Common use of Realisation Accounts Clause in Contracts

Realisation Accounts. If the Collateral Agent enforces the Security (whether by appointment of a Receiver or otherwise), the Collateral Agent may open and maintain with such financial institutions as it thinks fit one or more realisation accounts and pay any moneys it holds or receives under or pursuant to this Assignment into any such realisation account pending the application of such moneys pursuant to Clause 11 (Application of Proceeds).

Realisation Accounts. If the Delegate Collateral Agent enforces the Security (whether by appointment of a Receiver or otherwise), the Delegate Collateral Agent may open and maintain with such financial institutions as it thinks fit one or more realisation accounts and pay any moneys it holds or receives under or pursuant to this Assignment Charge into any such realisation account pending the application of such moneys pursuant to Clause 11 12 (Application of Proceeds).