Common use of Note Trustee Rights upon Enforcement Clause in Contracts

Note Trustee Rights upon Enforcement. In addition to any other rights expressly provided herein, for the period commencing upon the service of a Current Issuer Note Enforcement Notice and terminating upon the notification to the Current Issuer Secured Creditors by the Note Trustee that all Current Issuer Secured Obligations have been satisfied in full: (a) (provided such Current Issuer Secured Creditor has received a copy of, or other notice of the service on the Current Issuer of, any such Current Issuer Note Enforcement Notice) each Current Issuer Secured Creditor agrees that it will pay to the Note Trustee or the Receiver, as the case may be, all monies received or recovered by such Current Issuer Secured Creditor (whether by way of set-off or otherwise) in order that such amounts may be applied by the Note Trustee in accordance with Clause 8.3 (Current Issuer Post-Enforcement Priority of Payments); (b) save as otherwise expressly provided in this Current Issuer Deed of Charge or as required by the Note Trustee, all payments under or arising from this Current Issuer Deed of Charge and all amounts payable to the Current Issuer by any party to this Current Issuer Deed of Charge under any Current Issuer Transaction Document shall be paid to the Note Trustee or to its order; (c) save as otherwise expressly provided in this Current Issuer Deed of Charge, all rights or remedies provided for by this Current Issuer Deed of Charge or available at law or in equity to the Current Issuer Secured Creditors are exercisable by the Note Trustee; (d) save as otherwise expressly provided in this Current Issuer Deed of Charge, all rights to compel performance of the Current Issuer Transaction Documents are exercisable by the Note Trustee; and (e) all payments in respect of the Current Issuer Secured Obligations shall operate in satisfaction pro tanto of the Current Issuer's covenants to the relevant Current Issuer Secured Creditors.

Note Trustee Rights upon Enforcement. In addition to any other rights expressly provided herein, for the period commencing upon the service of a Current Issuer Note Enforcement Notice and terminating upon the notification to the Current Issuer Secured Creditors by the Note Trustee that all Current Issuer Secured Obligations have been satisfied in full: (a) (provided such Current Issuer Secured Creditor has received a copy of, or other notice of the service on the Current Issuer of, any such Current Issuer Note Enforcement Notice) each Current Issuer Secured Creditor agrees that it will pay to the Note Trustee or the Receiver, as the case may be, all monies received or recovered by such Current Issuer Secured Creditor (whether by way of set-off or otherwise) in order that such amounts may be applied by the Note Trustee in accordance with Clause 8.3 (Current Issuer Post-Post- Enforcement Priority of Payments); (b) save as otherwise expressly provided in this Current Issuer Deed of Charge or as required by the Note Trustee, all payments under or arising from this Current Issuer Deed of Charge and all amounts payable to the Current Issuer by any party to this Current Issuer Deed of Charge under any Current Issuer Transaction Document shall be paid to the Note Trustee or to its order; (c) save as otherwise expressly provided in this Current Issuer Deed of Charge, all rights or remedies provided for by this Current Issuer Deed of Charge or available at law or in equity to the Current Issuer Secured Creditors are exercisable by the Note Trustee; (d) save as otherwise expressly provided in this Current Issuer Deed of Charge, all rights to compel performance of the Current Issuer Transaction Documents are exercisable by the Note Trustee; and (e) all payments in respect of the Current Issuer Secured Obligations shall operate in satisfaction pro tanto of the Current Issuer's covenants to the relevant Current Issuer Secured Creditors.