Common use of Implementation of equalisation Clause in Contracts

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. The provisions of this Clause 15 (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 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 exposures and the Senior Secured Creditors shall make appropriate adjustment payments amongst themselves.

Implementation of equalisation. The provisions of this Clause 15 16 (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 15 16 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 Super Senior Credit Participations and the Super 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-re- apply those provisions on the basis of revised Senior Exposures or Second Lien Exposures and the Senior Secured Primary Creditors shall make appropriate adjustment payments amongst themselves.

Implementation of equalisation. (a) The provisions of this Clause 15 16 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 15 16 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.