Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 15 (Application of Proceeds), the Common Security Agent shall (prior to that distribution and taking into account the Liabilities then outstanding and the cash value of those Non-Cash Recoveries) notify the Secured Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”).
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Section 4.01, the Relevant Designated Representative shall (prior to that distribution and taking into account the Senior Obligations then outstanding and the cash value of those Non-Cash Recoveries) notify the Representatives of the Secured Parties entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”).
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 12 (Application of proceeds), the Collateral Agent shall (prior to that distribution and taking into account the Liabilities then outstanding and the cash value of those Non-Cash Recoveries) notify the Pari Passu Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”).
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 19 (Application of Proceeds), the Security SPV shall (prior to that distribution and taking into account the Liabilities then outstanding and the cash value of those Non-Cash Recoveries) notify the Primary Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”).
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 16 (Application of Proceeds), the Senior Security Agent (or, following the Senior Discharge Date, the Second Lien Security Agent) shall (prior to that distribution and taking into account the Liabilities then outstanding and the cash value of those Non-Cash Recoveries) notify the Primary Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”).
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 23 (Application of Proceeds), the Common Security Agent shall (prior to that distribution and taking into account the Liabilities then outstanding and the cash value of those Non-Cash AMERICAS 120207225
Alternative to Non-Cash Consideration. (a) If any Non-Cash Recoveries are to be distributed pursuant to Clause 17 (Application of Proceeds), the Security Agent shall (prior to that distribution and taking into account the Secured Obligations then outstanding and the cash value of those Non-Cash Recoveries) notify the Senior Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “Entitled Creditors”) (in the case of any Entitled Creditor that is a Senior Facility Creditor, through the Senior Agent).
