Common use of Distributions after Default Clause in Contracts

Distributions after Default. Subject to the terms of Section 5.1, the proceeds received by the Owner Trustee from the exercise of any remedy under the Lease shall be distributed pursuant to Section 4.2 above. This Trust shall cease and terminate in accordance with the terms set forth in Section 8.1 and upon the final disposition by the Owner Trustee of all of the Trust Estate pursuant to this Section 4.4.

Appears in 10 contracts

Samples: Trust Agreement (Sabre Holdings Corp), Trust Agreement (Sabre Holdings Corp), Participation Agreement (Correctional Services Corp)

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Distributions after Default. Subject to the terms of Section 5.15.1 hereof, the proceeds received by the Owner Trustee from the exercise of any remedy under the Lease shall be distributed pursuant to Section 4.2 above. This Trust shall cease and terminate in accordance with the terms set forth in Section 8.1 and upon the final disposition by the Owner Trustee of all of the Trust Estate pursuant to this Section 4.4.

Appears in 2 contracts

Samples: Trust Agreement (Wackenhut Corrections Corp), Trust Agreement (Wackenhut Corrections Corp)

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