Application of retentions. Until an Event of Default occurs, the Agent shall on each due date for the payment of interest under this Agreement distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall, to the extent there are sufficient funds standing to the credit of the Retention Account, on each Repayment Date in respect of an Advance and on each due date for the payment of interest in respect of that Advance under this Agreement distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Account Bank shall on each Repayment Date and on each due date for the payment of interest under this Agreement pay to the Agent, for the Agent to distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals:
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Repayment Date and on each due date for the payment of interest under this Agreement or, as the case may be, the net amount which is payable by the Borrowers to the Swap Bank in respect of any Designated Transaction on the next due date for payment of such amount under the relevant Confirmation distribute to:
Application of retentions. (a) The Security Agent has sole signing rights in relation to the Retention Account.
Application of retentions. The Lender shall on each Repayment Date and on each due date for the payment of interest under this Agreement apply in accordance with Clause 15.1 so much of the balance on the Retention Account as equals:
Application of retentions. Until an Event of Default occurs and is continuing and in relation to each Advance, the Facility Agent shall, on each Repayment Date for that Advance and on each due date for the payment of interest under this Agreement in relation to that Advance, apply so much of the then balance on the applicable Retention Account as equals:
Application of retentions. 35.1 If, at the time that release to the vendor (but for this clause 35.1), any moneys are owing by the vendor to the purchaser pursuant to clause 25.7, then the vendor shall procure its solicitors to apply the relevant Retention (or Retentions, as the case may be) first in (or towards, as the case may be) payment of any moneys owing by the vendor to the purchaser pursuant to clause 25.7.
Application of retentions. Until an Event of Default or a Potential Event of Default occurs, the Agent shall on each Repayment Date in respect of a Tranche and on each due date for the payment of interest under this Agreement distribute to the Lenders in accordance with Clause 16.4 so much of the then balance on the Retention Account as equals: the Instalment due on that Repayment Date for that Tranche pursuant to Clause 8.1; or the amount of interest in respect of that Tranche payable on that interest payment date, in discharge of the Borrowers’ liability for that Instalment or that interest.
