Common use of Disposition of Obligations Received Clause in Contracts

Disposition of Obligations Received. All purchase money or other obligations received by the Collateral Agent or the Trustee under this Article XI shall be held by the Collateral Agent or the Trustee, as the case may be, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or the obligor thereof to the Collateral Agent or the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), the Trustee shall promptly release and transfer, or cause the Collateral Agent to promptly release and transfer, such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee and Collateral Agent may reasonably require. Any cash or Cash Equivalents received by the Collateral Agent or the Trustee in respect of the principal of any such obligations shall be held by the Collateral Agent or the Trustee, as the case may be, as Trust Moneys under Article XII subject to application as therein provided. Unless and until the Notes are accelerated, pursuant to Section 6.2, (i) all interest and other income on any such obligations that do not constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be paid to the Company from time to time in accordance with Section 12.8 and (ii) all interest and other income on any such obligations that constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be used to redeem Notes pursuant to Section 4.13(c). If the Notes have been accelerated pursuant to Section 6.2, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall be applied by the Collateral Agent or the Trustee, as the case may be, in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee or the Collateral Agent or the Trustee under this Article XI shall be held by the Collateral Agent Trustee or the TrusteeCollateral Agent, as the case may be, as a part of the Collateral. Upon payment in cash or Cash Equivalents cash equivalents by or on behalf of the Company to the Trustee or the obligor thereof to the Collateral Agent or the Trustee of the entire unpaid principal amount at maturity of any such obligation, to the extent not constituting Net Available Cash Proceeds from an Asset Sale which may be required, through the passage of Collateral time or other disposition of Collateral which are required otherwise, to be used to redeem Notes pursuant or repurchase or to Section 4.13(c)make an offer to redeem or repurchase Securities, the Trustee or the Collateral Agent, as appropriate, shall promptly release and transfer, or cause the Collateral Agent to promptly release and transfer, transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee and or the Collateral Agent may reasonably require. Any cash or Cash Equivalents cash equivalents received by the Trustee or the Collateral Agent or the Trustee in respect of the principal of any such obligations shall be held by the Collateral Agent Trustee or the TrusteeCollateral Agent, as the case may be, as Trust Moneys under Article XII 13 subject to application as therein providedprovided and as provided in the Security Agreements. Unless and until Until the Notes Securities are accelerated, accelerated pursuant to Section 6.26.02, (i) all interest and other income on any such obligations that do not constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c)obligations, when received by the Collateral Agent or the Trustee, Trustee shall be paid to the Company from time to time in accordance with Section 12.8 and (ii) all interest and other income on any such obligations that constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be used to redeem Notes pursuant to Section 4.13(c)13.08. If the Notes Securities have been accelerated pursuant to Section 6.26.02, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall be applied by the Collateral Agent or the Trustee, as the case may be, Trustee in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee or the Notes Collateral Agent or the Trustee under this Article XI shall be held by the Collateral Agent Trustee or the TrusteeNotes Collateral Agent, as the case may be, as a part of the CollateralCollateral (except as may be provided by the terms of the Intercreditor Agreement). Upon Subject to the terms of the Intercreditor Agreement, upon payment in cash or Cash Equivalents cash equivalents by or on behalf of the Company to the Trustee or the obligor thereof to the Notes Collateral Agent or the Trustee of an amount equal to the entire unpaid principal amount of any such obligation, to the extent not constituting Net Available Cash Proceeds from an Asset Sale which may be required, through the passage of Collateral time or other disposition of Collateral which are required otherwise, to be used to redeem Notes pursuant or repurchase or to Section 4.13(c)make an offer to redeem or repurchase Securities, the Trustee or the Notes Collateral Agent, as appropriate, shall promptly release and transfer, or cause the Collateral Agent to promptly release and transfer, transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee and or the Notes Collateral Agent may reasonably require. Any Subject to the terms of the Intercreditor Agreement, any cash or Cash Equivalents cash equivalents received by the Trustee or the Notes Collateral Agent or the Trustee in respect of the principal of any such obligations shall be held by the Collateral