Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the discretion of the Security Trustee in accordance with the provisions of this Clause 32.
Appears in 4 contracts
Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 29.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s discretion of the Security Trustee in accordance with the provisions of this Clause 3229.
Appears in 2 contracts
Samples: Agreement (Montpelier Re Holdings LTD), Agreement (Montpelier Re Holdings LTD)
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 33.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee’s discretion of the Security Trustee in accordance with the provisions of this Clause 3233.
Appears in 2 contracts
Samples: Agreement (Validus Holdings LTD), Agreement (Validus Holdings LTD)
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 33.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee's discretion of the Security Trustee in accordance with the provisions of this Clause 3233.
Appears in 1 contract
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee's discretion of the Security Trustee in accordance with the provisions of this Clause 32.
Appears in 1 contract
Samples: Validus Holdings LTD
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 34.1 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee's discretion of the Security Trustee in accordance with the provisions of this Clause 3234.
Appears in 1 contract
Samples: Agreement (Solutia Inc)
Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 32.1 27.28 (Order of Application) the Security Trustee may, at its (or their) discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Trustee or the Agent with any such financial institution (including itself) and for so long as the Security Trustee think(s) thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee's discretion of the Security Trustee in accordance with the provisions of this Clause 32Clause.
Appears in 1 contract
Samples: Agreement (Marconi Corp PLC)