Common use of Turnover by the Primary Creditors Clause in Contracts

Turnover by the Primary Creditors. Subject to Clause 13.4 (Exclusions) and to Clause 13.5 (Permitted assurance and receipts), if at any time prior to the Final Discharge Date any Primary Creditor receives or recovers any Enforcement Proceeds or any Pari Passu Creditor receives or recovers any amount in respect of any Guarantee Liabilities (whether before or after an Insolvency Event) in each case except in accordance with Clause 19 (Application of proceeds), that Primary Creditor will:

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)

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Turnover by the Primary Creditors. Subject to Clause 13.4 11.4 (Exclusions) and to Clause 13.5 11.5 (Permitted assurance and receipts), if at any time prior to the Final Discharge Date Date, any Primary Creditor receives or recovers any Enforcement Proceeds or any Pari Passu Creditor receives or recovers any amount in respect of any Guarantee Liabilities (whether before or after an Insolvency Event) in each case except in accordance with Clause 19 17 (Application of proceedsProceeds), that Primary Creditor will:

Appears in 1 contract

Samples: Agreement

Turnover by the Primary Creditors. Subject to Clause 13.4 ‎11.3 (Exclusions) and to Clause 13.5 11.5 (Permitted assurance and receipts), if at any time prior to the Final Discharge Date Date, any Primary Creditor receives or recovers any Enforcement Proceeds or any Pari Passu Creditor receives or recovers any amount in respect of any Guarantee Liabilities (whether before or after an Insolvency Event) in each case except in accordance with Clause 19 17 (Application of proceedsProceeds), that Primary Creditor will:

Appears in 1 contract

Samples: Intercreditor Agreement (Ferroglobe PLC)

Turnover by the Primary Creditors. Subject to Clause 13.4 8.4 (Exclusions) and to Clause 13.5 8.5 (Permitted assurance and receipts), if at any time prior to the Final Discharge Date Date, any Primary Creditor receives or recovers any Enforcement Proceeds or any Pari Passu Creditor receives or recovers any amount in respect of any Guarantee Liabilities (whether before or after an Insolvency Event) in each case except in accordance with Clause 19 15 (Application of proceedsProceeds), that Primary Creditor will:

Appears in 1 contract

Samples: Intercreditor Agreement (Global Ship Lease, Inc.)

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Turnover by the Primary Creditors. Subject to Clause 13.4 9.4 (Exclusions) and to Clause 13.5 9.5 (Permitted assurance and receipts), if at any time prior to the Final Discharge Date Date, any Primary Creditor receives or recovers any Enforcement Proceeds or any Pari Passu Creditor receives or recovers any amount in respect of any Guarantee Liabilities (whether before or after an Insolvency Event) in each case except in accordance with Clause 19 16 (Application of proceedsProceeds), that Primary Creditor will:

Appears in 1 contract

Samples: Intercreditor Agreement (Global Ship Lease, Inc.)

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