Common use of Application and consideration Clause in Contracts

Application and consideration. In consideration for the covenants given to the Security Trustee by each Obligor in clause 16.2 (Parallel Debt) of the Intercreditor Agreement, the Security Trustee agrees with each Obligor to apply all money from time to time paid by such Obligor to the Security Trustee in accordance with the provisions of Clause 32.1 (Order of Application).

Appears in 2 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)

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Application and consideration. In consideration for the covenants given to the Security Trustee by each Obligor in clause 16.2 17.2 (Parallel Debt) of the Intercreditor Agreement, the Security Trustee agrees with each Obligor to apply all money from time to time paid by such Obligor to the Security Trustee in accordance with the provisions of Clause 32.1 (Order of Application).

Appears in 2 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

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Application and consideration. In consideration for the covenants given to the Security Trustee by each Obligor in clause 16.2 Clause 30.2 (Parallel Debt) of Debt (Covenant to pay the Intercreditor AgreementSecurity Trustee)), the Security Trustee agrees with each Obligor to apply all money moneys from time to time paid by such Obligor to the Security Trustee in accordance with the provisions of Clause 32.1 35.1 (Order of Application).

Appears in 1 contract

Samples: Facilities Agreement (Iron Mountain Inc)

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