Common use of Excluded proceeds Clause in Contracts

Excluded proceeds. Where Excluded Disposal Proceeds and Excluded Insurance Proceeds include amounts which are intended to be used for a specific purpose within a specified period (as set out in paragraph (ii) of the definition of Excluded Disposal Proceeds or paragraph (a) (i) or (ii) of the definition of Excluded Insurance Proceeds), the Borrower shall ensure that those amounts are used for that purpose and shall promptly deliver a certificate to the Agent at the time of such application and the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.

Excluded proceeds. Where Excluded Disposal Proceeds and Excluded Insurance Proceeds include amounts which are intended to be used for a specific purpose within a specified period (as set out in paragraph (ii) of the relevant definition of Excluded Disposal Proceeds or paragraph (a) (i) or (ii) of the definition of Excluded Insurance Proceeds), the Borrower Parent shall 51 ensure that those amounts are used for that purpose and and, if requested to do so by the Agent, shall promptly deliver a certificate to the Agent at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.

Excluded proceeds. Where Excluded Acquisition Proceeds, Excluded Disposal Proceeds and Excluded Insurance Proceeds include amounts which are intended to be used for a specific purpose within a specified period (as set out in paragraph (ii) of the relevant definition of Excluded Acquisition Proceeds, Excluded Disposal Proceeds or paragraph (a) (i) or (ii) of the definition of Excluded Insurance Proceeds), the Borrower Company shall ensure that those amounts are used for that purpose and shall promptly deliver a certificate to the Agent at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.

Excluded proceeds. Where Excluded Acquisition Proceeds, Excluded Disposal Proceeds and Excluded Insurance Proceeds include amounts which are intended to be used for a specific purpose within a specified period (as set out in paragraph (ii) of the relevant definition of Excluded Acquisition Proceeds, Excluded Disposal Proceeds or paragraph (a) (i) or (ii) of the definition of Excluded Insurance Proceeds), the Original Borrower shall ensure that those amounts are used for that purpose and shall promptly deliver a certificate to the Agent Agents at the time of such application and at the end of such period confirming the amount (if any) which has been so applied within the requisite time periods provided for in the relevant definition.