Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following a Distress Event, the Security Agent may, in its discretion (but is not obliged to), hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent (or itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors (the interest being credited to the relevant account) for later application under Clause 15.1 (Order of Application) in respect of:

Prospective liabilities. Following a Distress Event, Event the Security Agent may, in its discretion (but is not obliged to), hold any amount of the Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall think fit (the interest being credited to the relevant account) account for so long as the Security Agent shall think fit for later application under Clause 15.1 17.1 (Order of Applicationapplication) in respect of:

Prospective liabilities. Following a Distress Event, Event the Security Agent may, in its discretion (but is not obliged to), hold any amount of the Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall think fit (the interest being credited to the relevant account) for so long as the Security Agent shall think fit for later application under Clause 15.1 16.1 (Order of Applicationapplication) in respect of:

Prospective liabilities. Following a Distress Event, Event the Security Agent may, in its discretion (but is not obliged to), hold any amount of the Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall think fit (the interest being credited to the relevant account) for so long as the Security Agent shall think fit for later application under Clause 15.1 (Order of Applicationapplication) in respect of:

Prospective liabilities. Following a Distress Event, Event the Security Agent may, in its discretion (but is not obliged to), hold any amount of the Recoveries in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall think fit (the interest being credited to the relevant account) and for so long as the Security Agent shall think fit for later application under Clause 15.1 16.1 (Order of Applicationapplication) in respect of:

Prospective liabilities. Following a Distress Event, Event the Security Agent may, in its discretion (but is not obliged to)discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall think fit (the interest being credited to the relevant account) for later application under Clause 15.1 10.1 (Order of Application) in respect of:

Prospective liabilities. Following a Distress Event, the Security Agent may, in its discretion (but is not obliged to)discretion, hold any amount proceeds of the Recoveries in an interest bearing suspense or impersonal account(s) account in the name of the Security Agent with one of the Credit Facility Lenders or the Credit Facility Agent such financial institution (or including itself) and for so long as the Security Agent (in its sole discretion) deems appropriate until otherwise directed by the Majority Super Senior Creditors shall determine (the interest being credited to the relevant account) for later application under Clause 15.1 (Order of Application) Section 12.1 in respect of: