Common use of Sums received by Obligors Clause in Contracts

Sums received by Obligors. If any of the Obligors receives or recovers any sum which, under the terms of any of the Finance Documents, should have been paid to the Security Agent, that Obligor will: (a) hold an amount of that receipt or recovery equal to the Relevant Debt (or if less, the amount received or recovered) on trust for the Security Agent and promptly pay that amount to the Security Agent for application in accordance with the terms of this Agreement; and (b) promptly pay an amount equal to the amount (if any) by which the receipt or recovery exceeds the Relevant Debt to the Security Agent for application in accordance with the terms of this Agreement.

Sums received by Obligors. If any of the Obligors receives or recovers any sum which, under the terms of any of the Finance Documents, should have been paid to the Security Agent, that Obligor will: (aA) hold an amount of that receipt or recovery equal to the Relevant Debt Liabilities (or if less, the amount received or recovered) on trust for the Security Agent and promptly pay that amount to the Security Agent for application in accordance with the terms of this Agreement; and (bB) promptly pay an amount equal to the amount (if any) by which the receipt or recovery exceeds the Relevant Debt Liabilities to the Security Agent for application in accordance with the terms of this Agreement.

Sums received by Obligors. If any of the Obligors receives or recovers any sum which, under the terms of any of the Finance Documents, should have been paid to the Security AgentTrustee, that Obligor will: (a) hold an amount of that receipt or recovery equal to the Relevant Debt Liabilities (or if less, the amount received or recovered) on trust for the Security Agent Trustee and promptly pay that amount to the Security Agent Trustee for application in accordance with the terms of this Agreement; and (b) promptly pay an amount equal to the amount (if any) by which the receipt or recovery exceeds the Relevant Debt Liabilities to the Security Agent Trustee for application in accordance with the terms of this Agreement.

Sums received by Obligors. If any of the Obligors receives or recovers any sum which, under the terms of any of the Finance Documents, should have been paid to the Security AgentTrustee, that Obligor will: (a) hold an amount of that receipt or recovery equal to the Relevant Debt Liabilities (or if less, the amount received or recovered) on trust for the Security Agent Trustee and promptly pay that amount to the Security Agent Trustee for application in accordance with the terms of this Agreement; Agreement and (b) promptly pay an amount equal to the amount (if any) by which the receipt or recovery exceeds the Relevant Debt Liabilities to the Security Agent Trustee for application in accordance with the terms of this Agreement.