Common use of Excluded proceeds Clause in Contracts

Excluded proceeds. Where Excluded Recovery 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 the relevant definition of “Excluded Recovery Proceeds”, “Excluded Disposal Proceeds” or “Excluded Insurance Proceeds”), the Borrower shall ensure that those amounts are used for that purpose and, if requested to do so by the Agent (acting reasonably), shall 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.

Appears in 2 contracts

Samples: Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.), Facility Agreement (Giant Interactive Group Inc.)

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Excluded proceeds. Where Excluded Recovery 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 the relevant definition of “Excluded Recovery Clause 13.2 (Disposal, Insurance and Acquisition Proceeds, “Excluded Disposal Proceeds” or “Excluded Insurance Proceeds”Excess Cashflow and Escrow)), the Borrower Company shall ensure that those amounts are used for that purpose and, if requested to do so by the Facility Agent (acting reasonably), shall promptly deliver a certificate to the Facility 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.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

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Excluded proceeds. Where Excluded Recovery 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 the relevant definition of Excluded Recovery Proceeds, Excluded Disposal Proceeds” Proceeds or Excluded Insurance Proceeds), the Borrower Company shall ensure that those amounts are used for that purpose and, if requested to do so by the Agent (acting reasonably)Agent, shall as soon as reasonably possible 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.

Appears in 1 contract

Samples: Senior Facilities Agreement (OpSec Holdings)

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