Application of retentions. Until an Event of Default occurs, the Agent shall on each due date for the payment of interest under this Agreement distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall, to the extent there are sufficient funds standing to the credit of the Retention Account, on each Repayment Date in respect of an Advance and on each due date for the payment of interest in respect of that Advance under this Agreement distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Account Bank shall on each Repayment Date and on each due date for the payment of interest under this Agreement pay to the Agent, for the Agent to distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. (a) The Security Agent has sole signing rights in relation to the Retention Account.
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Repayment Date and on each due date for the payment of interest under this Agreement or, as the case may be, the net amount which is payable by the Borrowers to the Swap Bank in respect of any Designated Transaction on the next due date for payment of such amount under the relevant Confirmation distribute to:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply, in accordance with Clause 15.1 (Minimum required security cover) so much of the balance in the Retention Account as equals:
(a) the Repayment Instalment due on that Repayment Date; or
(b) the amount of interest payable on that interest payment date, in discharge of the Borrowers' liability for that Repayment Instalment or that interest and the Borrowers hereby authorise the Agent to debit the Retention Account and make distributions in accordance with this Clause 18.4 (Application of retentions).
Application of retentions. 35.1 If, at the time that release to the vendor (but for this clause 35.1), any moneys are owing by the vendor to the purchaser pursuant to clause 25.7, then the vendor shall procure its solicitors to apply the relevant Retention (or Retentions, as the case may be) first in (or towards, as the case may be) payment of any moneys owing by the vendor to the purchaser pursuant to clause 25.7.
Application of retentions. DEFINITIONS The underwriters’ liability under any liability coverage or first party cyber coverage, shall apply only to that part of each liability loss or first party loss, which is excess of the applicable Retention amount set forth in Item 7. of the Policy Declarations for such liability coverage or first party cyber coverage. The Retention shall be borne by the insured uninsured and at the insured’s own risk. Any payments made to satisfy the retention or deductible amount under another policy of insurance shall not satisfy or apply towards the applicable Retention, or any portion thereof, of this policy. Solely as respects Insuring Agreement G. Network Business Interruption Coverage, the Retention amount for any loss of income and extra expenses begins to incur after the waiting period.
Application of retentions. The Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the Retention Account as equals:
