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, hold any amount of the Recoveries in a non 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 application under Clause 28.1 (Order of application) in respect of: (a) any sum payable to the Security Agent, any Receiver or any Delegate; and (b) any part of the Secured Liabilities, that the Security Agent reasonably considers, in each case, might become due or owing at any time in the future.

Prospective liabilities. Following enforcement of any of the Transaction Security the Security Agent may, in its discretion, hold any amount of the Recoveries in a non 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 application under Clause 28.1 (Order of application) in respect of: (a) any sum payable to the Security Agent, any Receiver or any Delegate; and (b) any part of the Secured Liabilities, that the Security Agent reasonably considers, in each case, might become due or owing at any time in the future.

Prospective liabilities. Following enforcement of any of the Transaction Security the Security Agent may, in its discretion, hold any amount of the Recoveries in a non 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 application under Clause 28.1 26.1 (Order of application) in respect of: (a) any sum payable to the Security Agent, any Receiver or any Delegate; and (b) any part of the Secured Liabilities, that the Security Agent reasonably considers, in each case, might become due or owing at any time in the future.