Following Enforcement Sample Clauses

Following Enforcement. The Cash Manager hereby undertakes to each of the other parties hereto that, following any enforcement of the Funding Security, it will hold on trust for, and will pay to, the Security Trustee or the Receiver, as the case may be, all monies received or recovered by it (whether by way of set-off or otherwise) from Funding or in respect of any amount due hereunder by Funding, otherwise than in accordance with the Funding Post-Enforcement Priority of Payments in order that such monies may be applied by the Security Trustee or the Receiver in accordance with the Funding Post-Enforcement Priority of Payments.

Following Enforcement. The Cash Manager hereby undertakes to each of the other parties hereto that: (a) following any enforcement of the Funding Security, it will hold on trust for, and will pay to, the Security Trustee or the Receiver, as the case may be, all monies received or recovered by it (whether by way of set-off or otherwise) from Funding or in respect of any amount due hereunder by Funding, otherwise than in accordance with the Funding Post-Enforcement Priority of Payments in order that such monies may be applied by the Security Trustee or the Receiver in accordance with the Funding Post-Enforcement Priority of Payments; and (b) following any enforcement of the Funding 2 Security, it will hold on trust for, and will pay to, the Funding 2 Security Trustee or the Receiver, as the case may be, all monies received or recovered by it (whether by way of set-off or otherwise) from Funding 2 or in respect of any amount due hereunder by Funding 2, otherwise than in accordance with the Funding 2 Post-Enforcement Priority of Payments in order that such monies may be applied by the Funding 2 Security Trustee or the Receiver in accordance with the Funding 2 Post-Enforcement Priority of Payments.