trustee as part of the Indenture Estate in a cash collateral account maintained under Section 7.04, and (b) all payments received and amounts realized by the Indenture Trustee under the Charter, including without limitation, Article 14(b) of the Charter, or otherwise with respect to the Vessel, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunder, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal ofprincipal, of Make-Whole Amount, if any, and interest on all such Secured Notes, shall be distributed forthwith by the Indenture Trustee in the order of priority set forth in Section 4.03, omitting clause "third" thereof. The Indenture Trustee shall give prompt notice to the Owner Trust and each Holder of the receipt of any moneys by the Indenture Trustee subject to the provisions of this Section 4.06.

Appears in 2 contracts

Samples: Lease and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp)

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or any other Operative Document shall be held by the Indenture Trustee as part of the Indenture Estate in a cash collateral account maintained under Section 7.04, and (b) all payments received and amounts realized by the Indenture Trustee under the Charter, including without limitation, Article 14(b) of the Charter, this Indenture or otherwise with respect to the VesselUndivided Interest, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunderhereunder or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, of and interest on all such Secured NotesNotes or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, shall be distributed forthwith by the Indenture Trustee in the order of priority set forth in Section 4.03, omitting clause "third" thereof. The Indenture Trustee shall give prompt notice to the Owner Trust EEX and each Holder of the receipt of any moneys by the Indenture Trustee subject to the provisions of this Section 4.06.

Appears in 1 contract

Samples: Eex Corp

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or in any other Operative Document shall be held by the Indenture Trustee Document, except as part of the Indenture Estate provided in a cash collateral account maintained under Section 7.044.03, and (b) all payments received and amounts realized by the Indenture Trustee under the Charterthis Indenture including, including without limitation, Section 11.7 of Article 14(b) of the Charter, XI or otherwise with respect to the Vessel, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunderhereunder or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, of and interest on all such Secured NotesNotes or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, shall be distributed forthwith by the Indenture Trustee in the following order of priority set forth in Section 4.03priority: first, omitting clause "third" thereof. The Indenture Trustee so much of such aggregate amount as shall give prompt notice be required to the Owner Trust and each Holder of the receipt of any moneys by pay ----- the Indenture Trustee subject all amounts then due it pursuant to Section 6.04 shall be applied to pay the provisions Indenture Trustee such amounts; and second, the balance, if any, of this Section 4.06such aggregate amount remaining ------ thereafter shall be distributed to MTFC to be held or distributed in accordance with the terms of the Participation Agreement.

Appears in 1 contract

Samples: Mobil Corp

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or in any other Operative Document shall be held by the Indenture Trustee Document, except as part of the Indenture Estate provided in a cash collateral account maintained under Section 7.044.03, and (b) all payments received and amounts realized by the Indenture Trustee under the CharterLease, including including, without limitation, Article 14(bSection 11.7(b) of the CharterLease, or otherwise with respect to the VesselFacility Assets, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunderhereunder or after the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, and interest on all such Secured Notes, shall be distributed forthwith by the Indenture Trustee in the following order of priority set forth in Section 4.03priority: first, omitting clause "third" thereof. The Indenture Trustee so much of such aggregate amount as shall give prompt notice be required to the Owner Trust and each Holder of the receipt of any moneys by pay ----- the Indenture Trustee subject all amounts then due it pursuant to Section 6.04 shall be applied to pay the provisions of this Section 4.06.Indenture Trustee such amounts; and

Appears in 1 contract

Samples: Mobil Corp

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Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or in any other Operative Document shall be held by the Indenture Trustee Document, except as part of the Indenture Estate provided in a cash collateral account maintained under Section 7.044.03, and (b) all payments received and amounts realized by the Indenture Trustee under the Charter, including without limitation, Article 14(b) of the Charter, or otherwise with respect to the Vessel, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunderhereunder or after the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, and interest on all such Secured Notes, shall be distributed forthwith by the Indenture Trustee in the following order of priority set forth in Section 4.03priority: first, omitting clause "third" thereof. The so much of such aggregate amount as shall be required to pay ----- the Indenture Trustee all amounts then due it pursuant to Section 6.04 shall give prompt notice be applied to pay the Indenture Trustee such amounts; and second, the balance, if any, of such aggregate amount remaining ------ thereafter shall be distributed to the Owner Trust and each Holder Trustee to be held or distributed in accordance with the terms of the receipt of any moneys by Trust Agreement, the Indenture Trustee subject to Charter or the provisions of this Section 4.06Participation Agreement, as applicable.

Appears in 1 contract

Samples: Mobil Corp

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or in any other Operative Document shall be held by the Indenture Trustee Document, except as part of the Indenture Estate provided in a cash collateral account maintained under Section 7.044.03, and (b) all payments received and amounts realized by the Indenture Trustee under the Charterthis Indenture including, including without limitation, Section 11.7 of Article 14(b) of the Charter, XI or otherwise with respect to the VesselFacility Assets, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunderhereunder or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, of and interest on all such Secured NotesNotes or the conditions set forth in Section 10.01 for the defeasance of the Secured Notes shall have been satisfied, shall be distributed forthwith by the Indenture Trustee in the following order of priority set forth in Section 4.03priority: first, omitting clause "third" thereof. The Indenture Trustee so much of such aggregate amount as shall give prompt notice be required to the Owner Trust and each Holder of the receipt of any moneys by pay ----- the Indenture Trustee subject all amounts then due it pursuant to Section 6.04 shall be applied to pay the provisions Indenture Trustee such amounts; and second, the balance, if any, of this Section 4.06such aggregate amount remaining ------ thereafter shall be distributed to MCFT to be held or distributed in accordance with the terms of the Participation Agreement.

Appears in 1 contract

Samples: Mobil Corp

Amounts Received for Which No Provision Is Made. (a) ----------------------------------------------- Any payment received or amounts realized by the Indenture Trustee for which no provision as to the application thereof is made elsewhere in this Indenture or any other Operative Document shall be held by the Indenture Trustee as part of the Indenture Estate in a cash collateral account maintained under Section 7.04, and (b) all payments received and amounts realized by the Indenture Trustee under the CharterLease, including without limitation, Article 14(bSection 11.7(b) of the CharterLease, or otherwise with respect to the VesselUndivided Interest, to the extent received or realized at any time after payment in full of the principal of and interest on all Secured Notes issued hereunder, as well as any other amounts remaining as part of or as proceeds of the Indenture Estate after payment in full of the principal of, Make-Whole Amount, if any, and interest on all such Secured Notes, shall be distributed forthwith by the Indenture Trustee in the order of priority set forth in Section 4.03, omitting clause "third" thereof. The Indenture Trustee shall give prompt notice to the Owner Trust Grantor Trustee and each Holder of the receipt of any moneys by the Indenture Trustee subject to the provisions of this Section 4.06.

Appears in 1 contract

Samples: Eex Corp

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