Common use of Disposition of Obligations Received Clause in Contracts

Disposition of Obligations Received. All purchase money and other obligations received by the Trustee or the Notes Collateral Agent under this Article shall be held by the Trustee or the Notes Collateral Agent, as the case may be, as a part of the Collateral (except as may be provided by the terms of the Intercreditor Agreement). Subject to the terms of the Intercreditor Agreement, upon payment in cash or cash equivalents by or on behalf of the Company to the Trustee or the Notes Collateral Agent of an amount equal to the entire unpaid principal amount of any such obligation, to the extent not constituting Net Available Cash which may be required, through the passage of time or otherwise, to be used to redeem or repurchase or to make an offer to redeem or repurchase Securities, the Trustee or the Notes Collateral Agent, as appropriate, shall release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Notes Collateral Agent may reasonably require. Subject to the terms of the Intercreditor Agreement, any cash or cash equivalents received by the Trustee or the Notes Collateral Agent in respect of the principal of any such obligations shall be held by the Trustee or the Notes Collateral Agent, as the case may be, as Trust Moneys under Article 12 subject to application as therein provided and as provided in the Security Documents. Until the Securities are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee shall be paid to the Company from time to time in accordance with Section 12.08. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall, subject to the terms of the Intercreditor Agreement, be applied by the Trustee in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money and other obligations received by the Trustee or the Notes Collateral Agent under this Article shall be held by the Trustee or the Notes Collateral Agent, as the case may be, as a part of the Collateral (except as may be provided by the terms of the Intercreditor Agreement)Collateral. Subject to the terms of the Intercreditor Agreement, upon Upon payment in cash or cash equivalents by or on behalf of the Company to the Trustee or the Notes Collateral Agent of an amount equal to the entire unpaid principal amount at maturity of any such obligation, to the extent not constituting Net Available Cash which may be required, through the passage of time or otherwise, to be used to redeem or repurchase or to make an offer to redeem or repurchase Securities, the Trustee or the Notes Collateral Agent, as appropriate, shall release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Notes Collateral Agent may reasonably require. Subject to the terms of the Intercreditor Agreement, any Any cash or cash equivalents received by the Trustee or the Notes Collateral Agent in respect of the principal of any such obligations shall be held by the Trustee or the Notes Collateral Agent, as the case may be, as Trust Moneys under Article 12 13 subject to application as therein provided and as provided in the Security DocumentsAgreements. Until the Securities are accelerated pursuant to Section 6.02, all interest and other income on any such obligations, when received by the Trustee shall be paid to the Company from time to time in accordance with Section 12.0813.08. If the Securities have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall, subject to the terms of the Intercreditor Agreement, shall be applied by the Trustee in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money and or other obligations received by the Trustee Collateral Agent or the Notes Collateral Agent Trustee under this Article XI shall be held by the Trustee Collateral Agent or the Notes Collateral AgentTrustee, as the case may be, as a part of the Collateral (except as may be provided by the terms of the Intercreditor Agreement)Collateral. Subject to the terms of the Intercreditor Agreement, upon Upon payment in cash or cash equivalents Cash Equivalents by or on behalf of the Company or the obligor thereof to the Trustee Collateral Agent or the Notes Collateral Agent 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 possibly be required, through the passage of time or otherwise, to be used to redeem or repurchase or purchase Securities pursuant to make an offer to redeem or repurchase SecuritiesSection 4.13, the Trustee or the Notes Collateral Agent, as appropriate, shall promptly release and transfer transfer, or cause the Collat- eral Agent to promptly release and transfer, such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Notes and Collateral Agent may reasonably require. Subject to the terms of the Intercreditor Agreement, any Any cash or cash equivalents Cash Equivalents received by the Trustee Collateral Agent or the Notes Collateral Agent Trustee in respect of the principal of any such obligations shall be held by the Trustee Collateral Agent or the Notes Collateral AgentTrustee, as the case may be, as Trust Moneys under Article 12 XII subject to application as therein provided provided. Unless and as provided in the Security Documents. Until until the Securities are accelerated accelerated, pursuant to Section 6.026.2, all interest and other income on any such obligations, when received by the Trustee Collateral Agent or the Trustee, shall be paid to the Company from time to time in accordance with Section 12.0812.8. If the Securities have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall, subject to the terms of the Intercreditor Agreement, shall be applied by the Trustee Collateral Agent or the Trustee, as the case may be, in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money and or other obligations received by the Trustee Collateral Agent or the Notes Collateral Agent Trustee under this Article XI shall be held by the Trustee Collateral Agent or the Notes Collateral AgentTrustee, as the case may be, as a part of the Collateral (except as may be provided by the terms of the Intercreditor Agreement)Collateral. Subject to the terms of the Intercreditor Agreement, upon Upon payment in cash or cash equivalents Cash Equivalents by or on behalf of the Company or the obligor thereof to the Trustee Collateral Agent or the Notes Collateral Agent 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 of Collateral or other disposition of Collateral which may be required, through the passage of time or otherwise, are required to be used to redeem or repurchase or Notes pursuant to make an offer to redeem or repurchase SecuritiesSection 4.13(c), the Trustee or the Notes Collateral Agent, as appropriate, shall promptly release and transfer 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 or the Notes and Collateral Agent may reasonably require. Subject to the terms of the Intercreditor Agreement, any Any cash or cash equivalents Cash Equivalents received by the Trustee Collateral Agent or the Notes Collateral Agent Trustee in respect of the principal of any such obligations shall be held by the Trustee Collateral Agent or the Notes Collateral AgentTrustee, as the case may be, as Trust Moneys under Article 12 XII subject to application as therein provided provided. Unless and as provided in until the Security Documents. Until the Securities Notes are accelerated accelerated, pursuant to Section 6.026.2, (i) all interest and other income on any such obligationsobligations 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 Trustee Collateral Agent or the Trustee, shall be paid to the Company from time to time in accordance with Section 12.0812.8 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 Securities Notes have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Collateral Agent or the Trustee, shall, subject to the terms of the Intercreditor Agreement, shall be applied by the Trustee Collateral Agent or the Trustee, as the case may be, in accordance with Section 6.10.