Application of Certain Other Payments. Except as otherwise provided in Section 3.1(b) or 3.1(c) hereof, any payment received by the Indenture Trustee for which provision as to the application thereof is made in an Operative Document, but not elsewhere in this Indenture (including payments received by the Indenture Trustee under the Calpine Guaranty), shall, unless a Lease Indenture Event of Default shall have occurred and be continuing, be applied forthwith to the purpose for which such payment was made in accordance with the terms of such Operative Document. If at the time of the receipt by the Indenture Trustee of any payment referred to in the preceding sentence there shall have occurred and be continuing a Lease Indenture Event of Default, the Indenture Trustee shall hold such payment as part of the Indenture Estate, but the Indenture Trustee shall, except as otherwise provided in Section 3.1(b) or 3.1(c) hereof, cease to hold such payment and shall apply such payment to the purpose for which it was made in accordance with the terms of such Operative Document if and whenever there is no longer continuing any Lease Indenture Event of Default; provided, however, that any such payment received by the Indenture Trustee which is payable to the Facility Lessee shall not be held by the Indenture Trustee unless a Significant Lease Default or Lease Event of Default shall have occurred and be continuing.
Application of Certain Other Payments. 31 Section 3.6.
Application of Certain Other Payments. Any payments received by Indenture Trustee or any Secured Party for which provision as to the application thereof is made in this Agreement or any other Operative Document shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of this Agreement, or such other Operative Document.
Application of Certain Other Payments. Any payments received by Lenders for which provision as to the application thereof is made in the Operative Documents but not elsewhere in this Agreement shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of the Operative Documents.
Application of Certain Other Payments. Any payments received by any Certificate Holder for which provision as to the application thereof is made in the Operative Documents but not elsewhere in this Trust Agreement shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of the Operative Documents.
Application of Certain Other Payments. Except as otherwise provided in Section 3.1(b) or 3.1(c), any payment received by the Indenture Trustee for which
Application of Certain Other Payments. Except as otherwise provided in Section 5.1, 5.2, 5.3, 5.4 or 5.5 hereof, any moneys received by the Indenture Trustee for which provision as to the application thereof is made in the Lease or the Participation Agreement or any other Granting Clause Document, but not elsewhere in this Indenture, shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of the Lease or the Participation Agreement or such other Granting Clause Document, as the case may be.
Application of Certain Other Payments. Except as otherwise provided in Section 5.1, 5.2, 5.3, 5.4 or 5.5, any moneys received and amounts realized by Agent for which provision as to the application thereof is made in any of the Operative Documents, the Xxxxxx Agreements and the other Granting Clause Documents, but not elsewhere in this Agreement, shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of such Operative Document, Xxxxxx Agreement or other Granting Clause Document.
Application of Certain Other Payments. Except as otherwise provided in Section 6.02, 6.03, 6.04 or 6.05, any moneys received by the Indenture Trustee for which provisions as to the application thereof are made in the Lease or the Participation Agreement, but not else where in this Indenture, shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of the Lease or the Participation Agreement, as the case may be; provided, however, that the Indenture Trustee shall hold such payment (other than amounts payable to the Holders and Excepted Payments) as part of the Estate so long as there shall have occurred and be continuing any Default or Event of Default, subject to the proviso in Section 6.03; provided, further, that if such payment is owed to the Lessee and no Special Default or Lease Event of Default has occurred and is continuing, the Indenture Trustee shall pay as soon as practicable such amount to the Lessee.
Application of Certain Other Payments. Any payments received by any Lender for which provision as to the application thereof is made in this Agreement, the Loan Agreement or the Notes shall be applied forthwith to the purpose for which such payment was made in accordance with the terms of this Agreement, the Loan Agreement or the Notes.
