Amounts contingently due. (a) If at the time of a distribution of any money under clause 8.1 any part of the Secured Moneys is contingently owing to the Secured Party, the Secured Party, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it.
(b) If the Secured Party, Receiver or Attorney retains any amount under clause 8.3(a), it must place that amount on short- term interest bearing deposit until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Secured Party, Receiver or Attorney must:
(1) pay to the Secured Party the amount which has become actually due to it; and
(2) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 8.1.
Amounts contingently due. If the Security Agent enforces the security ------------------------ constituted by this Deed (whether by the appointment of a Receiver or otherwise) at a time when no amounts are due to it (but at a time when amounts may become so due), the Security Agent (or such Receiver) may pay the proceeds of any recoveries effected by it into an interest-bearing suspense account with any person (including the Security Agent) selected by the Security Agent and on terms selected by the Security Agent until the relevant amounts become actually due and payable or the Security Agent determines that they will never become actually due and payable. At that time the amount actually owing may be paid to the Security Agent and the balance distributed in accordance with Clause 9.1 (Order of Application). Until such time the Security Agent (or such Receiver) may (subject to the payment of any claims having priority to this security) withdraw amounts standing to the credit of any such suspense account in order to pay the amounts referred to in paragraphs (a) and (b) of Clause 9.1 (Order of Application). The Obligors will not be entitled to withdraw any monies (including interest) standing to the credit of any such suspense account until all the Secured Indebtedness has been irrevocably paid and discharged in full.
Amounts contingently due. If any Secured Money is contingently owing to any Mortgagee at the time of a distribution of an amount under clause 12.1, the Collateral Agent may retain any of that amount. If it does, it shall place the amount retained on short term interest bearing deposit until the relevant Secured Money becomes actually due or ceases to be contingently owing, and the Collateral Agent shall then:
(a) pay to itself the amount which becomes actually due to it; and
(b) apply the balance of the amount retained (together with interest earned on the deposit) in accordance with clause 12.1.
Amounts contingently due. If the Security Agent enforces the security ------------------------ constituted by this Deed at a time when no amounts are due to it (but at a time when amounts may become so due), the Security Agent may pay the proceeds of any recoveries effected by it into an interest-bearing suspense account with any person (including the Security Agent) selected by the Security Agent and on terms selected by the Security Agent until the relevant amounts become actually due and payable or the Security Agent determines that they will never become actually due and payable. At that time the amount actually owing may be paid to the Security Agent and the balance distributed in accordance with Clause 12.1 (Order of Application). Until such time the Security Agent may (subject to the payment of any claims having priority to this security) withdraw amounts standing to the credit of any such suspense account in order to pay the amounts referred to in paragraphs (a) and (b) of Clause 12.1 (Order of Application). The Chargor will not be entitled to withdraw any monies (including interest) standing to the credit of any such suspense account until all the Secured Indebtedness has been irrevocably paid and discharged in full.
Amounts contingently due. If any of the Secured Money is contingently Owing to a Secured Party at the time of any application of any amount under clause 10.1, that Secured Party may retain any of that amount. If it does, it will place the amount retained on short-term interest-bearing deposit until the relevant Secured Money becomes actually due or ceases to be contingently Owing, and it will pay to itself the amount which becomes actually due to it.
Amounts contingently due. If any of the Secured Moneys is contingently owing to any Mortgagee at the time of a distribution of an amount under clause 16.1, the Security Trustee may retain any of that amount. If it does, it shall place the amount retained on short term interest bearing deposit until the relevant Secured Moneys become actually due or cease to be contingently owing, or it becomes reasonably apparent that the relevant contingency will not occur and the Security Trustee shall then:
(a) pay to that Mortgagee, or (where the Mortgagee is a Bearer Noteholder) to the Note Trustee, the amount which becomes actually due to it; and -------------------------------------------------------------------------------- Page 24 --------------------------------------------------------------------------------
(b) apply the balance of the amount retained (together with interest earned on the deposit) in accordance with clause 16.1.
Amounts contingently due. (a) If at the time of a distribution of any money under clause 12.1 any part of the Secured Moneys is contingently owing to any Secured Creditor, the Security Trustee, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it.
(b) If the Security Trustee, Receiver or Attorney retains any amount under clause 12.7(a) it must place that amount on short-term interest bearing deposit which is an Authorised Investment until the amount contingently owing becomes actually due and payable or otherwise ceases to be contingently owing at which time the Security Trustee, Receiver or Attorney must:
(1) pay to the Secured Creditor the amount which has become actually due to it; and
(2) apply the balance of the amount retained, together with any interest on the amount contingently owing, in accordance with clause 12.1.
Amounts contingently due. If any of the Secured Moneys is contingently owing to any Mortgagee at the time of a distribution of an amount under clause 16.1, the Security Trustee may retain any of that amount. If it does, it shall place the amount retained on short term interest bearing deposit until the relevant Secured Moneys become actually due or cease to be contingently owing, or it becomes reasonably apparent that the relevant contingency will not occur and the Security Trustee shall then:
(a) pay to that Mortgagee, or (where the Mortgagee is a US$ Noteholder) to the Note Trustee, the amount which becomes actually due to it; and
(b) apply the balance of the amount retained (together with interest earned on the deposit) in accordance with clause 16.1.
Amounts contingently due. If at the time of a distribution of any money under clause 8.1 any part of the Secured Moneys is contingently owing to the Mortgagee, the Mortgagee, Receiver or Attorney may retain an amount equal to the amount contingently owing or any part of it.
Amounts contingently due. If money available for distribution to a Mortgagee relates to that part of the Secured Money which is contingently due to the Mortgagee:
(a) the Security Agent, an Attorney or a Receiver may place that money in a short-term interest bearing deposit account:
(i) with any person selected by the Security Agent, including a Mortgagee or a Related Body Corporate of a Mortgagee;
(ii) on terms approved by the Security Agent; and
(iii) until that part of the Secured Money becomes actually due and payable or otherwise ceased to be contingently due; and
(b) at that time the amount actually owing may be paid to the Mortgagee and the balance distributed in accordance with clause 12.1.
