Appropriation of Proceeds. The proceeds of the sale shall be received by the Company and applied in payment of such part of the amount in respect of which the lien exists as is presently payable and in payment of any other moneys due and payable to the Company and the residue if any shall (subject to a like lien for sums not presently payable as existed upon the shares before the sale) be paid to the person registered or entitled to be registered as the holder of the shares immediately prior to the sale.
Appears in 10 contracts
Samples: National Rail Corporation Agreement, National Rail Corporation Agreement Act 1992, National Rail Corporation Agreement Act 1992
