Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following a Distress Event the Security Trustee may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later application under Clause 14.1 (Order of Application) in respect of: (a) any sum to any Security Trustee, any Receiver or any Delegate; and (b) any part of the Liabilities, that the Security Trustee reasonably considers, in each case, might become due or owing at any time in the future.

Prospective liabilities. Following a Distress Event the The Security Trustee may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later application under Clause 14.1 clause 10.1 (Order of Applicationapplication) in respect of: (a) any sum owing to any the Security Trustee, any Receiver Trustee or any DelegateReceiver; and (b) any part of the Secured Liabilities, that the Security Trustee reasonably considers, in each case, might become due or owing at any time in the future.

Prospective liabilities. Following a Distress Event the Security Trustee may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later application under Clause 14.1 11.1 (Order of Application) in respect of: (a) any sum to any Security Trustee, any Receiver or any Delegate; and (b) any part of the Liabilities or the Agent Liabilities, that the Security Trustee reasonably considers, in each case, might become due or owing at any time in the future.

Prospective liabilities. Following a Distress Event the Security Trustee may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later application under Clause 14.1 15.1 (Order of Application) in respect of: (a) any sum to any Security Trustee, any Receiver or any Delegate; and (b) any part of the Liabilities, that the Security Trustee reasonably considers, in each case, might become due or owing at any time in the future.