Common use of Turnover of Non-Cash Consideration Clause in Contracts

Turnover of Non-Cash Consideration. (a) For the purposes of this Clause 9, if any Creditor receives or recovers any amount or distribution in the form of Non-Cash Consideration which is subject to Clause 10.1 (Turnover by the Primary Creditors in respect of the Shared Transaction Security) the cash value of that Non-Cash Consideration shall be determined in accordance with paragraph (b) below. (b) The cash value of any Non-Cash Recoveries shall be determined by reference to a valuation obtained by the Security Agent from a Financial Adviser appointed by the Security Agent pursuant to Clause 14.5 (Appointment of Financial Adviser) taking into account any notional conversion made pursuant to Clause 16.6(Currency conversion).

Turnover of Non-Cash Consideration. (a) For the purposes of this Clause 910, if any Creditor receives or recovers any amount or distribution in the form of Non-Cash Consideration which is subject to Clause 10.1 (Turnover by the Primary Creditors in respect of the Shared Transaction Security) the cash value of that Non-Cash Consideration shall be determined in accordance with paragraph (b) below. (b) The cash value of any Non-Cash Recoveries shall be determined by reference to a valuation obtained by the Security Agent from a Financial Adviser appointed by the Security Agent pursuant to Clause 14.5 (Appointment of Financial Adviser) taking into account any notional conversion made pursuant to Clause 16.6(Currency 16.6 (Currency conversion).