Basis of distribution. To enable it to make any distribution, the Security Agent may fix a date as at which the amount of the Liabilities is to be calculated and may require, and rely on, a certificate from any Secured Party giving details of: (a) any sums due or owing to any Secured Party as at that date; and (b) such other matters as it thinks fit.
Appears in 3 contracts
Samples: Facility Agreement (Danaos Corp), Facility Agreement (Allied Healthcare International Inc), Facility Agreement (Allied Healthcare International Inc)
Basis of distribution. 19.4.1 To enable it to make any distribution, the Security Agent may fix a date as at which the amount of the any Liabilities is to be calculated and may require, and rely on, a certificate from any Secured Party giving details of:
(a) any sums due or owing to any Secured Party as at that date; and
(b) such other matters as it thinks fit.
Appears in 1 contract
Samples: Global Intercreditor Agreement (Atlatsa Resources Corp)
