Common use of APPLICATION OF SUMS RECEIVED Clause in Contracts

APPLICATION OF SUMS RECEIVED. Subject to the other provisions of this clause 27, the Security Trustee shall apply all amounts standing to the credit of any account referred to in clause 27.3 and any other amounts realised pursuant to the exercise of any rights or powers it might have pursuant to any of the Security Documents:

Appears in 4 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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APPLICATION OF SUMS RECEIVED. Subject to the other provisions of this clause 2717, the Security Trustee shall apply all amounts standing to the credit of any account referred to in clause 27.3 17.3 and any other amounts realised pursuant to the exercise of any rights or powers it might have pursuant to any of the Security Documentsthis Deed:

Appears in 2 contracts

Samples: Ashworth Inc, Ashworth Inc

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