Failure of Trust. If, for any reason, a trust in favour of, or a holding of property for, the Finance Parties under this Deed is invalid or unenforceable, the Junior Creditor will pay and deliver to the Agent an amount equal to the payment, receipt or recovery which the Junior Creditor would otherwise have been bound to hold on trust for or as property of the Finance Parties.
Appears in 3 contracts
Samples: Agreement (System Energy Resources Inc), Agreement (Entergy London Capital Lp), Restatement Agreement (Entergy Power Uk PLC)
Failure of Trust. If, for any reason, a trust in favour of, or a holding of property for, the Finance Parties under this Deed is invalid or unenforceable, the Junior Creditor will pay and deliver to the Facility Agent an amount equal to the payment, receipt or recovery which the Junior Creditor would otherwise have been bound to hold on trust for or as property of the Finance Parties.
Appears in 2 contracts
Samples: Subordination Agreement (Azurix Corp), Agreement (Azurix Corp)
