Common use of FIFTHLY Clause in Contracts

FIFTHLY. in retention of an amount equal to any amount not then due and payable under any Finance Document but which the Agent, by notice to the Borrower, the Security Parties and the other Creditor Parties, states in its opinion will or may become due and payable in the future and, upon those amounts becoming due and payable, in or towards satisfaction of them in accordance with the provisions of Clause 17.1(a), 17.1(b), 17.1(c) and 17.1(d); and

Appears in 2 contracts

Sources: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)