SUBSEQUENT SECURITY INTERESTS. If the Security Trustee (acting in its capacity as trustee or otherwise) or any of the other Secured Creditors at any time receives or is deemed to have received notice of any subsequent Security affecting all or any part of the Charged Portfolio or any assignment or transfer of the Charged Portfolio which is prohibited by the terms of this Shares Charge or the Indentures, all payments thereafter by or on behalf of the Chargor to or on behalf of the Security Trustee (whether in its capacity as trustee or otherwise) or any of the other Secured Creditors shall be treated as having been credited to a new account of the Chargor and not as having been applied in reduction of the Secured Obligations as at the time when the Security Trustee received such notice.
SUBSEQUENT SECURITY INTERESTS. If the Security Agent (acting in its capacity as security trustee or otherwise) or any of the other Secured Parties at any time receives or is deemed to have received notice of any subsequent security affecting all or any part of the Charged Portfolio or any assignment or transfer of the Charged Portfolio which is prohibited by the terms of this Agreement or the Credit Agreement, all payments thereafter by or on behalf of the Chargor to the Security Agent (whether in its capacity as security trustee or otherwise) or any of the other Secured Parties shall be treated as having been credited to a new account of the Chargor and not as having been applied in reduction of the Secured Obligations as at the time when the Security Agent received such notice.
SUBSEQUENT SECURITY INTERESTS. At any time following:
SUBSEQUENT SECURITY INTERESTS. If the Security Agent (acting in its capacity as security trustee or otherwise) or any of the other Secured Parties at any time receives or is deemed to have received notice of any subsequent security affecting all or any part of the Charged Property or any assignment or transfer of the Charged Property which is prohibited by the terms of this Debenture or the Credit Agreement, all payments thereafter by or on behalf of any Company to the Security Agent (whether in its capacity as security trustee or otherwise) or any of the other Secured Parties shall be treated as having been credited to a new account of such Company and not as having been applied in reduction of the Secured Obligations as at the time when the Security Agent received such notice.
SUBSEQUENT SECURITY INTERESTS. 17.1 If the Mortgagee at any time receives or is deemed to have received notice of any subsequent Security Interest affecting all or any part of the Mortgaged Property or any assignment or transfer of the Mortgaged Property which is prohibited by the terms of this Mortgage, all payments thereafter by or on behalf of the Mortgagor to the Mortgagee shall be treated as having been credited to a new account of the Mortgagor and not as having been applied in reduction of the Secured Obligations as at the time when the Mortgagee received such notice.
SUBSEQUENT SECURITY INTERESTS. 12 14. ASSIGNMENT............................................................... 12 15. NOTICES.................................................................. 12 16.
SUBSEQUENT SECURITY INTERESTS. If the Issuer or the Bond Trustee (acting in its capacity as trustee or otherwise) or any of the other Borrower Secured Creditors at any time receives or is deemed to have received notice of any subsequent Security Interest affecting all or any part of the Charged Property or any assignment, assignation, conveyance or transfer of the Charged Property which is prohibited by the terms of this Agreement or any other Transaction Document, all payments thereafter by or on behalf of the relevant Obligor to the Issuer or the Bond Trustee (as its assignee) or any of the other Borrower Secured Creditors shall be treated as having been credited to a new account of such Obligor. If the Issuer or the Bond Trustee (as the case may be) does not open a new account it shall nevertheless be treated as if it had done so at the time when it received or was deemed to have received notice and, as from that time, all payments made to the Issuer or the Bond Trustee shall be credited or be treated as having been credited to the new account and not as having been applied in reduction of the OFCA Secured Liabilities as at the time when the Issuer or the Bond Trustee received such notice.
SUBSEQUENT SECURITY INTERESTS. If the Interim Security Agent (acting in its capacity as Interim Security Agent or otherwise) or any of the other Interim Finance Parties at any time receives or is deemed to have received notice of any subsequent Security affecting all or any part of the Charged Property or any assignment or transfer of the Charged Property which is prohibited by the terms of this Security Agreement or any other Interim Document, all payments thereafter by or on behalf of any Chargor to the Interim Security Agent (whether in its capacity as Interim Security Agent or otherwise) or any of the other Interim Finance Parties shall be treated as having been credited to a new account of that Xxxxxxx and not as having been applied in reduction of the Secured Obligations as at the time when the Interim Security Agent received such notice.
SUBSEQUENT SECURITY INTERESTS. If the Lender receives, or is deemed to be affected by, notice whether actual or constructive of any subsequent Security Asset or other interest affecting the Security Assets, it may open a new account for the relevant Chargor in its books. If the Lender does not open a new account, it shall nevertheless be treated as if it had done so at the time it received or was deemed to be affected by such notice. Unless the Lender gives express written notice to the contrary to the Chargors, all payments made by the relevant Chargor to the Lender will, as from that time, be treated as having been credited to a new account of the relevant Chargor and not as having been applied in reduction of the Secured Liabilities.
SUBSEQUENT SECURITY INTERESTS. 18.1 If the Security Agent or any other Secured Party at any time receives or is deemed to have received notice of any subsequent Security Interest affecting all or any part of the Mortgaged Shares or any assignment or transfer of the Mortgaged Shares which is prohibited by the terms of this Mortgage, all payments thereafter by or on behalf of the Mortgagor to the Security Agent or any other Secured Party shall be treated as having been credited to a new account of the Mortgagor and not as having been applied in reduction of the Secured Obligations as at the time when the Security Agent or any other Secured Party received such notice.
