Common use of Proceeds of Realization Clause in Contracts

Proceeds of Realization. All moneys received by the Security Trustee and/or any Receiver arising from any such sale, letting, leasing, calling in, collection, dealing or other disposition under the powers conferred upon the Security Trustee and/or upon any Receiver, after the security hereby created has become enforceable, shall be held upon trust and applied in accordance with Clause 4.1 of the Security Trust Deed but so that if and for so long as the Chargor has any future or contingent liability to the Security Trustee, the Security Trustee may place and keep any such moneys to the credit of such interest bearing account or accounts, in such name or names, as the Security Trustee may deem fit, without obligation to apply the same as mentioned above until all such liability is ascertained and due, and the same shall form part of the Charged Assets.