Common use of Alternative to Non-Cash Consideration Clause in Contracts

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 Clause 15 clause 11 (Application of Proceedsproceeds), 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 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 each Creditor Representative entitled to receive those Non-Cash Recoveries on behalf and for the benefit of their applicable Primary Creditors 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 15 16 (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 External 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 15 16 (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 External 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 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 Senior 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 15 16 (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 each Creditor Representative entitled to receive those Non-Cash Recoveries on behalf and for the benefit of their applicable Primary Creditors 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 15 16 (Application of Proceedsproceeds), 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 Senior Creditors entitled to receive those Non-Cash Recoveries pursuant to that distribution (the “"Entitled Creditors”").