Payments to the Security Agent. Notwithstanding any other provision of any Senior Finance Document, at any time after any Security created by or pursuant to any Security Document becomes enforceable, the Security Agent may require: (a) any Obligor to pay all sums due under any Senior Finance Document; or (b) the Facility Agent to pay all sums received or recovered from an Obligor under any Senior Finance Document, in each case as the Security Agent may direct for application in accordance with the terms of the Senior Finance Documents.
Appears in 2 contracts
Sources: Fleet Financing Facility Agreement (Avis Budget Group, Inc.), Avis Europe Interim Fleet Financing Facility Agreement (Avis Budget Group, Inc.)