Implementation of equalisation. The provisions of this Clause 19 (Equalisation) shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 19 (Equalisation) have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Exposures and the Senior Secured Creditors shall make appropriate adjustment payments amongst themselves.
Implementation of equalisation. The provisions of this Clause 15 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 15 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Exposures and the Senior Secured Creditors shall make appropriate adjustment payments amongst themselves.
Implementation of equalisation. (a) The provisions of this Clause 20 shall be applied at such time or times after the Enforcement Date as the Intercreditor Agent may consider appropriate.
(b) Without prejudice to the generality of paragraph (a) above, if the provisions of this Clause 20 have been applied before all the Liabilities have matured and/or been finally quantified, the Intercreditor Agent may elect to re-apply those provisions on the basis of revised Exposures and the relevant Creditors shall make appropriate adjustment payments among themselves.
Implementation of equalisation. The provisions of this Clause 17 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate.
Implementation of equalisation. (a) The provisions of this Clause 14 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate.
(b) Without prejudice to the generality of paragraph (a) above, if the provisions of this Clause 14 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Super Senior Credit Participations and the Super Senior Creditors shall make appropriate adjustment payments amongst themselves.
(c) Without prejudice to the generality of paragraph (a) above, if the provisions of this Clause 14 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Senior Secured Credit Participations and the Senior Secured Creditors shall make appropriate adjustment payments amongst themselves.
Implementation of equalisation. The provisions of this Clause 17 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 17 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Exposures and the Super Priority Lenders, the Hedge Counterparties and the Pari passu Facility Lenders shall make appropriate adjustment payments amongst themselves.
Implementation of equalisation. (a) The provisions of this Clause 24 shall be applied at such time or times after the Enforcement Date as the Common Security Agent shall consider appropriate.
(b) Without prejudice to the generality of paragraph (a) above, if the provisions of this Clause 24 have been applied before all the Liabilities have matured and/or been finally quantified, the Common Security Agent may elect to re-apply those provisions on the basis of revised Exposures and the relevant Creditors shall make appropriate adjustment payments amongst themselves. AMERICAS 120207225
(c) If, for any reason, any Super Senior Liabilities remain unpaid after the Enforcement Date and the resulting losses are not borne by the Super Senior Creditors in the proportions which their respective Exposures at the Enforcement Date bore to the aggregate Exposures of all the Super Senior Creditors at the Enforcement Date, the Super Senior Creditors will make such payments amongst themselves to put the Super Senior Creditors in such a position that (after taking into account such payments) those losses are borne in those proportions.
(d) If, for any reason, any Pari Passu Liabilities remain unpaid after the Enforcement Date and the resulting losses are not borne by the Pari Passu Creditors in the proportions which their respective Exposures at the Enforcement Date bore to the aggregate Exposures of all the Pari Passu Creditors at the Enforcement Date, the Pari Passu Creditors will make such payments amongst themselves to put the Pari Passu Creditors in such a position that (after taking into account such payments) those losses are borne in those proportions.
(e) If, for any reason, any Second Lien Liabilities remain unpaid after the Enforcement Date and the resulting losses are not borne by the Second Lien Creditors in the proportions which their respective Exposures at the Enforcement Date bore to the aggregate Exposures of all the Second Lien Creditors at the Enforcement Date, the Second Lien Creditors will make such payments amongst themselves to put the Second Lien Creditors in such a position that (after taking into account such payments) those losses are borne in those proportions.
(f) If, for any reason, any Senior Subordinated Liabilities remain unpaid after the Enforcement Date and the resulting losses are not borne by the Senior Subordinated Creditors in the proportions which their respective Exposures at the Enforcement Date bore to the aggregate Exposures of all the Senior Subordinated Credit...
Implementation of equalisation. The provisions of this Clause 20 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 20 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of revised Senior Exposures, Second Lien Exposures or Unsecured Notes Exposures (as applicable) and the Senior Secured Creditors, Second Lien Creditors or Unsecured Notes Creditors (as applicable) shall make appropriate adjustment payments amongst themselves.
Implementation of equalisation. (a) The provisions of this Clause 20 shall be applied at such time or times after the Enforcement Date as the Security SPV shall consider appropriate.
Implementation of equalisation. The provisions of this Clause 19 shall be applied at such time or times after the Enforcement Date as the Security Agent shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Clause 19 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-apply those provisions on the basis of: (a) revised Exposures and the relevant Senior Secured Creditors shall make appropriate adjustment payments amongst themselves; (b) revised Second Lien Exposures and the relevant Second Lien Creditors shall make appropriate adjustment payments amongst themselves; and (c) revised Senior Unsecured Exposures and the relevant Senior Unsecured Creditors shall make appropriate adjustment payments amongst themselves.
