Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent on its behalf, to:
Appears in 1 contract
Samples: www.thesisam.com
Filing of Claims. (a) Without prejudice to any Xxxxxxxxx Xxxxxx’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Agreement
Filing of Claims. (a) Without prejudice to any Xxxxxxxxx XxxxxxAncillary Lender’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s 's right of netting or set-off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), after the occurrence of an Insolvency Event in relation to any member of Debtor or the GroupParent, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of Debtor or the GroupParent, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s right of netting or set-off relating to a Multi- Multi-account Overdraft Facility (to the extent that the netting or set-off represents a reduction of the from a Permitted Gross Outstandings Amount of that Multi-account Overdraft Facility to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 9.7 (Security Agent instructions)), on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx XxxxxxAncillary Lender’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of Debtor or the GroupParent, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s Ancillary Lender's right of netting or set-off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), after the occurrence of an Insolvency Event in relation to any member of Debtor or the GroupParent, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx XxxxxxAncillary Lender’s right of netting or set-off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net Outstandings)Amount, after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Filing of Claims. Without prejudice to any Xxxxxxxxx XxxxxxAncillary Lender’s right of netting or set-off relating to a Multi- account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent on its behalf, to:
Appears in 1 contract
Samples: www.thesisam.com
Filing of Claims. Without prejudice to any Xxxxxxxxx XxxxxxAncillary Lender’s right of netting or set-off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), ) after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s right of netting or set-off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Permitted Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Designated Net OutstandingsAmount), after the occurrence of an Insolvency Event in relation to any member of the GroupDebtor which is continuing, each Creditor and each Subordinated Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 8.7 (Security Agent instructions)), on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. Without prejudice to any Xxxxxxxxx Xxxxxx’s 's or Cash Management Provider's right of netting or set-set- off relating to a Multi- Multi-account Overdraft (to the extent that the netting or set-off represents a reduction of the Gross Outstandings of that Multi-account Overdraft to or towards an amount equal to its Net Outstandings), after the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent Agent, on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement