Common use of DATE FOR CALCULATION OF SECURED OBLIGATIONS Clause in Contracts

DATE FOR CALCULATION OF SECURED OBLIGATIONS. For the purpose of any distribution by the Security Trustee, the Security Trustee may, by notice to the Beneficiaries, fix a date (being not earlier than the date of such notice) as at which the amount of the Secured Obligations are to be calculated.

Appears in 6 contracts

Samples: Ninth Supplemental Agreement (Bell Microproducts Inc), Tenth Supplemental Agreement (Bell Microproducts Inc), Syndicated Credit Agreement (Bell Microproducts Inc)

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DATE FOR CALCULATION OF SECURED OBLIGATIONS. For the purpose of any distribution by the Security Trustee, the Security Trustee may, by written notice to the Beneficiaries, fix a date (being not earlier than the date of such notice) as at which the amount of the Secured Obligations are to be calculated.

Appears in 2 contracts

Samples: Equitable Mortgage (Ashworth Inc), Equitable Mortgage (Ashworth Inc)

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