Common use of Waterfall Clause in Contracts

Waterfall. No such proceeds or amounts shall be applied in payment of any amounts specified in any of the paragraphs in Clause 29.5 (Proceeds of Enforcement) until all amounts specified in any earlier paragraph have been paid in full.

Appears in 3 contracts

Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)

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Waterfall. No such proceeds or amounts shall be applied in payment of any amounts specified in any of the paragraphs in Clause 29.5 30.5 (Proceeds of Enforcement) until all amounts specified in any earlier paragraph have been paid in full.

Appears in 2 contracts

Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)

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Waterfall. No such proceeds or amounts shall be applied in payment of any amounts specified in any of the paragraphs in Clause 29.5 clause 30.5 (Proceeds of Enforcement) until all amounts specified in any earlier paragraph have been paid in full.

Appears in 1 contract

Samples: Enstar Group LTD

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