Common use of Proceeds of Sale; Deficiency Clause in Contracts

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease Event of Default shall have occurred and be continuing and after the Termination Value shall have been accelerated pursuant to Section 17.2 or 17.3 as well as all payments or amounts then held or thereafter received by Lessor shall be conveyed to the Collateral Agent as required by the Assignment of Lease and distributed pursuant to Section 6.10 of the Indenture.

Appears in 2 contracts

Samples: Lease (Hanover Compressor Co /), Hanover Compressor Co /

AutoNDA by SimpleDocs

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease Event of Default shall have occurred and be continuing and after the Termination Value shall have been accelerated pursuant to Section 17.2 or 17.3 as well as all payments or amounts then held or thereafter received by Lessor shall be conveyed to the Collateral Agent as required by the Assignment of Lease and distributed pursuant to Section 6.10 8.2 of the IndentureCredit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Hanover Compressor Co), Lease (Hanover Compression Inc)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease Event of Default shall have occurred and be continuing and after the Termination Value Lease Balance or the Purchase Price shall have been accelerated pursuant to Section 17.2 or 17.3 this Lease, as well as all payments or amounts then held or thereafter received by Lessor the Lessor, shall be conveyed to the Collateral Agent as required distributed forthwith upon receipt by the Assignment of Lease and distributed pursuant to Section 6.10 Administrative Agent in accordance with Article X of the IndentureParticipation Agreement.

Appears in 2 contracts

Samples: Lease Agreement (Ross Stores Inc), Participation Agreement, Lease Agreement and Construction Agency Agreement (Ross Stores Inc)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease Event of Default shall have occurred and be continuing exist and after the Termination Value Lease Balance shall have been accelerated pursuant to Section 17.2 or 17.3 this Article XVII as well as all payments or amounts then held or thereafter received by Lessor shall be conveyed to and the Collateral Agent as required by the Assignment proceeds of Lease and distributed sale pursuant to Section 6.10 17.1(j) or pursuant to either Lease Supplement shall be distributed forthwith upon receipt by Lessor in accordance with Article III of the IndentureLoan Agreement.

Appears in 1 contract

Samples: Master Lease (Cisco Systems Inc)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease Event of Default shall have occurred and be continuing exist and after the Termination Value Lease Balance shall have been accelerated pursuant to Section 17.2 or 17.3 this ARTICLE XVII as well as all payments or amounts then held or thereafter received by Lessor and the proceeds of sale pursuant to SECTION 17.1(j) or pursuant to either Lease Supplement shall be conveyed to the Collateral Agent as required distributed forthwith upon receipt by the Assignment of Lease and distributed pursuant to Section 6.10 Lessor in accordance with Article III of the IndentureLoan Agreement.

Appears in 1 contract

Samples: Master Lease (Remec Inc)

AutoNDA by SimpleDocs

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease an Event of Default shall have occurred and be continuing and after the Termination Value Lease Balance shall have been accelerated pursuant to Section 17.2 or 17.3 this Lease, as well as all payments or amounts then held or thereafter received by Lessor shall be conveyed to Lessor, except for the Collateral Agent as required by the Assignment LEASE AGREEMENT (HGSI) proceeds of Lease and distributed sale pursuant to Section 6.10 18.2, shall be distributed forthwith upon receipt by Lessor in accordance with Article X of the IndentureParticipation Agreement.

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

Proceeds of Sale; Deficiency. All payments received and amounts held or realized by the Lessor at any time when a Lease an Event of Default shall have occurred and be continuing and after the Termination Value Lease Balance shall have been accelerated pursuant to Section 17.2 or 17.3 this Lease, as well as all payments or amounts then held or thereafter received by Lessor shall be conveyed to Lessor, except for the Collateral Agent as required by the Assignment proceeds of Lease and distributed sale pursuant to Section 6.10 18.2, shall be distributed forthwith upon receipt by Lessor in accordance with Article X of the IndentureParticipation Agreement.

Appears in 1 contract

Samples: Lease Agreement (Goldman Sachs Group Inc)

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