Common use of Payments Held in Trust Clause in Contracts

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.09 and 4.2 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.09 and 4.2 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders Secured Parties an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 4.01 and 4.2 above4.02, the Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, the Guarantor agrees agrees: (a) to hold in trust for the Agent and the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, for the benefit of the Agent and the Lenders; and the Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 4.01 and 4.2 4.02 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding ----------------------- Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.09 and 4.2 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is are prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that that, notwithstanding Sections 4.1 and 4.2 aboveanything to the contrary in this Guaranty, Guarantor should receive any funds, paymentspayment, claims claim or distributions distribution which is prohibited by such Sectionsthis Guaranty, Guarantor agrees to hold in trust for the Lenders Agent an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions so received except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding ---------------------- Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that that, notwithstanding Sections 4.1 and 4.2 aboveanything to the contrary in this Guaranty, Guarantor should receive any funds, paymentspayment, claims claim or distributions distribution which is prohibited by such Sectionsthis Guaranty, Guarantor agrees to hold in trust for the Lenders Administrative Agent an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions so received except to pay them promptly to the Administrative Agent, and Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 Section 8.01 and 4.2 aboveSection 8.02, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees then it agrees: (a) to hold in trust for the Lenders Collateral Agent an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Collateral Agent, ; and Guarantor each Grantor covenants promptly to pay the same to the Collateral Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 10.09 and 4.2 10.10 above, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and each Guarantor covenants promptly to pay the same to the AgentAgent for the benefit of the Lenders.

Payments Held in Trust. In the event that that, notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, paymentspayment, claims claim or distributions distribution which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of Collateral Agent, in kind, all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions so received except to pay them promptly to Collateral Agent, for the Agentbenefit of the Guaranteed Credit Parties, and Guarantor covenants promptly to pay the same to the Collateral Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.08 and 4.2 8.09 above, any Guarantor should receive any funds, payments, claims or distributions which is are prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all such funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.09 and 4.2 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Facility Agent, and each Guarantor covenants promptly to pay the same to the Facility Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.08 and 4.2 8.09 above, any Guarantor should receive any funds, payments, claims or distributions which is are prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all such funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Collateral Agent, and each Guarantor covenants promptly to pay the same to the Collateral Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is are prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders Noteholders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 8.09 and 4.2 8.10 above, any Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders Participants an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Administrative Agent, and each Guarantor covenants promptly to pay the same to the Administrative Agent.

Payments Held in Trust. In the event that that, notwithstanding Sections 4.1 SECTIONS 4.01 and 4.2 4.02 above, any Guarantor should receive any funds, paymentspayment, claims claim or distributions distribution which is prohibited by such Sections, each Guarantor agrees to hold in trust for the Lenders Agent an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions distributions, except to pay them promptly to the Agent, and each Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, funds payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that that, notwithstanding Sections 4.1 and 4.2 Section 4.02 above, a Guarantor should receive any funds, paymentspayment, claims claim or distributions distribution which is prohibited by such Sections, such Guarantor agrees to hold in trust for the Lenders an amount equal to the amount of Lenders, in kind, all funds, payments, claims or distributions so received, and agrees that it he shall have absolutely no dominion over the amount of such funds, payments, claims or distributions so received except to pay them promptly to the AgentLenders, and such Guarantor covenants promptly to pay the same to the AgentLenders.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders Banks an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

Payments Held in Trust. In the event that notwithstanding Sections 4.1 and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is are prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders Trustee, as trustee under the Indenture, an amount equal to the amount of all funds, payments, claims or distributions so received, and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to the AgentTrustee, and Guarantor covenants promptly to pay the same to the AgentTrustee.