Portfolio Managers and Trade Creditors Reserve Sample Clauses

Portfolio Managers and Trade Creditors Reserve. 5.4.1. The Scheme shall not compromise the Portfolio ManagersCreditor Claims or the Trade Creditors’ Claims. Immediately upon the Indemnity Reserve being established and provided for pursuant to Clause 5.2, the JOLs shall establish the Portfolio Managers and Trade Creditors Reserve of such amount as the JOLs determine would be necessary to pay the Portfolio Managers’ Creditor Claims and Trade Creditors’ Claims, including any interest payable thereon, in full on the Pooling Date, prior to the pooling of such SPhinX Company’s assets in accordance with Clause 7 of the Scheme.
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