Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following acceleration of any Security Interest, the Security Trustee may, in its discretion, or at the request of the Agent, hold any recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later payment to the Agent for application in accordance with Clause 19 (Application of Sums Received) in respect of:

Prospective liabilities. Following acceleration enforcement of any Security Interestof the Collateral, the Security Trustee may, in its discretion, or at the request of the Facility Agent, hold any recoveries Recoveries in an interest bearing a suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application in accordance with Clause 19 (Application of Sums Received) in respect payment of:

Prospective liabilities. Following acceleration of any Security Interest, the The Security Trustee may, in its discretion, or at the request hold any amount of the Agent, hold any recoveries Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee with such financial institution (including itself) and for so long as the Security Trustee shall think fit (the interest being credited to the relevant account) for later payment to the Agent for application in accordance with Clause 19 under clause 10.1 (Application Order of Sums Receivedapplication) in respect of: