Mandatory Prepayment Accounts. (a) The Company shall ensure that amounts in respect of which the Company has made an election under paragraph (c) of Clause 10.4 (Application of mandatory prepayments) are paid into a Mandatory Prepayment Account, in the case of all such amounts other than pursuant to Clause 25.21 (Notes Purchases), as soon as reasonably practicable after receipt by a member of the Restricted Group and, in the case of amounts pursuant to Clause 25.21 (Notes Purchases), on or prior to the Notes Purchase in relation to which the relevant prepayment is required.
Appears in 6 contracts
Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)
