Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 9 contracts
Samples: Indenture (Amc Entertainment Holdings, Inc.), Intercreditor Agreement, Intercreditor Agreement (B Communications LTD)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a the form other than in cash of Non-Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 6 contracts
Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC), Intercreditor Agreement (NAC Aviation 29 Designated Activity Co), Intercreditor Agreement (Global Ship Lease, Inc.)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the LiabilitiesLiabilities (other than as contemplated in paragraph (e)(ii)(A) of Clause 17.2 (Distressed Disposals)), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 6 contracts
Samples: Senior Facilities Agreement (Liberty Global PLC), Additional Facility Accession Deed (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC)
Non-Cash Distributions. If the Common Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities, including pursuant to any composition or creditors’ agreement.
Appears in 5 contracts
Samples: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Non-Cash Distributions. If the Security Agent or any other Secured Party Creditor receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 4 contracts
Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a the form other than in cash of Non- Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non- Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 4 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement
Non-Cash Distributions. If the Security Agent, Secondary Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the LiabilitiesDebt, the Liabilities Debt will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the LiabilitiesDebt.
Appears in 4 contracts
Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 4 contracts
Samples: Intercreditor Agreement (Tidewater Inc), Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a any distribution in a form other otherwise than in cash in respect of any of the LiabilitiesDebt, the Liabilities such distribution will not be reduced applied pursuant to Clause 14.1 (Order of Application) and reduce the relevant Debt until cash proceeds from realisation of such distribution have been received and applied by that distribution until and except to the extent that the realisation proceeds are actually applied towards the LiabilitiesSecurity Agent.
Appears in 3 contracts
Samples: Intercreditor Agreement, Amendment and Restatement Agreement, Intercreditor Agreement
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a the form other than in cash of Non- Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 3 contracts
Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement
Non-Cash Distributions. If the Security Agent Trustee or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 3 contracts
Samples: Project Facilities Agreement and Intercreditor Agreement (Pacific Drilling S.A.), Note Purchase Agreement (Luxfer Holdings PLC), Intercreditor Agreement (Kosmos Energy Ltd.)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a any distribution in a form other than in cash in respect of any of the LiabilitiesSecured Liability, the Secured Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Secured Liabilities.
SECTION 9 CHANGES TO PARTIES
Appears in 2 contracts
Samples: Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)
Non-Cash Distributions. If the Common Security Agent or any other Secured Party receives a distribution in a the form other than in cash of Non-Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 2 contracts
Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Oatly Group AB)
Non-Cash Distributions. If the Security Collateral Agent or any other Secured Party receives a distribution in a the form other than in cash of Non- Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 2 contracts
Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)
Non-Cash Distributions. If the Security Agent Trustee or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds of such non cash distribution are actually applied towards the Liabilities.
Appears in 2 contracts
Samples: Intercreditor Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)
Non-Cash Distributions. If the Security and Intercreditor Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the Liabilities, the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 2 contracts
Samples: Intercreditor and Security Sharing Agreement (Kosmos Energy Ltd.), Revolving Credit Facility Agreement (Kosmos Energy Ltd.)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a any distribution in a form other otherwise than in cash in respect of any of the LiabilitiesSecured Liability, the Secured Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Secured Liabilities.
Appears in 2 contracts
Samples: Term Loan Facility Agreement (GDS Holdings LTD), Term Loan Facility Agreement (GDS Holdings LTD)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a any distribution in a form other than in cash in respect of any of the LiabilitiesSecured Liability, the Secured Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Secured Liabilities.
Appears in 1 contract
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution Distribution in a form other than in cash in respect of any of the Liabilities, the such Liabilities will not be reduced by that distribution such Distribution until and except to the extent that the realisation realization proceeds are actually applied towards the relevant Liabilities.
Appears in 1 contract
Samples: Intercreditor Agreement (Home Inns & Hotels Management Inc.)
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a form other than in cash of Non-Cash Consideration in respect of any of the LiabilitiesLiabilities (other than any distribution of Non-Cash Recoveries), the Liabilities will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities.
Appears in 1 contract
Samples: Intercreditor Agreement
Non-Cash Distributions. If the Security Agent or any other Secured Party receives a distribution in a form other than in cash in respect of any of the LiabilitiesSecured Obligations, the Liabilities Secured Obligations will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the LiabilitiesSecured Obligations.
Appears in 1 contract
Samples: Borrowing Base Facility Agreement (Cobalt International Energy, Inc.)
