Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of:

Appears in 3 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Taylor Maritime Investments LTD)

AutoNDA by SimpleDocs

Prospective liabilities. Following enforcement of any of the Transaction Security, the The Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 under clause 28.1 (Application Order of receiptsApplication) in respect of:of any amount that the Security Agent reasonably considers might become due or owing to a Secured Party at any time in the future.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.)

Prospective liabilities. Following enforcement of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 (Application of receipts) in respect of: (a) any sum to the Security Agent, any Receiver or any Delegate; and

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Prospective liabilities. Following After enforcement of any of security created by the Transaction SecuritySecurity Documents, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with such any financial institution (including itselfitself or any other Finance Party) and for so long as the Security Agent shall think thinks fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with under Clause 30.28 34.1 (Application Order of receiptsApplication) in respect of:

Appears in 1 contract

Samples: Amendment and Restatement Agreement (IHS Holding LTD)

AutoNDA by SimpleDocs

Prospective liabilities. Following enforcement of any of the Transaction Securityacceleration, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 33.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

Prospective liabilities. Following enforcement acceleration of any of the Transaction Security, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 30.28 39.5 (Application of receipts; partial payments) in respect of:

Appears in 1 contract

Samples: Loan Agreement (Ardmore Shipping Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!