Common use of Payments Following Event of Loss or Other Early Termination Clause in Contracts

Payments Following Event of Loss or Other Early Termination. (a) Except as otherwise provided in Section 3.3 hereof, any payment received by the Security Agent and deposited into the Security Agent's Account on account of a redemption of the Lessor Notes shall then be deposited into the Lessor Notes Payment Account and distributed by the Lease Indenture Trustee or by each Paying Agent with respect to such redemption arising pursuant to Article 4 hereof in the following order of priority: FIRST, as provided in clause "SECOND" of Section 3.3 hereof; (but including all Make-Whole Premium (if any) due in respect thereof required to be paid in accordance with Section 4.7 hereof); SECOND, to reimburse the applicable Noteholders (to the extent not previously reimbursed) for any reasonable out-of-pocket costs or expenses incurred in connection with such prepayment (including payments provided for in clause "THIRD" of Section 3.3 hereof); and THIRD, as provided in clause "

Appears in 2 contracts

Samples: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp), Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Payments Following Event of Loss or Other Early Termination. (a) Except as otherwise provided in Section 3.3 hereof, any payment received by the Security Agent and deposited into the Security Agent's Account on account of a redemption of the Lessor Notes shall then be deposited into the Lessor Notes Payment Account and distributed by the Lease Indenture Trustee or by each Paying Agent with respect to such redemption arising pursuant to Article 4 hereof in the following order of priority: FIRST, as provided in clause "SECOND" of Section 3.3 hereof; (but including all Make-Whole Premium (if any) due in respect thereof required to be paid in accordance with Section 4.7 hereof); SECOND, to reimburse the applicable Noteholders such Noteholder (to the extent not previously reimbursed) for any reasonable out-of-pocket costs or expenses incurred in connection with such prepayment (including payments provided for in clause "THIRD" of Section 3.3 hereof); and THIRD, as provided in clause "THIRD" of Section 3.3 hereof.

Appears in 1 contract

Samples: Eme Homer City Generation Lp

Payments Following Event of Loss or Other Early Termination. (a) Except as otherwise provided in Section 3.3 hereof, any payment received by the Security Agent and deposited into the Security Agent's Account on account of a redemption of the Lessor Notes shall then be deposited into the Lessor Notes Payment Account and distributed by the Lease Indenture Trustee or by each Paying Agent with respect to such redemption arising pursuant to Article 4 hereof in the following order of priority: FIRSTfirst, as provided in clause "SECONDsecond" of Section 3.3 hereof; (but including all Make-Whole Premium (if any) due in respect thereof required to be paid in accordance with Section 4.7 hereof); SECONDsecond, to reimburse the applicable Noteholders (to the extent not previously reimbursed) for any reasonable out-of-pocket costs or expenses incurred in connection with such prepayment (including payments provided for in clause "THIRDthird" of Section 3.3 hereof); and THIRDthird, as provided in clause "fourth" of Section 3.3 hereof.

Appears in 1 contract

Samples: Trust and Security Agreement (Eme Homer City Generation Lp)

AutoNDA by SimpleDocs

Payments Following Event of Loss or Other Early Termination. (a) Except as otherwise provided in Section 3.3 hereof, any payment received by the Security Agent and deposited into the Security Agent's Account on account of a redemption of the Lessor Notes shall then be deposited into the Lessor Notes Payment Account and distributed by the Lease Indenture Trustee or by each Paying Agent with respect to such redemption arising pursuant to Article 4 hereof in the following order of priority: FIRST, as provided in clause "SECOND" of Section 3.3 hereof; (but including all Make-Whole Premium (if any) due in respect thereof required to be paid in accordance with Section 4.7 hereof); SECOND, to reimburse the applicable Noteholders (to the extent not previously reimbursed) for any reasonable out-of-pocket costs or expenses incurred in connection with such prepayment (including payments provided for in clause "THIRD" of Section 3.3 hereof); and THIRD, as provided in clause "FOURTH" of Section 3.3 hereof.

Appears in 1 contract

Samples: Indenture of Trust and Security Agreement (Eme Homer City Generation Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.