Common use of Payments in Trust Clause in Contracts

Payments in Trust. If any amount shall be paid to any Guarantor contrary to the provisions of Section 3(i), such amount shall be held in trust for the benefit of the Lender and shall, subject to the Subordination Agreement, forthwith be paid to the Lender to be credited and applied to the Obligations, whether matured or unmatured, in accordance with the terms of the Loan Agreement.

Payments in Trust. If any amount shall be paid to any Guarantor contrary to the provisions of Section 3(i1.4(i), such amount shall be held in trust for the benefit of the Lender Lenders and shall, subject to the Subordination Agreement, shall forthwith be paid to the Lender Administrative Agent to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Loan Credit Agreement.

Payments in Trust. If any amount shall be paid to any Guarantor contrary to the provisions of Section 3(i1.4(i), such amount shall be held in trust for the benefit of the Lender Lenders and shall, subject to the Subordination Agreement, shall forthwith be paid to the Lender Administrative Agent to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Loan Credit Agreement.. Form of Guaranty

Payments in Trust. If any amount shall be paid to any the Guarantor contrary to the provisions of Section 3(i1.4(i), such amount shall be held in trust for the benefit of the Lender and shall, subject to the Subordination Agreement, forthwith be paid to the Lender to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Loan Agreement.

Payments in Trust. If any amount shall be paid to any the Guarantor contrary to the provisions of Section 3(i3(g), such amount shall be held in trust for the benefit of the Lender Lenders and shall, subject to the Subordination Agreement, shall forthwith be paid to the Lender Agent to be credited and applied to the Obligations, whether matured or unmatured, in accordance with the terms of the Loan Credit Agreement.

Payments in Trust. If any amount shall be paid to any either Guarantor contrary to the provisions of Section 3(i3(g), such amount shall be held in trust for the benefit of the Lender and shall, subject to the Subordination Agreement, shall forthwith be paid to the Lender to be credited and applied to the Obligations, whether matured or unmatured, in accordance with the terms of the Loan Credit Agreement.