Common use of OTHER UTILISATIONS Clause in Contracts

OTHER UTILISATIONS. Subject as provided below all amounts standing to the credit of the Blocked Accounts from time to time following the deductions referred to in Clause 6.1(b) shall be applied as follows: (a) FIRST in payment of any fees, costs and expenses due from the Company to Burdale under the Finance Documents; (b) SECOND in payment of all Purchase Commission (or in making provision for Purchase Commission which will fall due for payment on the last Business Day of the current calendar month); (c) THIRD in or towards satisfaction of any other payment obligation of the Company under the Finance Documents; and (d) FOURTH to the Company by way of payment into such Other Account as the Company may specify to Burdale in writing from time to time. Notwithstanding the above, at all times following the occurrence of an Event of Default and whilst the same is continuing, amounts standing to the credit of the Blocked Accounts shall be applied to such of the liabilities of the Company under the Finance Documents and in such order as Burdale may in its absolute discretion determine.

OTHER UTILISATIONS. Subject as provided below all amounts standing to the credit of the Blocked Accounts from time to time following the deductions referred to in Clause 6.1(b6.l(b) shall be applied as follows: (a) FIRST first in payment of any fees, costs and expenses due from the Company to Burdale under the Finance Documents; (b) SECOND second in payment of all Purchase Commission (or in making provision for Purchase Commission which will fall due for payment on the last Business Day of the current calendar month); (c) THIRD third in or towards satisfaction of any other payment obligation of the Company under the Finance Documents; and (d) FOURTH fourth to the Company by way of payment into such Other Account as the Company may specify to Burdale in writing from time to time. Notwithstanding the above, at all times following the occurrence of an Event of Default and whilst the same is continuing, amounts standing to the credit of the Blocked Accounts shall be applied to such of the liabilities of the Company under the Finance Documents and in such order as Burdale may in its absolute discretion determine.