Common use of UNDERTAKINGS BY THE SECURED PARTIES Clause in Contracts

UNDERTAKINGS BY THE SECURED PARTIES. Each of the Secured Parties insofar such Party is a Party to this Agreement undertakes to: (a) pay immediately to the Security Trustee all moneys received or recovered by it by whatever means (including by way of set-off or otherwise) in respect of the Transaction Documents subsequent to a CBC Acceleration Notice, except for (i) payments received in accordance with this Agreement and (ii) the return of any collateral posted by any Swap Counterparty and any Tax Credit in accordance with any Swap Agreement; and (b) refrain from any acts towards the Security Trustee which are inconsistent with, or could be deemed to be in violation of, the security given under or pursuant to the Pledge Agreements or knowingly prejudice the security granted pursuant to the Pledge Agreements, provided that nothing in this Agreement shall be construed as limiting the rights exercisable by the Secured Parties in accordance with the terms of the Transaction Documents to which they are, respectively, a party, subject to the limitations set out in this Agreement and the Trust Deed.

UNDERTAKINGS BY THE SECURED PARTIES. Each of the Secured Parties insofar such Party which is a Party party to this Agreement undertakes to: (a) a. pay immediately to the Security Trustee all moneys received or recovered by it by whatever means (including by way of set-off or otherwise) in respect of the Transaction Documents subsequent to a the CBC Acceleration Notice, except for (i) payments received in accordance with this Agreement and (ii) the return of any collateral posted by any Swap Counterparty and any Tax Credit in accordance with any Swap Agreement; and (b) b. refrain from any acts towards the Security Trustee which are inconsistent with, or could be deemed to be in violation of, the security given under or pursuant to the Pledge Agreements or knowingly prejudice the security granted pursuant to the Pledge Agreements, provided that nothing in this Agreement shall be construed as limiting the rights exercisable by the Secured Parties in accordance with the terms of the Transaction Documents to which they are, respectively, a party, subject to the limitations set out in this Agreement and the Trust Deed.

UNDERTAKINGS BY THE SECURED PARTIES. ‌ Each of the Secured Parties insofar such Party which is a Party party to this Agreement undertakes to: (a) a. pay immediately to the Security Trustee all moneys received or recovered by it by whatever means (including by way of set-off or otherwise) in respect of the Transaction Documents subsequent to a the CBC Acceleration Notice, except for (i) payments received in accordance with this Agreement and (ii) the return of any collateral posted by any Swap Counterparty and any Tax Credit in accordance with any Swap Agreement; and (b) b. refrain from any acts towards the Security Trustee which are inconsistent with, or could be deemed to be in violation of, the security given under or pursuant to the Pledge Agreements or knowingly prejudice the security granted pursuant to the Pledge Agreements, provided that nothing in this Agreement shall be construed as limiting the rights exercisable by the Secured Parties in accordance with the terms of the Transaction Documents to which they are, respectively, a party, subject to the limitations set out in this Agreement and the Trust Deed.