Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.
Appears in 6 contracts
Sources: Security Agreement (Gates Global Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 5 contracts
Sources: Mortgage of Shares (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc), Security Agreement (Warp Technology Holdings Inc)
Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 3 contracts
Sources: Account Charge (eHi Car Services LTD), Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement (GCL Silicon Technology Holdings Inc.)
Contingencies. If the Security created by this Security Debenture is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.
Appears in 3 contracts
Sources: Credit and Guaranty Agreement (American Airlines, Inc.), First Amendment and Restatement Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc)
Contingencies. If this the Security is enforced at a time when no amount is due under the Loan Documents Agreement but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 3 contracts
Sources: Further Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.), Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.), Deed of Charge of Shares (Shin Nippon Biomedical Laboratories, Ltd.)
Contingencies. If this the Transaction Security is enforced at a time when no amount is due under the Loan Debt Documents but at a time when amounts may or will become due, the Collateral Agent (or the a Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.
Appears in 1 contract
Sources: Supplemental Security Agreement (Selina Hospitality PLC)
Contingencies. If this Security is enforced at a time when no amount is amounts are due under the Loan Documents but at a time when amounts may or will become so due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 1 contract
Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount or other account selected by it.
Appears in 1 contract
Contingencies. If this Security security is enforced at a time when no amount is due under the Loan Secured Debt Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any the recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 1 contract
Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.
Appears in 1 contract
Sources: Security Agreement (Mimecast LTD)