Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 (Effect of Insolvency Event) or Clause 13 (Turnover of receipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 (Application of proceeds).
Appears in 5 contracts
Samples: Intercreditor Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 13 (Effect of Insolvency Event) or Clause 13 14 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor or Security Grantor and shall be applied by distributed to the Common Security Agent Agent, Agents, Arrangers and Primary Creditors (each a “Sharing Creditor”) in accordance with Clause 19 (Application the terms of proceeds)this Agreement.
Appears in 4 contracts
Samples: Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 10 (Effect of Insolvency Event) or Clause 13 11 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by distributed to the Common Security Agent Agent, the Creditor Representatives, the Arrangers and the Primary Creditors (each a “Sharing Creditor”) in accordance with Clause 19 (Application the terms of proceeds)this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent SPV under Clause 12 10 (Effect of Insolvency Event) or Clause 13 11 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent SPV in accordance with Clause 19 (Application of proceedsProceeds).
Appears in 1 contract
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 7 (Effect of Insolvency Event) or Clause 13 8 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 15 (Application of proceedsProceeds).
Appears in 1 contract
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 10 (Effect of Insolvency Event) or Clause 13 11 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 17 (Application of proceedsProceeds).
Appears in 1 contract
Samples: Agreement
Recovering Creditor’s rights. (a) Any amount paid or distributed by a Creditor (a “Recovering Creditor”) to the Common Security Agent under Clause 12 (Effect of Insolvency Event) or Clause 13 10 (Turnover of receiptsReceipts) shall be treated as having been paid or distributed by the relevant Debtor and shall be applied by the Common Security Agent in accordance with Clause 19 16 (Application of proceedsProceeds).
Appears in 1 contract
Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC)