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Common use of Payment to Class Representatives Clause in Contracts

Payment to Class Representatives. All payments required to be made under this Section 8 shall be made, with respect to each Class of Secured Parties, to the Project Credit Party acting on behalf of such Class. Each such Project Credit Party shall apply such funds in accordance with its respective Facility Agreement.

Appears in 3 contracts

Sources: Intercreditor and Subordination Agreement (Lakes Entertainment Inc), Intercreditor and Subordination Agreement (Lakes Entertainment Inc), Intercreditor Agreement (Wynn Resorts LTD)

Related Clauses

  • Appointment of Controlling Noteholder Representative
  • Notification to Noteholders and Certificateholders
  • Noteholder Communications; Noteholder Actions
  • Information to Certificateholders
  • Statements to Noteholders and Certificateholders

Parent Clauses

  • Attorneys Fees Costs and Payment to Class Representatives
  • RECITALS
  • Both Parties Recognize the Benefits of Settlement
  • Plaintiff Recognizes the Benefits of Settlement
  • Class Representatives and Class Counsel Appointment

Sub-Clauses

  • Order Of Preliminary Approval
  • Third-Party Claims Administrator
  • NO CONSENT REQUIRED
  • AUTHORIZATION
  • NO CONFLICT
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