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:

Appears in 1 contract

Samples: Intercreditor Agreement (InterXion Holding N.V.)

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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 Interest being credited to the relevant account) for later application under Clause 14.1 (Order of Application) clause 12.1 in respect of:

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

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:

Appears in 1 contract

Samples: Intercreditor Agreement (InterXion Holding N.V.)

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:

Appears in 1 contract

Samples: www.stanleygibbonsplc.com

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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:

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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