Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-off relating to a Multi-account Overdraft Facility (to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency Event, each Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 13.7 (Security Agent instructions)), on its behalf, to:
Appears in 5 contracts
Samples: Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-off relating to a Multi-account Overdraft Facility (to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount), until the Secured Debt Discharge Date, after the occurrence of an Insolvency Event, Event each Subordinated Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 13.7 10.7 (Security Agent instructions)), on its behalf, to:
Appears in 2 contracts
Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-set off relating to a Multi-account Multi Account Overdraft Facility (to the extent that the netting or set-set off represents a reduction from a Permitted Gross Amount of that Multi-account Multi Account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency EventEvent in relation to a Debtor or any grantor of Transaction Security, each Creditor irrevocably authorises the Security Agent Trustee (acting in accordance with Clause 13.7 9.7 (Security Agent Trustee instructions)), on its behalf, to:
Appears in 1 contract
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-set off relating to a Multi-Multi account Overdraft Facility (to the extent that the netting or set-set off represents a reduction from a Permitted Gross Amount of that Multi-Multi account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency EventEvent in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent Trustee (acting in accordance with Clause 13.7 (Security Agent instructions)clause 7.7), on its behalf, to:
Appears in 1 contract
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-set off relating to a Multi-account Multi Account Overdraft Facility (to the extent that the netting or set-set off represents a reduction from a Permitted Gross Amount of that Multi-account Multi Account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency EventEvent in relation to a Debtor or any grantor of Transaction Security, each Creditor irrevocably authorises the Security Agent Trustee (acting in accordance with Clause 13.7 10.7 (Security Agent Trustee instructions)), on its behalf, to:
Appears in 1 contract
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-off relating to a Multi-account Overdraft Facility (to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency Event, each Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 13.7 13.7 (Security Agent instructions)), on its behalf, to:
Appears in 1 contract
Filing of Claims. Without prejudice to any Ancillary Facility Lender’s right of netting or set-off relating to a Multi-account Overdraft Facility (to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount), after the occurrence of an Insolvency EventEvent in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent (acting in accordance with Clause 13.7 9.7 (Security Agent instructions)), on its behalf, to:
Appears in 1 contract
Samples: Intercreditor Agreement