Common use of Contingencies Clause in Contracts

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.

Appears in 6 contracts

Samples: Security Agreement (Novelis South America Holdings LLC), Security Agreement (Novelis South America Holdings LLC), Security Agreement (Novelis Inc.)

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Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 5 contracts

Samples: Warp Technology Holdings Inc, Warp Technology Holdings Inc, Warp Technology Holdings Inc

Contingencies. If this the Security is enforced at a time when no amount is due under the Loan Documents Agreement but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 3 contracts

Samples: Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd., Shin Nippon Biomedical Laboratories, Ltd.

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 3 contracts

Samples: Security Agreement (GCL Silicon Technology Holdings Inc.), Security Agreement (GCL Silicon Technology Holdings Inc.), eHi Car Services LTD

Contingencies. If the Security created by this Security Debenture is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.

Appears in 3 contracts

Samples: Credit Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines, Inc.)

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the a Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount or any other account selected by it.

Appears in 2 contracts

Samples: www.clear-media.net, www.clear-media.net

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount or other account selected by it.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount or other account selected by it.

Appears in 1 contract

Samples: Subordination Agreement (Borqs Technologies, Inc.)

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Contingencies. If this Security is enforced at a time when no amount is due under the Loan Documents but at a time when amounts may or will become due, the Collateral Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 1 contract

Samples: Security Agreement (Mimecast LTD)

Contingencies. If this Security security is enforced at a time when no amount is due under the Loan Secured Debt Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any the recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

Contingencies. If this Security is enforced at a time when no amount is due under the Loan Finance Documents but at a time when amounts may or will become due, the Collateral Security Agent (or the a Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount or any account selected by it.

Appears in 1 contract

Samples: Diodes Inc /Del/

Contingencies. If this Security is enforced at a time when no amount is amounts are due under the Loan Documents but at a time when amounts may or will become so due, the Collateral Security Agent (or the Receiver) may pay the proceeds of any recoveries effected by it into such number of a suspense accounts as it considers appropriateaccount.

Appears in 1 contract

Samples: A Facilities Agreement (Great Wall Acquisition Corp)

Contingencies. If this the Transaction Security is enforced at a time when no amount is due under the Loan Debt Documents but at a time when amounts may or will become due, the Collateral Agent (or the a Receiver) may pay the proceeds of any recoveries effected by it into such number of suspense accounts as it considers appropriate.

Appears in 1 contract

Samples: Supplemental Security Agreement (Selina Hospitality PLC)

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