Common use of Incorrect Payments Clause in Contracts

Incorrect Payments. If any payment (whether made in cash, securities or other Property) not permitted to be accepted by Subordinated Agent or Subordinated Creditor under this Agreement is received by Subordinated Agent or the Subordinated Creditor on account of any Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such Person, shall be held in trust by such Person for the benefit of Senior Agent and Senior Creditors and shall be paid over to Senior Agent, or its designated representative, for application (in accordance with the Senior Purchase Agreement or the Permitted Refinancing Debt Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.

Incorrect Payments. If any payment (whether made in cash, securities or other Propertyproperty) not permitted to be accepted by Subordinated Agent or Subordinated Creditor under this Agreement is received by Subordinated Agent or the any Subordinated Creditor on account of any the Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such PersonSubordinated Creditor, shall be held in trust by such Person Subordinated Creditor for the benefit of Senior Agent and Senior Creditors the Buyers and shall promptly be paid over to Senior Agent, the Collateral Agent or its designated representative, for application (in accordance with the Senior Purchase Agreement Agreement, the Notes or the Permitted Refinancing Debt Loan Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.

Incorrect Payments. If any payment (whether made in cash, securities or other Property) not permitted to be accepted by Subordinated Agent or Subordinated Creditor Creditors under this Agreement is received by Subordinated Agent or the any Subordinated Creditor on account of any Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such Person, shall be held in trust by such Person for the benefit of Senior Administrative Agent and Senior Creditors Lenders and shall be paid over to Senior Administrative Agent, or its designated representative, for application (in accordance with the Senior Purchase Loan Agreement or the Permitted Refinancing Debt Loan Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.

Incorrect Payments. If any payment (whether made in cash, securities or other Propertyproperty) not permitted to be accepted by Subordinated Agent or Subordinated Creditor under this Agreement is received by Subordinated Agent or the Subordinated Creditor Creditors on account of any the Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such Personthe Subordinated Creditors, shall be held in trust by such Person the Subordinated Creditors for the benefit of Senior Agent and Senior Creditors the Buyers and shall promptly be paid over to Senior Agent, the Collateral Agent or its designated representative, for application (in accordance with the Senior Purchase Agreement Agreement, the Note or the Permitted Refinancing Debt Loan Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.

Incorrect Payments. If any payment (whether made in cash, securities or other Propertyproperty) not permitted to be accepted by Subordinated Agent or Subordinated Creditor under this Agreement is received by Subordinated Agent or the Subordinated Creditor on account of any the Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such Personthe Subordinated Creditor, shall be held in trust by such Person the Subordinated Creditor for the benefit of Senior Agent and Senior Creditors the Purchaser and shall promptly be paid over to Senior Agent, the Collateral Agent or its designated representative, for application (in accordance with the Senior Purchase Agreement Agreement, the Note or the Permitted Refinancing Debt Loan Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.

Incorrect Payments. If any payment (whether made in cash, securities or other Propertyproperty) not permitted to be accepted by Subordinated Agent or Subordinated Creditor under this Agreement is received by Subordinated Agent or the any Subordinated Creditor on account of any the Subordinated Indebtedness before all Senior Indebtedness is Paid in Full, such payment shall not be commingled with any asset of such PersonSubordinated Creditor, shall be held in trust by such Person Subordinated Creditor for the benefit of Senior Agent and Senior Creditors the Buyers and shall promptly be paid over to Senior Agent, the Collateral Agent or its designated representative, for application (in accordance with the Senior Purchase Agreement Agreement, the Note or the Permitted Refinancing Debt Loan Documents, as the case may be) to the payment of the Senior Indebtedness then remaining unpaid, until all of the Senior Indebtedness is Paid in Full.