Agent Trustee or the TrusteeNotes Collateral Agent, as the case may be, as Trust Moneys under Article XII 12 subject to application as therein providedprovided and as provided in the Security Documents. Unless and until Until the Notes Securities are accelerated, accelerated pursuant to Section 6.26.02, (i) all interest and other income on any such obligations that do not constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c)obligations, when received by the Collateral Agent or the Trustee, Trustee shall be paid to the Company from time to time in accordance with Section 12.8 and (ii) all interest and other income on any such obligations that constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be used to redeem Notes pursuant to Section 4.13(c)12.08. If the Notes Securities have been accelerated pursuant to Section 6.26.02, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall shall, subject to the terms of the Intercreditor Agreement, be applied by the Collateral Agent or the Trustee, as the case may be, Trustee in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money or other obligations received by the Collateral Agent or the Trustee under this Article XI shall be held by the Collateral Agent or the Trustee, as the case may be, as a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or the obligor thereof to the Collateral Agent or the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of Collateral time or other disposition of Collateral which are required otherwise, to be used to redeem Notes purchase Securities pursuant to Section 4.13(c)4.13, the Trustee shall promptly release and transfer, or cause the Collateral Collat- eral Agent to promptly release and transfer, such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee and Collateral Agent may reasonably require. Any cash or Cash Equivalents received by the Collateral Agent or the Trustee in respect of the principal of any such obligations shall be held by the Collateral Agent or the Trustee, as the case may be, as Trust Moneys under Article XII subject to application as therein provided. Unless and until the Notes Securities are accelerated, pursuant to Section 6.2, (i) all interest and other income on any such obligations that do not constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c)obligations, when received by the Collateral Agent or the Trustee, shall be paid to the Company from time to time in accordance with Section 12.8 and (ii) all interest and other income on any such obligations that constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be used to redeem Notes pursuant to Section 4.13(c)12.8. If the Notes Securities have been accelerated pursuant to Section 6.2, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall be applied by the Collateral Agent or the Trustee, as the case may be, in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money or and other obligations received by the Trustee or the Collateral Agent or the Trustee under this Article XI shall be held by the Collateral Agent Trustee or the TrusteeCollateral Agent, as the case may be, as a part of the Collateral. Upon payment in cash or Cash Equivalents cash equivalents by or on behalf of the Company to the Trustee or the obligor thereof to the Collateral Agent or the Trustee of the entire unpaid principal amount of any such obligation, to the extent not constituting Net Available Cash Proceeds from an Asset Sale which may be required, through the passage of Collateral time or other disposition of Collateral which are required otherwise, to be used to redeem Notes pursuant or repurchase or to Section 4.13(c)make an offer to redeem or repurchase Securities, the Trustee or the Collateral Agent, as appropriate, shall promptly release and transfer, or cause the Collateral Agent to promptly release and transfer, transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee and or the Collateral Agent may reasonably require. Any cash or Cash Equivalents cash equivalents received by the Trustee or the Collateral Agent or the Trustee in respect of the principal of any such obligations shall be held by the Collateral Agent Trustee or the TrusteeCollateral Agent, as the case may be, as Trust Moneys under Article XII 12 subject to application as therein providedprovided and as provided in the Security Documents. Unless and until Until the Notes Securities are accelerated, accelerated pursuant to Section 6.26.02, (i) all interest and other income on any such obligations that do not constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c)obligations, when received by the Collateral Agent or the Trustee, Trustee shall be paid to the Company from time to time in accordance with Section 12.8 and (ii) all interest and other income on any such obligations that constitute Net Cash Proceeds from an Asset Sale of Collateral or other disposition of Collateral which are required to be used to redeem Notes pursuant to Section 4.13(c), when received by the Collateral Agent or the Trustee, shall be used to redeem Notes pursuant to Section 4.13(c)12.08. If the Notes Securities have been accelerated pursuant to Section 6.26.02, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall be applied by the Collateral Agent or the Trustee, as the case may be, Trustee in accordance with Section 6.10.