Common use of Recoveries after Enforcement Clause in Contracts

Recoveries after Enforcement. Except for moneys paid out by the Note Trustee pursuant to and in accordance with clause 15.1 (Priority of payments) of the Note Trust Deed and Note Condition 4(b) (Priority of Payments), all monies received or recovered by the Secured Creditors in respect of the Secured Obligations after delivery of an Enforcement Notice (whether by way of set–off, retention, compensation, balancing of accounts or otherwise) shall forthwith be paid to, or to the order of (and pending such payment held on trust for) the Note Trustee.

Recoveries after Enforcement. Except for moneys paid out by the Note Trustee pursuant to and in accordance with clause 15.1 (Priority of payments) Clause 13.1 of the Note Trust Deed and Note Condition 4(b4(c) (Priority Application of PaymentsProceeds Upon Enforcement), all monies received or recovered by the Secured Creditors Creditors, Security Beneficiaries and Noteholders in respect of the Secured Obligations after delivery of an Enforcement Notice (whether by way of set–-off, retention, compensation, balancing of accounts or otherwise) shall forthwith be paid to, or to the order of (and pending such payment held on trust for) the Note Trustee.

Recoveries after Enforcement. Except for moneys paid out by the Note Trustee pursuant to and in accordance with clause Clause 15.1 (Priority of paymentsPayments) of the Note Trust Deed and Note Condition 4(b) (Priority of Payments), all monies received or recovered by the Secured Creditors in respect of the Secured Obligations after delivery of an Enforcement Notice (whether by way of set–off, retention, compensation, balancing of accounts or otherwise) shall forthwith be paid to, or to the order of (and pending such payment held on trust for) the Note Trustee.