Common use of Payments After a Default Clause in Contracts

Payments After a Default. Upon the occurrence and continuance of an Event of Default and the subsequent declaration by the Trustee that the principal of all the Notes is due and payable immediately, the Trustee may by notice in writing (a) to the Issuer, the Guarantor and any Paying and Transfer Agent, require each Paying and Transfer Agent to deliver all Notes and all monies, documents and records held by them with respect to the Notes to the Trustee or as the Trustee otherwise directs in such notice; and (b) require any Paying and Transfer Agent to act as agent of the Trustee under this Indenture and the Notes, and thereafter to hold all Notes and all monies, documents and records held by it in respect of the Notes to the order of the Trustee.

Payments After a Default. Upon the occurrence and continuance of an Event of Default and the subsequent declaration by the Trustee that the principal amount of all the Notes is due and payable immediately, the Trustee may by notice in writing writing: (a) to the Issuer, the Guarantor Company and any Paying and Transfer Agent, require each Paying and Transfer Agent to deliver all Notes and all moniesmoneys, documents and records held by them with respect to the Notes it to the Trustee or as the Trustee otherwise directs in such notice; and (b) require any Paying and Transfer Agent to act as agent of the Trustee under this Indenture and the NotesIndenture, and thereafter to hold all Notes and all moniesmoneys, documents and records held by it in respect of the Notes to the order of the Trustee; provided that the Trustee shall not thereby become obligated, or have any obligation, to compensate or indemnify such Paying Agent or to reimburse such Paying Agent for any expense.

Payments After a Default. Upon the occurrence and continuance of an Event of Default and the subsequent declaration by the Trustee that the principal amount of all the Notes is due and payable immediately, the Trustee may by notice in writing writing: (a) to the Issuer, the Guarantor Company and any Paying and Transfer Agent, require each Paying and Transfer Agent to deliver all Notes and all moniesmoneys, documents and records held by them it with respect to the Notes to the Trustee or as the Trustee otherwise directs in such notice; and (b) require any Paying and Transfer Agent to act as agent of the Trustee under this Indenture and the Notes, and thereafter to hold all Notes and all moniesmoneys, documents and records held by it in respect of the to such Notes to the order of the Trustee; provided that the Trustee shall not thereby become obligated, or have any obligation, to compensate or indemnify such Paying Agent or to reimburse such Paying Agent for any expense.

Payments After a Default. Upon the occurrence and continuance of an Event of Default and the subsequent declaration by the Trustee Holders that the principal amount of all the Notes is due and payable immediately, the Trustee may by notice in writing writing: (a) to the Issuer, the Guarantor Company and any each applicable Paying and Transfer Agent, require each applicable Paying and Transfer Agent to deliver all Notes and all moniesmoneys, documents and records held by them it with respect to the Notes to the Trustee or as the Trustee otherwise directs in such notice; and (b) require any Paying and Transfer Agent to act as agent of the Trustee under this Indenture and the Notes, and thereafter to hold all Notes and all moniesmoneys, documents and records held by it in respect of the to such Notes to the order of the Trustee; provided that the Trustee shall not thereby become obligated, or have any obligation, to compensate or indemnify such Paying Agent or to reimburse such Paying Agent for any expense.

Payments After a Default. Upon the occurrence and continuance of an Event of Default with respect to the Notes and the subsequent declaration by the Trustee that the principal amount of all the Notes is due and payable immediately, the Trustee may by notice in writing writing: (a) to the Issuer, the Guarantor Company and any Paying and Transfer Agent, require each Paying and Transfer Agent to deliver all Notes and all moniesmoneys, documents and records held by them it with respect to the Notes to the Trustee or as the Trustee otherwise directs in such notice; and (b) require any Paying and Transfer Agent to act as agent of the Trustee under this Indenture and the Notes, and thereafter to hold all Notes and all moniesmoneys, documents and records held by it in respect of the to such Notes to the order of the Trustee; provided that the Trustee shall not thereby become obligated, or have any obligation, to compensate or indemnify such Paying Agent or to reimburse such Paying Agent for any expense.