Common use of Turnover of Payments Clause in Contracts

Turnover of Payments. If (i) any payment or distribution shall be collected or received by the holder of the Permitted Subordinated Debt in contravention of the terms hereof and prior to the payment in full in cash or Cash Equivalents of all Loan Obligations at the time outstanding and (ii) any holder of such Loan Obligations (or any authorized agent thereof) shall have notified the holder of the Permitted Subordinated Debt of the facts by reason of which such collection or receipt so contravenes the subordination provisions hereof, the holder of the Permitted Subordinated Debt will deliver such payment or distribution, to the extent necessary to pay all such Loan Obligations in full in cash or Cash Equivalents, to the Administrative Agent, for the benefit of the Lenders, in the form received, and until so delivered, the same shall be held by the holder of the Permitted Subordinated Debt in trust for the holders of the Loan Obligations and shall not be commingled with other funds or property of the holder of the Permitted Subordinated Debt.

Turnover of Payments. If (i) any payment or distribution shall be collected or received by the holder of the Permitted Subordinated Debt in contravention of the terms hereof hereto and prior to the payment in full in cash or Cash Equivalents cash equivalents of all Loan Obligations at the time outstanding and (ii) any holder of such Loan Obligations (or any authorized agent thereof) shall have notified the holder of the Permitted Subordinated Debt of the facts by reason of which such collection or receipt so contravenes the subordination provisions hereofhereto, the holder of the Permitted Subordinated Debt will deliver such payment or distribution, to the extent necessary to pay all such Loan Obligations in full in cash or Cash Equivalentscash equivalents, to the Administrative Collateral Agent, for the benefit of the Lendersholders of the Obligations, in the form received, and until so delivered, the same shall be held by the holder of the Permitted Subordinated Debt in trust for the holders of the Loan Obligations and shall not be commingled with other funds or property of the holder of the Permitted Subordinated Debt.. Exh. E-3

Turnover of Payments. If (i) any payment or distribution shall be collected or received by the holder of the Permitted Subordinated Debt in contravention of the terms hereof hereto and prior to the payment in full in cash or Cash Equivalents cash equivalents of all Loan Bond Obligations at the time outstanding and (ii) any holder of such Loan Bond Obligations (or any authorized agent thereof) shall have notified the holder of the Permitted Subordinated Debt of the facts by reason of which such collection or receipt so contravenes the subordination provisions hereofhereto, the holder of the Permitted Subordinated Debt will deliver such payment or distribution, to the extent necessary to pay all such Loan Bond Obligations in full in cash or Cash Equivalentscash equivalents, to the Administrative AgentTrustee, for the benefit of the Lendersholders of the Bond Obligations, in the form received, and until so delivered, the same shall be held by the holder of the Permitted Subordinated Debt in trust for the holders of the Loan Bond Obligations and shall not be commingled with other funds or property of the holder of the Permitted Subordinated Debt.

Turnover of Payments. If (i) any payment or distribution shall be collected or received by the holder the—holder—of the Permitted Permitted—Subordinated Debt in contravention of the terms hereof and prior to the payment in full in cash or Cash Equivalents of all Loan Obligations at the time outstanding and (ii) any holder of such Loan Obligations (or any authorized agent thereof) shall have notified the holder of the Permitted Subordinated Debt of the facts by reason of which such collection or receipt so contravenes which—such—collection—or—receipt—so—contravenes—the subordination provisions hereof, the holder of the Permitted Subordinated Debt will deliver such payment or distribution, to the extent necessary to pay all such Loan Obligations in full in cash or Cash Equivalents, to the Administrative Agent, for the benefit of the Lenders, in the form received, and until so delivered, the same shall be held by the holder of the Permitted Subordinated Debt in trust for the holders of the Loan Obligations and shall not be commingled with other funds or property of the holder of the Permitted Subordinated Debt.

Turnover of Payments. If (i) any payment or distribution shall be collected or received by the holder of the Permitted Subordinated Debt in contravention of the terms hereof and prior to the payment in full in cash or Cash Equivalents cash equivalents of all Loan Obligations Bonds at the time outstanding and (ii) any holder of such Loan Obligations Bonds (or any authorized agent thereof) shall have notified the holder of the Permitted Subordinated Debt of the facts by reason of which such collection or receipt so contravenes the subordination provisions hereofhereto, the holder of the Permitted Subordinated Debt will deliver such payment or distribution, to the extent necessary to pay all such Loan Obligations Bonds in full in cash or Cash Equivalentscash equivalents, to the Administrative Collateral Agent, in its capacity as authorized agent for the Port Trustee and the XXX Trustee, for the benefit of the Lendersholders of such Bonds, in the form received, and until so delivered, the same shall be held by the holder of the Permitted Subordinated Debt in trust for the holders of the Loan Obligations such Bonds and shall not be commingled with other funds or property of the holder of the Permitted Subordinated Debt.