Common use of Suspense account Clause in Contracts

Suspense account. Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, the Security Trustee and any Secured Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf which, in the case of a Secured Party, shall include the Agent and the Security Trustee) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and the Guarantor shall not be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s liability under this Guarantee.

Suspense account. Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, the Security Trustee and any Secured Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf which, in the case of a Secured Party, shall include the Facility Agent and the Security Trustee) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and the Guarantor shall not be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any the Guarantor or on account of any the Guarantor’s 's liability under this Guarantee.

Suspense account. Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, the Security Trustee Agent and any Secured Creditor Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf which, in the case of a Secured Creditor Party, shall include the Agent and the Security TrusteeAgent) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and the Guarantor shall not be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s 's liability under this Guarantee.

Suspense account. Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, the Security Trustee and any Secured Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf which, in the case of a Secured Party, shall include the Agent and the Security Trustee) in respect of those amounts, or apply and enforce the same in such manner and order as it sees fit (whether against those amounts or otherwise) and the Guarantor shall not be entitled to the benefit of the same; and (b) hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s 's liability under this Guarantee.

Suspense account. Until all amounts which may be or become payable by the Obligors hereunder or under any of the Financing Documents or in connection with the Finance Documents herewith or therewith have been irrevocably paid and discharged in full, the Security Trustee and any Secured each Finance Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf whichbehalf) may: 18.7.1 refrain from applying or enforcing any other security, in the case of a Secured Party, shall include the Agent and the Security Trusteemoneys or rights held or received by that Finance Party (or any trustee or agent on its behalf) in respect of those amounts, such amounts or apply and enforce the same in such manner and order as it sees fit (whether against those such amounts or otherwise) and none of the Guarantor Guarantors shall not be entitled to the benefit of the same; and (b) 18.7.2 hold in an interest-bearing suspense account (subject to the accrual of interest thereon at market rates for the account of any Guarantor) any moneys received from any Guarantor or on account of any that Guarantor’s liability under this Guaranteehereunder.

Suspense account. Until all amounts which may be or become payable by the Obligors hereunder or under any of the Financing Documents or in connection with the Finance Documents herewith or therewith have been irrevocably paid and discharged in full, the Security Trustee and any Secured each Finance Party may: (a) refrain from applying or enforcing any other moneys, security or rights held or received by it (or any trustee or agent on its behalf whichbehalf) may: 19.7.1 refrain from applying or enforcing any other security, in the case of a Secured Party, shall include the Agent and the Security Trusteemoneys or rights held or received by that Finance Party (or any trustee or agent on its behalf) in respect of those amounts, such amounts or apply and enforce the same in such manner and order as it sees fit (whether against those such amounts or otherwise) and none of the Guarantor Guarantors shall not be entitled to the benefit of the same; and (b) 19.7.2 hold in an interest-bearing a suspense account (subject to the accrual of interest thereon at market rates for the account of any Guarantor) any moneys received from any Guarantor or on account of any that Guarantor’s 's liability under this Guaranteehereunder.