Mandatory Prepayment Accounts. (a) The Company shall ensure that Insurance Proceeds in respect of which the Company has made an election under paragraph (c) of Clause 14.3 (Application of mandatory prepayments) are paid into a Mandatory Prepayment Account as soon as reasonably practicable after receipt by a member of the Restricted Group.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Manchester United PLC), Intercreditor Agreement (Manchester United PLC)
Mandatory Prepayment Accounts. (a) The Company Parent shall ensure that (i) Disposal Proceeds and Insurance Proceeds in respect of which the Company has made an election under paragraph (c) of Clause 14.3 11.3 (Application of mandatory prepayments) are paid into a Mandatory Prepayment Account as soon as reasonably practicable possible after receipt by a member of the Restricted Group.
Appears in 2 contracts
Samples: South Texas Supply Company, Inc., South Texas Supply Company, Inc.
