Common use of Rights upon the Occurrence of an Insolvency Event Clause in Contracts

Rights upon the Occurrence of an Insolvency Event. The Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall, on the day that any Insolvency Event occurs with respect to the Depositor, immediately cease to transfer Additional Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer and the Depositor shall promptly give notice to the Indenture Trustee, the Issuer and the Issuer Loan Trustee thereof. Loans transferred to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer prior to the occurrence of such Insolvency Event and Collections in respect of such Loans transferred to the Issuer shall continue to be a part of the Sold Assets and shall be allocated and distributed to Noteholders in accordance with the terms of this Agreement and the Indenture.