Common use of Appropriation Clause in Contracts

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 17 contracts

Samples: Facility Agreement (Danaos Corp), Facility Agreement (Platinum Underwriters Holdings LTD), Facilities Agreement (ShangPharma Corp)

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Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities Debt and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 8 contracts

Samples: Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA), Facilities Agreement (Marine Harvest ASA)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 5 contracts

Samples: Assignment Agreement (Synnex Corp), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Secured Liabilities and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 4 contracts

Samples: Assignment Agreement (Gold Fields LTD), Facilities Agreement (Enstar Group LTD), Agreement (Coeur D Alene Mines Corp)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent or the Joint & Several Creditor (as the case may be) in or towards payment of any particular part of the Liabilities relevant liabilities and agrees that the Security Agent or the Joint & Several Creditor (as the case may be) shall have the exclusive right to do so.

Appears in 2 contracts

Samples: Agreement (Mechel OAO), Facility Agreement (Mechel OAO)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities liabilities and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 2 contracts

Samples: Facility Agreement (Avis Budget Group, Inc.), Facility Agreement (Avis Budget Group, Inc.)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Relevant Liabilities or Controlled Liabilities (as the case may be) and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 1 contract

Samples: Agreement (Anooraq Resources Corp)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities Principal Obligations and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 1 contract

Samples: Agreement (Melrose PLC)

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Appropriation. (a) 19.6.1 Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Relevant Liabilities or Controlled Liabilities (as the case may be) and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 1 contract

Samples: Global Intercreditor Agreement (Atlatsa Resources Corp)

Appropriation. (a) 11.1 Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities Debt and agrees that the Security Agent shall have the exclusive right to do so.

Appears in 1 contract

Samples: Intercreditor Agreement (Lyondell Chemical Co)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent Trustee in or towards payment of any particular part of the Liabilities and agrees that the Security Agent Trustee shall have the exclusive right to do so.

Appears in 1 contract

Samples: Facility Agreement (WNS (Holdings) LTD)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent Trustee in or towards payment of any particular part of the Liabilities Unpaid Sum and agrees that the Security Agent Trustee shall have the exclusive right to do so.

Appears in 1 contract

Samples: Agreement (Opto Circuits (India) LTD)

Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent Trustee in or towards payment of any particular part of the Secured Liabilities and agrees that the Security Agent Trustee shall have the exclusive right to do so.

Appears in 1 contract

Samples: Vantage Drilling CO

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