Continuation of accounts. At any time after:
Continuation of accounts. At any time following (i) Xxxxxx Xxxxxxx receiving notice (either actual or otherwise) of any subsequent security interest affecting any assets subject to the Security or (ii) the occurrence of any Act of Insolvency in respect of the Client, Xxxxxx Xxxxxxx may open a new Account in the Client’s name (whether or not Xxxxxx Xxxxxxx permits any existing Account to continue). If Xxxxxx Xxxxxxx does not open such a new Account, Xxxxxx Xxxxxxx will nevertheless be treated as if Xxxxxx Xxxxxxx had done so at the time, as the case may be, when the notice was received or deemed to have been received of the subsequent security interest or at the time of the Act of Insolvency. No cash or Investments thereafter paid into any Account, whether new or continuing, shall discharge or reduce the amount receivable pursuant to this Agreement.
Continuation of accounts. (A) At any time if any subsequent Security affects any Charged Property or a petition is presented or resolution passed in relation to the winding-up of a Chargor, the Lender may open a new account in the name of that Chargor (whether or not it permits any existing account to continue).
Continuation of accounts. If the Collateral Agent receives notice of any subsequent mortgage, charge, assignment, or other disposition affecting any account opened with the Collateral Agent by the Chargor, or any part thereof or interest therein, the Collateral Agent may open a new account for the Chargor. If the Collateral Agent does not open a new account then unless the Collateral Agent gives express written notice to the contrary to the Chargor it shall nevertheless be treated as if it had done so at the time when it received such notice and as from that time all payments made by or on behalf of the Chargor to the Collateral Agent shall be credited or be treated as having been credited to the new account and shall not operate to reduce the amount due from the Chargor to the Collateral Agent at the time when it received notice.
Continuation of accounts. (a) At any time after a Secured Party I has received or is deemed to have received notice of any subsequent Security affecting all or any part of the Security Assets I of the Assignor, that Secured Party I may open a new account in the name of the Assignor (whether or not it permits any existing account to continue).
Continuation of accounts. At any time following the Agent receiving notice (either actual or otherwise) of any subsequent Security, other than Permitted Liens, affecting the Charged Assets or the commencement of the Winding-up of the Company, the Agent may open a new account in the name of the Company with the Agent (whether or not it permits any existing account to continue). If the Agent does not open such a new account, it shall nevertheless be treated as if it had done so at the time, as the case may be, when the notice was received or was deemed to have been received of the subsequent Security or the Winding-up commenced. No moneys thereafter paid into any account, whether new or continuing, shall discharge or reduce the amount recoverable pursuant to this Debenture.
Continuation of accounts. In the event of the commencement of the winding-up of the Chargor or of this Deed ceasing for any reason to be binding on the Chargor or if the Chargee receives, or is deemed to be affected by, notice, whether actual or constructive, of any subsequent or other Security or other like interest, matter, event or transaction affecting the Charged Property or any part thereof, the Chargee may at any time open a new account or accounts for the Chargor in its books. If the Chargee does not in fact open such new account then, unless it gives express notice in writing to the Chargor to the contrary, it shall nevertheless be treated as if it had in fact opened such account or accounts at the time when it received or was deemed to have received such notice. As from that time and unless such express notice in writing shall be given to the Chargor by the Chargee, all payments by or on behalf of the Chargor to the Chargee will be credited or be treated as having been credited to a new account of the Chargor and not as having been applied in reduction of the Secured Obligations at the time when such notice was received or deemed to have been received.
Continuation of accounts. (a) At any time after the Issuer Security Trustee has received or is deemed to have received notice of any subsequent Security affecting all or any part of the Security Assets of the Assignor, the Issuer Security Trustee may open a new account in the name of the Assignor (whether or not it permits any existing account to continue).
Continuation of accounts. (a) At any time after the Security Trustee has received or is deemed to have received notice of any subsequent Security in breach of paragraph 14 (Negative pledge) of Part 3 (General Covenants) of Schedule 2 (Security Group Covenants) to the Common Terms Agreement affecting all or any part of the Security Assets of any Assignor, the Security Trustee may open a new account in the name of that Assignor (whether or not it permits any existing account to continue).
Continuation of accounts. At any time following the commencement of the winding-up of any Chargor or if any Secured Party receives notice or is deemed to have received notice of any subsequent Security affecting the Charged Assets or of any assignment or transfer (other than to the extent such Security is permitted or not restricted by the Loan Documents), the Secured Party may open a new account with it in the name of such Chargor. If the Secured Party does not open a new account, it shall nevertheless be treated as if it had done so at the time when the winding-up commenced or the Secured Party received, or was deemed to have received, notice of such subsequent Security. All payments made thereafter by a Chargor to that Secured Party shall be treated as having been credited to a new account of such Chargor and not as having been applied in reduction of the Secured Obligations as at the time when the winding-up commenced or the ABL Agent received such notice.
