APPLICATION OF PAYMENTS DURING DEFAULT Sample Clauses

APPLICATION OF PAYMENTS DURING DEFAULT. 31 12. INSPECTION................................................................32 13. ASSIGNMENT; MERGER; SUCCESSOR OWNER TRUSTEE...............................33

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount for requisition of title or requisition of use of any Item of Equipment referred to in this Section 8 which is payable to or retainable by Lessee shall not be paid to or retained by Lessee if at the time of such payment or retention a Default or a Lessee Event of Default shall have occurred and be continuing, but shall be held by or paid to Lessor and applied against the obligations of Lessee under this Lease, and at such time as there shall not be continuing any such Default or Lessee Event of Default, such amount shall be paid to Lessee to the extent not previously applied in accordance with this sentence.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount described in this ss. 10 that is payable or creditable to, or retainable by, Lessee shall not be paid or credited to, or retained by, Lessee if a Special Default or Event of Default exists when such payment, credit, or retention would otherwise occur, but shall instead be held by or paid over to Lessor as security for Lessee's obligations under this Lease and the other Lessee Operative Agreements, and shall be invested pursuant to ss. 4.4 hereof, unless and until such amount is applied, at the option of Lessor, or upon Lessee's written request to Lessor, from time to time during the existence of an Event of Default, to Lessee's obligations under this Lease as and when due (any such application shall be made to such Lessee obligations as Lessor determines in its sole discretion). If and when no Special Default and no Event of Default exists, such amount shall be paid to Lessee to the extent not previously applied in accordance with this ss. 10.9.

APPLICATION OF PAYMENTS DURING DEFAULT. 32 11. INSURANCE.................................................................32

APPLICATION OF PAYMENTS DURING DEFAULT. During the existence of an Event of Default during the Term Loan Period, Alliance may withdraw Account Funds deposited to the Collection Account and pay down borrowings on the Loans by applying such Account Funds.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount described in this ss. 10 that is payable or creditable to, or retainable by, Lessee shall noT be paid or credited to, or retained by, Lessee if a Special Default or Lease Event of Default exists when such payment, credit, or retention would otherwise occur, but shall instead be held by or paid over to Lessor (or to Mortgagee if Mortgagee has not notified Lessee that the Mortgage has been discharged) as security for Lessee's obligations under this Lease and the other Lessee Operative Agreements, and shall be invested pursuant to ss. 4.4 hereof, unless and until such amount is applied, at the option of Lessor, or upon Lessee's written request to Lessor, from time to time during the existence of a Lease Event of Default, to Lessee's obligations under this Lease as and when due (any such application shall be made to such Lessee obligations as Lessor determines in its sole discretion). If and when no Special Default and no Lease Event of Default exists, such amount shall be paid to Lessee to the extent not previously applied in accordance with this ss. 10.9.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount described in this § 9 that is payable or creditable to, or retainable by, Lessee shall not be paid or credited to, or retained by, Lessee if a Special Default exists when such payment, credit, or retention would otherwise occur, but shall instead be held by or paid over to Lessor as security for Lessee’s obligations under the Operative Agreements, and shall be invested pursuant to § 4.4 hereof, unless and until such amount is applied, at the option of Lessor, from time to time during the existence of a Special Default, to Lessee’s obligations under the Operative Agreements as and when due (any such application shall be made to such Lessee obligations as Lessor determines in its sole discretion). If and when no Special Default exists, such amount shall be paid to Lessee to the extent not previously applied in accordance with this § 9.9.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount received by Lessor referred to in SECTION 12.5, 12.6, 12.7 OR 12.8 that is payable to Lessee shall not be paid to Lessee if at the time of such payment a Default or an Event of Default exists, but shall be held by Lessor as security for the obligations of Lessee under this Lease and at such time as any such Default or Event of Default is not continuing, such amount, unless theretofore otherwise applied in exercise of Lessor's remedies hereunder, shall be paid to Lessee.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount received by Sublessor referred to in SECTIONS 12.5, 12.6, 12.7 OR 12.8 that is payable to Sublessee shall not be paid to Sublessee if at the time of such payment a Default or an Event of Default exists, but shall be held by Lender, or if the Release Notice has been delivered, by Lessor or Sublessor as security for the obligations of Sublessee under this Sublease and at such time as any such Default or Event of Default is not continuing, such amount, unless theretofore otherwise applied in exercise of Sublessor's remedies hereunder, shall be paid to Sublessee.

APPLICATION OF PAYMENTS DURING DEFAULT. Any amount described in this § 9 that is payable or creditable to, or retainable by, Lessee shall not be paid or credited to, or retained by, Lessee if a Special Default exists when such payment, credit, or retention would otherwise occur, but shall instead be held by or paid over to Lessor as security for Lessee’s obligations under the Operative Agreements, and shall be invested pursuant to § 4.4 hereof, unless and until such amount is applied, at the option of Lessor, from time to time during the existence of a Special Default, to Lessee’s obligations under the Operative Agreements as and when due (any such application shall be made to such Lessee obligations as Lessor determines in its sole discretion). If and when no Special Default exists, such amount shall be paid to Lessee to the extent not previously applied in accordance with this § 9.9. [**] — Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.