Common use of Application in Default Clause in Contracts

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 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, allall such amounts shall be paid to and held by Indenture Trustee so long as the Lien of the Indenture shall not have been

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, allDefault

Application in Default. Any amount referred to in clause (i) or (ii) of Section 11(d12(c) or Section 11(e12(d) which is otherwise payable to Lessee shall not be paid to Lessee, or, or if it has been previously paid to or retained by Lessee, shall be paid by Lessee to LessorIndenture Trustee, 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, allso long as the