Application of cash collateral security. Subject always to the overriding provisions of Clause 15, moneys received by the Issuer pursuant to Clause 5.6 shall be applied (as between the Obligors on the one hand and the Issuer on the other) in the following manner:
Appears in 3 contracts
Samples: Amending and Restating Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD), Guarantee Facility Agreement (TBS International LTD)
Application of cash collateral security. Subject always to the overriding provisions of Clause 1514, moneys received by the Issuer Agent for the account of the Issuing Bank and the Banks pursuant to Clause 5.6 6.7 shall be applied (as between the Obligors on the one hand and the Issuer Issuing Bank and the Banks on the other) in the following manner:
Appears in 1 contract
Samples: Agreement (Euronav NV)
