Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 should fail or be unenforceable, the affected Creditor or Debtor will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.
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Samples: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 14 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor Creditor, Debtor or Debtor Security Grantors will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to the extent permitted by applicable law to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.
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Samples: Additional Facility Accession Deed (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC)
Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 10 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor or Debtor will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.
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Samples: Intercreditor Agreement (Sappi LTD), Intercreditor Agreement (Sappi LTD)
Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 7 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor or Debtor Obligor will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent Trustee to be held on trust by the Common Security Agent Trustee for application in accordance with the terms of this Agreement.
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Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 14 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor Creditor, Debtor or Debtor Security Grantors will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to the extent permitted by applicable law to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.
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Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 clause 8 (Turnover of receipts) should fail or be unenforceable, the affected Creditor or Debtor will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent Trustee to be held on trust by the Common Security Agent Trustee for application in accordance with the terms of this AgreementDeed.
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Saving Provision. If, for any reason, any of the trusts expressed to be created in this Clause 13 12 (Turnover of Receipts) should fail or be unenforceable, the affected Creditor Creditor, Debtor, Third Party Security Provider or Debtor Senior Unsecured Security Provider will promptly pay or distribute an amount equal to that receipt or recovery to the Common Security Agent to be held on trust by the Common Security Agent for application in accordance with the terms of this Agreement.
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