Equalisation Payments. If any Senior Creditor or Hedging Bank (a “Recovering Creditor”) makes a Recovery other than by reason of a payment from the Security Agent dealt with under Clause 11 (Proceeds of Enforcement), then:
Appears in 3 contracts
Samples: Priority Agreement, Priority Agreement (JSG Funding PLC), Priority Agreement (Smurfit Kappa Acquisitions)
Equalisation Payments. If (a) If, any Senior Creditor or Hedging Bank or the LC Issuer (a “Recovering Creditor”) makes a Recovery other than by reason of a payment from the Security Agent dealt with under Clause 11 (Proceeds of Enforcement), then:
Appears in 1 contract
Samples: Intercreditor Agreement (Valentia Telecommunications)
