Common use of Disposition of Obligations Received Clause in Contracts

Disposition of Obligations Received. All purchase money and other obligations received by the Trustee or the Notes Collateral Agent under this Article 10 shall be held by the Trustee or the Notes Collateral Agent, as the case may be, and shall be added to the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company to the Trustee or the Notes Collateral Agent of an amount equal to the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds which may be required, through the passage of time or otherwise, to be used to redeem or repurchase or to make an Offer to Purchase Notes, the Trustee or the Notes Collateral Agent, as appropriate, shall release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Notes Collateral Agent, as appropriate, may reasonably require. If the Notes have been accelerated pursuant to Section 6.02, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee in accordance with Section 6.10.

Disposition of Obligations Received. All purchase money and or other obligations received by the Trustee or the Notes Collateral Agent under this Article 10 X shall be held by the Trustee or the Notes Collateral AgentTrustee, as the case may be, and shall be added to a part of the Collateral. Upon payment in cash or Cash Equivalents by or on behalf of the Company or the obligor thereof to the Trustee or the Notes Collateral Agent of an amount equal to the entire unpaid principal amount of any such obligation, to the extent not constituting Net Cash Proceeds from an Asset Sale which may possibly be required, through the passage of time or otherwise, to be used to redeem or repurchase or purchase Notes pursuant to make an Offer to Purchase NotesSection 4.16, the Trustee or the Notes Collateral Agent, as appropriate, shall promptly release and transfer such obligation and any mortgage securing the same upon receipt of any documentation that the Trustee or the Notes Collateral Agent, as appropriate, may reasonably require. Any cash or Cash Equivalents received by the Trustee in respect of the principal of any such obligations shall be held by the Trustee as Trust Moneys under Article XI subject to application as therein provided. Unless and until the Notes are accelerated pursuant to Section 6.2, all interest and other income on any such obligations, when received by the Trustee, shall be paid to the Company from time to time in accordance with Section 11.7. If the Notes have been accelerated pursuant to Section 6.026.2, any such interest or other income not theretofore paid, when collected by the Trustee, shall be applied by the Trustee Trustee, as the case may be, in accordance with Section 6.10. SECTION 10.