Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.
Appears in 279 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in effect eRect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.
Appears in 174 contracts
Samples: Investment Agreement, Investment Agreement, Investment Agreement
Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, Representative and shall return such excess on demand.
Appears in 3 contracts
Samples: Note Indenture (iCross Premiere LLC), Note Indenture (iCross Premiere LLC), Note Indenture (iCross Premiere LLC)
Payments Deemed Held in Trust. Any Holder who receives a payment on a Note while an Event of Default remains in effect e<ect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit bene6t of other Holders and the Representative, and shall return such excess on demand.
Appears in 1 contract
Samples: Investment Agreement
