Application in Default. Any amount referred to in clause (i) or (ii) of Section 11(d) or Section 11(e) which is otherwise payable to Lessee shall not be paid to Lessee, or, if it has been previously paid to or retained by Lessee, shall be paid by Lessee to Lessor, if at the time of such payment or retention a Default or an Event of Default shall have occurred and be continuing. In such case, all such amounts shall be paid to and held by Indenture Trustee so long as the Lien of the Indenture shall not have been discharged and thereafter by Lessor as security for the obligations of Lessee, or, at the option of Lessor or the Indenture Trustee, as the case may be, applied by Lessor or the Indenture Trustee, as the case may be, toward payment of any of Lessee's obligations at the time due hereunder, as Lessor or the Indenture Trustee, as the case may be, may elect, including, without limitation, by reason of this Lease being declared or deemed in default. At such time as there shall not be continuing any such Event of Default or Default, all such amounts at the time held by Lessor or Indenture Trustee in excess of the amount, if any, which Lessor or Indenture Trustee has elected for application as provided above, shall be paid to Lessee.
Application in Default. Any amount referred to in clause (i) or (ii) of paragraph (e) or in paragraph (f) of this Article 10 which is payable to Lessee shall not be paid to Lessee or, if it has been previously paid directly to Lessee, shall not be retained by Lessee, if at the time of such payment an Event or an Event of Default shall have occurred and be continuing. In such event, all such amounts shall be paid to and held by Lessor as security for the performance by Lessee of its obligations hereunder or, at Lessor's option, applied by Lessor toward payment of any such obligations of Lessee at the time due hereunder as Lessor may elect. At such time as Lessee shall have cured all Events and Events of Default, all such amounts at the time held by Lessor in excess of the amounts, if any, which Lessor shall have elected to apply as above provided shall be paid to Lessee.
Application in Default. Any insurance proceeds referred to in this Lease which are otherwise payable to LESSEE, or if it has been previously paid to LESSEE and not yet applied by LESSEE as permitted or required hereunder, shall be delivered from LESSEE to LESSOR if, at the time of such payment, a Default or an Event of Default shall have occurred and be continuing. In such case, all such amounts shall be paid to and held by LESSOR as security for the obligations of LESSEE hereunder.
Application in Default. Any amount referred to in clause (i) or (ii) of Section 11(d) or Section 11(e) which is otherwise payable to Lessee shall not be paid to Lessee, or, if it has been previously paid to or retained by Lessee, shall be paid by Lessee to Lessor, if at the time of such payment or retention a Default or an Event of Default shall have occurred and be continuing. In such case, all
Application in Default. Any amount referred to in SECTIONS 9.3 or 9.4 which is payable to Lessee shall not be paid to Lessee or, if it has been previously paid to Lessee and not applied by Lessee as provided in SECTION 9.3 or 9.4, shall not be retained by Lessee, if an Event of Default or Event of Facility Termination shall have occurred and be continuing. In such event, all such amounts shall be paid to and held by Brazos as security for the obligations of Lessee hereunder or, at Brazos' option, applied by Brazos toward payment of any of such obligations of Lessee at the time due hereunder as Brazos may elect. At such time as there shall not be continuing any Event of Default or Event of Facility Termination, all such amounts at the time held by Brazos in excess of the amount, if any, which Brazos shall have elected to apply as above provided shall be applied as provided in SECTIONS 9.3 or 9.
Application in Default. Any amount referred to in Sections 8.4(a) or (b) or 8.5 hereof which is payable to the Sublessee shall not be paid to the Sublessee or, if it has been previously paid to the Sublessee, shall not be retained by the Sublessee, if at the time of such payment (a) in the case of Section 8.4 hereof, a Default or an Event of Default shall have occurred and be continuing or (b) in the case of Section 8.5 hereof, an Event of Default or a Default which after lapse of time would constitute an Event of Default of the character referred to in paragraph (a), (b) or (c) of Article 13 hereof shall have occurred and be continuing. In such event, all such amounts shall be paid to and held by the Sublessor as security for the obligations of the Sublessee to make payments hereunder. At such time as there shall not be continuing any Default or Event of Default or, in the case of payments pursuant to Section 8.5 hereof, any Event of Default or Default of the character referred to above, all such amounts at the time held by the Sublessor in excess of the amount, if any, which the Sublessor shall have elected to apply as above provided shall be paid to the Sublessee.
Application in Default. 18 Section 9.7. CERTIFICATES. . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 9.8. COVENANT TO KEEP INSURANCE IN FORCE . . . . . . . . . . . . . . 18
Application in Default. Any amount referred to in Section 12(d)(i) or (ii) or Section 12(e) which is otherwise payable to Lessee shall not be paid to Lessee, or, if it has been previously paid to Lessee, shall be delivered by Lessee to Lessor, if at the time of such payment, an Event of Default shall have occurred and be continuing. In either case, all such amounts shall be held by Lessor as security for the obligations of Lessee or, at the option of Lessor, applied by Lessor toward payment of any of Lessee's obligations at the time due hereunder. At such time as there shall not be continuing any such Event of Default, all such amounts at the time held by Lessor in excess of the amount, if any, which Lessor has elected for application as provided above shall be paid to Lessee.
Application in Default. Any amount referred to in SECTIONS 9.3 AND 9.4 which is payable to Vari-Lite shall not be paid to Vari-Lite or, if it has been previously paid to Vari-Lite and not applied by Vari-Lite as provided in SECTIONS 9.3 OR 9.4, shall not be retained by Vari-Lite, if at the time of such payment an Event of Default or Potential Default shall have occurred and be continuing. In such event, all such amounts shall be paid to and applied by Brazos toward payment of any of such obligations of Vari-Lite at the time due hereunder as Brazos may elect. At such time as there shall not be continuing any Event of Default or Potential Default, all such amounts at the time held by Brazos in excess of the amount, if any, which Brazos shall have elected to apply as above provided shall be applied as provided in SECTIONS 9.3 AND 9.
Application in Default. Any amount referred to in Sections 9.03 or 9.04 which is payable to Diamond Shamrock R & M shall not be paid to Diamond Shamrock R & M or, if it has been previously paid to Diamond Shamrock R & M and not applied by Diamond Shamrock R & M as provided in Sections 9.03 or 9.04, shall not be retained by Diamond Shamrock R & M, if at the time of such
