Common use of Investment of Proceeds Clause in Contracts

Investment of Proceeds. Prior to the application of the proceeds of the Trust Property in accordance with Clause 13.1 (Order of application) the Security Trustee may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s discretion in accordance with the provisions of this Clause 13.2.

Appears in 2 contracts

Samples: Intercreditor Deed (Fx Energy Inc), Intercreditor Deed (Fx Energy Inc)

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Investment of Proceeds. Prior to the application of the proceeds of the Trust Security Property in accordance with Clause 13.1 15.1 (Order of applicationApplication) the Security Trustee may, at in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (or until otherwise directed by an Instructing Group), the interest being credited to the relevant account) , pending the application from time to time of those monies at in the Security Trustee’s discretion in accordance with the provisions of this Clause 13.215.

Appears in 1 contract

Samples: Intercreditor Agreement (InterXion Holding N.V.)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Security Property in accordance with Clause 13.1 11.1 (Order of applicationApplication) the Security Trustee may, at in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at in the Security Trustee’s discretion in accordance with the provisions of this Clause 13.211.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Property in accordance with Clause 13.1 (Order of application) the Security Trustee Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee Agent or the of an Agent with such financial institution (including itself) and for so long as the Security Trustee Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security TrusteeAgent’s discretion in accordance with the provisions of this Clause 13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (Aluminum Corp of China)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Property in accordance with Clause 13.1 9.1 (Order of applicationApplication) the Security Trustee may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such a financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s discretion in accordance with the provisions of this Clause 13.29 (Application of Proceeds).

Appears in 1 contract

Samples: First Priority Share Mortgage (China Time Share Media Co. LTD)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Property in accordance with Clause 13.1 9.1 (Order of applicationApplication) the Security Trustee may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such a financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s 's discretion in accordance with the provisions of this Clause 13.29 (Application of Proceeds).

Appears in 1 contract

Samples: First Priority Share Mortgage (WSP Holdings LTD)

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Investment of Proceeds. Prior to the application of the proceeds of the Trust Security Property in accordance with Clause 13.1 (Order of application) clause 12.1 the Security Trustee may, at in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at in the Security Trustee’s discretion in accordance with the provisions of this Clause 13.2clause 12.

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Property in accordance with Clause 13.1 (Order of application) the Security Trustee may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s 's discretion in accordance with the provisions of this Clause 13.2.

Appears in 1 contract

Samples: Intercreditor Deed (Fx Energy Inc)

Investment of Proceeds. Prior to the application of the proceeds of the Trust Security Property in accordance with Clause 13.1 14.1 (Order of applicationApplication) the Security Trustee may, at in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with such financial institution (including itself) and for so long as the Security Trustee shall think fit (or until otherwise directed by an Instructing Group), the interest being credited to the relevant account) , pending the application from time to time of those monies at in the Security Trustee’s discretion in accordance with the provisions of this Clause 13.214.

Appears in 1 contract

Samples: Intercreditor Agreement (InterXion Holding N.V.)

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