Common use of Investment of Proceeds Clause in Contracts

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.2.

Appears in 5 contracts

Samples: Assignment Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.)

AutoNDA by SimpleDocs

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 31.29 (Order of Applicationapplication) the Security Agent may, at its discretion, hold all or part of those proceeds in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.231.29 (Order of application).

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 clause 31.29 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent or Agent with any financial institution Acceptable Bank (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.2clause 31.29 (Order of Application).

Appears in 3 contracts

Samples: And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 28.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.228.

Appears in 2 contracts

Samples: Agreement (Aluminum Corp of China), Agreement (Aluminum Corp of China)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security Charged Property in accordance with Clause 31.1 clause 28.1 (Order of Application) ), the Security Agent may, at in its discretion, hold all or part of those proceeds in an interest interest-bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any such financial institution (including itself) and for so long as the Security Agent thinks shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at in the Security Agent’s discretion in accordance with the provisions of this Clause 31.2clause 28.

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 33.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.233.

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (Alliance Data Systems Corp)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security Property in accordance with Clause 31.1 14.1 (Order of Application) the Security Agent may, at in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any such financial institution (including itself) and for so long as the Security Agent thinks shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at in the Security Agent’s discretion in accordance with the provisions of this Clause 31.214.

Appears in 2 contracts

Samples: Intercreditor Agreement (Sappi LTD), Intercreditor Agreement (Sappi LTD)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 clause 34.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Facility Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.2clause 34.

Appears in 1 contract

Samples: Agreement (SunOpta Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 ‎28.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Facility Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.2‎28.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Visteon Corp)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 29.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Facility Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.229.

Appears in 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 33.1 (Order of Application) the Security Agent may, at its discretion, hold all or part party of those proceeds in an one or more interest bearing suspense or impersonal account(s) segregated trust accounts in New York in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.233.1 (Order of Application).

Appears in 1 contract

Samples: Facility Agreement (Cobalt International Energy, Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 7.31 (Order Application of Applicationproceeds) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest one or more profit bearing suspense or impersonal account(s) accounts in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.27.31 (Application of proceeds).

Appears in 1 contract

Samples: Investment Agency Agreement (Brooge Holdings LTD)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security Property in accordance with Clause 31.1 clause 35.1 (Order of Application) ), the Security Agent may, at in its discretion, hold all or part of those proceeds in an interest interest-bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any such financial institution (including itself) and for so long as the Security Agent thinks shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies at in the Security Agent’s discretion in accordance with the provisions of this Clause 31.2clause 35.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

AutoNDA by SimpleDocs

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 33.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Facility Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.233.

Appears in 1 contract

Samples: Multipurpose Facilities Agreement (SunOpta Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 32.1 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Facility Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.232.

Appears in 1 contract

Samples: Secured Facility Agreement (SBS Broadcasting S A)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 clause 31.29 (Order of Application) the Security Agent may, at its discretion, hold all or part of those proceeds in an one or more interest bearing (if any) suspense or impersonal account(s) in the name of the Security Agent or Agent accounts with any financial institution Acceptable Bank (including itself) and for so long as the Security Agent thinks fit (the interest (if any) being credited to the relevant account) pending the application from time to time of those monies at 155 the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.2clause 31.29 (Order of Application).

Appears in 1 contract

Samples: Agreement (Aegean Marine Petroleum Network Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 (Order of Application) and subject to the terms of the Security Documents, the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s 's discretion in accordance with the provisions of this Clause 31.231.

Appears in 1 contract

Samples: Central European Media Enterprises LTD

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 23.29 (Order of Applicationapplication) the Security Agent may, at its discretion, hold all or part of those proceeds in an one or more interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.223.29 (Order of application).

Appears in 1 contract

Samples: Facility Agreement (Ozon Holdings PLC)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 29.1 (Order of Applicationapplication) the Security Agent may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent or the Paying Agent with any such financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.229.2.

Appears in 1 contract

Samples: Facility Agreement (Spansion Inc.)

Investment of Proceeds. Prior to the application of the proceeds of the Transaction Security in accordance with Clause 31.1 10.31 (Order Application of Applicationproceeds) the Security Agent may, at its discretion, hold all or part of those proceeds in an one or more non-interest bearing suspense or impersonal account(s) accounts in the name of the Security Agent or Agent with any financial institution (including itself) and for so long as the Security Agent thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Agent’s discretion in accordance with the provisions of this Clause 31.210.31 (Application of proceeds).

Appears in 1 contract

Samples: Brooge Holdings LTD

Time is Money Join Law Insider Premium to draft better contracts faster.