Common use of Implementation of equalisation Clause in Contracts

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.

Appears in 5 contracts

Samples: Additional Facility T Accession Deed (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC), Additional Facility Accession Deed (Liberty Global PLC)

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Implementation of equalisation. The provisions of this Clause ‎19 (Equalisation) 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 ‎19 (Equalisation) 17 have been applied before all the Liabilities have matured and/or been finally quantified, the Security Agent may elect to re-re- apply those provisions on the basis of revised Exposures and the Senior Secured External Creditors shall make appropriate adjustment payments amongst themselves.

Appears in 1 contract

Samples: Intercreditor Agreement

Implementation of equalisation. The provisions of this Clause ‎19 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 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.. 84894163_20

Appears in 1 contract

Samples: Senior Facilities Agreement (Liberty Global PLC)

Implementation of equalisation. (a) The provisions of this Clause ‎19 (Equalisation) 17 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 the preceding sentenceparagraph (a) above, if the provisions of this Clause ‎19 (Equalisation) 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 Senior Secured Creditors shall make appropriate adjustment payments amongst themselves.

Appears in 1 contract

Samples: Intercreditor Agreement

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Implementation of equalisation. (a) The provisions of this Clause ‎19 (Equalisation) 18 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 the preceding sentenceparagraph (a) above, if the provisions of this Clause ‎19 (Equalisation) 18 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 relevant Creditors shall make appropriate adjustment payments amongst themselves.

Appears in 1 contract

Samples: Intercreditor Agreement

Implementation of equalisation. (a) The provisions of this Clause ‎19 (Equalisation) 17 shall be applied at such time or times after the Enforcement Date as the Senior Security Agent shall consider appropriate. . (b) Without prejudice to the generality of the preceding sentenceparagraph (a) above, if the provisions of this Clause ‎19 (Equalisation) 17 have been applied before all the Liabilities have matured and/or been finally quantified, the Senior Security Agent may elect to re-apply re‑apply those provisions on the basis of revised Exposures and the Senior Secured Facility Creditors shall make appropriate adjustment payments amongst themselves.

Appears in 1 contract

Samples: Intercreditor Agreement (Globalstar, Inc.)

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