We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Payments to the Security Trustee Clause in Contracts

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security Documents.

Appears in 5 contracts

Samples: Facility Agreement (Las Vegas Sands Corp), Second Amendment and Restatement Agreement (Las Vegas Sands Corp), Third Amendment and Restatement Agreement (Las Vegas Sands Corp)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security DocumentsDocuments or Schedule 7 (Security trust provisions).

Appears in 3 contracts

Samples: Facility Agreement (WNS (Holdings) LTD), Facility Agreement (WNS (Holdings) LTD), Facility Agreement (WNS (Holdings) LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any of the Transaction Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) require the Agent to pay all sums received or recovered by it from an any Obligor under any Finance Document, in each case as Document to the Security Trustee or as it may direct for application in accordance with the terms of the Intercreditor Agreement and the Security Finance Documents.

Appears in 2 contracts

Samples: Facility Agreement (Sesa Sterlite LTD), Amendment and Restatement Agreement (Sesa Sterlite LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor the Company to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor the Company under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security DocumentsDocument.

Appears in 2 contracts

Samples: £110,000,000 Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD), Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require:require:- (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and Security Documents and/or the Security DocumentsTrust Deed.

Appears in 1 contract

Samples: Facility Agreement (Sunday Communications LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Las Vegas Sands Corp)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the paragraph 2 (Order of application) of Schedule 8 (Security DocumentsTrustee provisions).

Appears in 1 contract

Samples: Facility Agreement (Opto Circuits (India) LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security DocumentsDocuments or (Security trust provisions).

Appears in 1 contract

Samples: Facility Agreement (WNS (Holdings) LTD)

Payments to the Security Trustee. Notwithstanding any other provision of any Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Trustee may require: (a) any Obligor the Borrower to pay all sums due under any Finance Document; or (b) the Agent to pay all sums received or recovered from an Obligor the Borrower under any Finance Document, in each case as the Security Trustee may direct for application in accordance with the terms of the Intercreditor Agreement and the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Las Vegas Sands Corp)