Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 8 contracts
Samples: Indenture (Bluegreen Corp), Third Amended and Restated Indenture (Bluegreen Corp), Indenture (Bluegreen Corp)
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to into the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 4 contracts
Samples: Omnibus Amendment (BBX Capital Corp), Omnibus Amendment (Bluegreen Vacations Corp), Indenture (Bluegreen Vacations Holding Corp)
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Reserve Account and shall deposit such amounts to the Collection Account for distribution in accordance with Section 6.6 hereof.
Appears in 1 contract
Samples: Indenture (Silverleaf Resorts Inc)
Sequential Pay Event. Upon the occurrence of a Sequential Pay Event, the Indenture Trustee shall withdraw all amounts on deposit in the General Class D Reserve Account and shall deposit such amounts to the Collection Account for distribution to the Class D Noteholders in accordance with Section 6.6 hereof.
Appears in 1 contract
Samples: Indenture (Bluegreen Corp)
