Recovering Creditor’s rights. Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 (Effect of Insolvency Event) or Clause 13 (Turnover of receipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 (Application of proceeds).
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Samples: Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Recovering Creditor’s rights. Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 13 (Effect of Insolvency Event) or Clause 13 14 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor or Security Grantor and shall be applied by distributed to the Common Security Agent Agent, Agents, Arrangers and Primary Creditors (each a “Sharing Creditor”) in accordance with Clause 19 (Application the terms of proceeds)this Agreement.
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Samples: Additional Facility Accession Deed (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC)
Recovering Creditor’s rights. Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 13 (Effect of Insolvency Event) or Clause 13 14 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor or Security Grantor and shall be applied by distributed to the Common Security Agent Agent, Agents, Arrangers and Primary Creditors (each a “Sharing Creditor”) in accordance with Clause 19 (Application the terms of proceeds)this Agreement.
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