Common use of Recovering Creditor’s rights Clause in Contracts

Recovering Creditor’s rights. Any amount paid by a Creditor (a “Recovering Creditor”) to the Security Trustee under Clause 9 (Effect of Insolvency Event) or Clause 10 (Turnover of Receipts) shall be treated as having been paid by the relevant Debtor and distributed to the Security Trustee and Primary Creditors (each a “Sharing Creditor”) in accordance with the terms of this Agreement.

Recovering Creditor’s rights. Any amount paid by a Creditor or an Operating Facility Lender (a “Recovering Creditor”) to the Security Trustee Agent under Clause 9 (Effect of Insolvency Event) or Clause 10 (Turnover of Receipts) shall be treated as having been paid by the relevant Debtor and distributed to the Security Trustee and Agent, other Agents, Arrangers, Co-Managers, Primary Creditors and Operating Facility Lenders (each a “Sharing Creditor”) in accordance with the terms of this Agreement.

Recovering Creditor’s rights. Any amount paid paid, delivered or distributed by a Creditor (a “Recovering Creditor”) to the Security Trustee Agent under Clause 9 8 (Effect of Insolvency Event) or Clause 10 9 (Turnover of Receipts) on account of any receipt or recovery in respect of any Debtor shall be treated as having been paid paid, delivered or distributed by the relevant such Debtor and distributed to the Security Trustee Agent and Primary the Senior Creditors (each a “Sharing Creditor”) in accordance with the terms of this Agreement.

Recovering Creditor’s rights. Any amount paid by a Creditor (a “Recovering Creditor”) to the Security Trustee under Clause 9 clause 7 (Effect of Insolvency Event or Distress Event) or Clause 10 clause 8 (Turnover of Receiptsreceipts) shall be treated as having been paid by the relevant Debtor and distributed to the Security Trustee Trustee, the Senior Agent, Arrangers and Primary Creditors (each a “Sharing Creditor”) in accordance with the terms of this AgreementDeed.