Common use of Application of retentions Clause in Contracts

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: (a) any repayment instalment due in accordance with Clause 8.1 on that interest payment date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's liability for that repayment instalment or that interest.

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: (a) any repayment instalment due in accordance with Clause 8.1 on that interest payment date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's ’s liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default occursor a Potential Event of Default occurs and is continuing, the Agent shall on each Repayment Date and 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: (ai) any repayment instalment the Instalment due on that Repayment Date pursuant to Clause 8.1; or (ii) the amount of interest in accordance with Clause 8.1 respect of the Loan payable on that interest payment date; and (b) the amount of interest payable on that interest payment date , in discharge of the Borrower's liability for that repayment instalment Instalment or that interest.

Application of retentions. Until an Event of Default occurs, the Agent Lenders shall on each Repayment Date and on each due date for the payment of interest under this Agreement distribute to the Lenders apply in accordance with the payment details set out in Clause 16.4 16.1 so much of the then balance on the Retention Account as equals: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date; in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

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: (a) any repayment instalment Repayment Instalment due in accordance with Clause 8.1 on that interest payment date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's liability for that repayment instalment Repayment Instalment or that interest.

Application of retentions. Until an Event of Default occurs, the Agent Lenders shall on each Repayment Date and on each due date for the payment of interest under this Agreement distribute to the Lenders apply in accordance with the payment details set out in Clause 16.4 16.1 so much of the then balance on the Retention Account as equals: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date; in discharge of the Borrower's ’s liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default occurs, the Agent shall on each Repayment Date and 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: (a) any repayment instalment the Repayment Instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's liability for that repayment instalment Repayment Instalment or that interest.

Application of retentions. Until an Event of Default occursoccurs which is continuing, the Agent shall on each Repayment Date and 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: (a) any the repayment instalment in respect of the relevant Tranche due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest in respect of the relevant Tranche payable on that interest payment date date, (c) in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

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: (a) equals any repayment instalment due in accordance with Clause 8.1 on that interest payment date; and (b8.2(a) the amount of interest payable on that interest payment date in discharge of the Borrower's ’s liability for that repayment instalment or that interestinstalment.

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 distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: (a) any the repayment instalment in respect of the relevant Tranche due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest in respect of the relevant Tranche payable on that interest payment date date, in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

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 distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: (a) any repayment instalment the Instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date pursuant to Clause 8.1; andor (b) the amount of interest in respect of the Loan payable on that interest payment date date, in discharge of the Borrower's ’s liability for that repayment instalment Instalment or that interest.

Application of retentions. Until an Event of Default occurs, the Facility 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: (a) equals any repayment instalment due in accordance with Clause 8.1 on that interest payment date; and (b8.2(a) the amount of interest payable on that interest payment date in discharge of the Borrower's ’s liability for that repayment instalment or that interestinstalment.

Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall shall, to the extent there are sufficient funds standing to the credit of the Retention Account, on each Repayment Date and 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: (a) any repayment instalment due equals the amount of interest in accordance with Clause 8.1 respect of the Loan payable on that interest payment date; and (b) the amount of interest payable on that interest payment date , in discharge of the Borrower's Borrowers’ liability for that repayment instalment Instalment or that interest.

Application of retentions. Until an Event of Default occursoccurs which is continuing, the Agent shall on each Repayment Date and 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: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date, (c) in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default occursoccurs and whilst it is continuing, the Agent shall on each Repayment Date and 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: (a) any repayment instalment the Six-monthly Instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date, in discharge of the Borrower's ’s liability for that repayment instalment Six-monthly Instalment or that interest.

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 distribute to the Lenders in accordance with Clause 16.4 21.4 so much of the then balance on the Retention Account Accounts as equals: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date; in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

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 distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: (ai) any repayment instalment the Instalment due on that Repayment Date pursuant to Clause 8.1; or (ii) the amount of interest in accordance with Clause 8.1 respect of the Loan payable on that interest payment date; and (b) the amount of interest payable on that interest payment date , in discharge of the Borrower's Borrowers' liability for that repayment instalment Instalment or that interest.

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 distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: (a) any repayment instalment the Instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date pursuant to Clause 8.1; andor (b) the amount of interest in respect of the Loan payable on that interest payment date date, in discharge of the Borrower's Borrowers' liability for that repayment instalment Instalment or that interest.

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: (a) any repayment instalment Repayment Instalment due in accordance with Clause 8.1 on that interest payment date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default occursor a Potential Event of Default occurs and is continuing, the Agent shall shall, to the extent there are sufficient funds standing to the credit of the Retention Account, on each due date for the payment of interest Repayment Date under this Agreement distribute to the Lenders in accordance with Clause 16.4 (Distribution of payments to Creditor Parties) so much of the then balance on the Retention Account as equals: (a) any repayment instalment equals the Instalment due in accordance with on that Repayment Date pursuant to Clause 8.1 on that interest payment date; and (bAmount of Instalments) the amount of interest payable on that interest payment date in discharge of the Borrower's ’s liability for that repayment instalment or that interestInstalment.

Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Repayment Date in respect of a Tranche and 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: (a) any repayment instalment : the Instalment due on that Repayment Date for that Tranche pursuant to Clause 8.1; or the amount of interest in accordance with Clause 8.1 respect of that Tranche payable on that interest payment date; and (b) the amount of interest payable on that interest payment date , in discharge of the Borrower's Borrowers’ liability for that repayment instalment Instalment or that interest.

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 distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest payable on that interest payment date date; in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

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: (a) any repayment instalment Repayment Instalment due in accordance with Clause 8.1 on that interest payment date; and (b) the amount of interest payable on that interest payment date in discharge of the Borrower's ’s liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default occursoccurs which is continuing, the Agent shall on each Repayment Date and 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 relevant Retention Account as equals: (a) any the repayment instalment in respect of the relevant Tranche due in accordance with Clause 8.1 on that interest payment dateRepayment Date; andor (b) the amount of interest in respect of the relevant Tranche payable on that interest payment date date, (c) in discharge of the Borrower's Borrowers’ liability for that repayment instalment or that interest.

Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Term Repayment Date and 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: (a) any the repayment instalment due in accordance with Clause 8.1 on that interest payment dateTerm Repayment Date; andor (b) the amount of interest payable on that interest payment date date, in discharge of the Borrower's ’s liability for that repayment instalment or that interest.