Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following acceleration in accordance with Clause 23.16 the Security Agent may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later application under clause 27.1 in respect of:

Appears in 1 contract

Samples: Assignment Agreement (American Realty Capital Global Trust, Inc.)

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Prospective liabilities. Following acceleration in accordance with Clause 23.16 the Security Agent may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later application under clause 27.1 Clause 30.1 (Order of application) in respect of:

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Prospective liabilities. Following acceleration in accordance with Clause 23.16 the Security Agent may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later application under clause 27.1 Clause 26.1 (Order of application) in respect of:

Appears in 1 contract

Samples: Facility Agreement (American Realty Capital Global Trust II, Inc.)

Prospective liabilities. Following acceleration in accordance with Clause 23.16 acceleration, the Security Agent may, in its discretion, hold any amount of the Recoveries in an interest interest-bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later application under clause 27.1 Clause β€Žβ€Ž29.1 (Order of application) in respect of:

Appears in 1 contract

Samples: Agreement (Cboe Global Markets, Inc.)

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Prospective liabilities. Following acceleration in accordance with Clause 23.16 acceleration, the Security Agent may, in its discretion, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest (if any) being credited to the relevant account) for later application under clause 27.1 Clause 36.1 (Order of application) in respect of:

Appears in 1 contract

Samples: Agreement (Danaos Corp)

Prospective liabilities. Following acceleration in accordance with Clause 23.16 acceleration, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any amount of the Recoveries in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) for later payment to the Facility Agent for application under clause 27.1 in accordance with Clause 35.5 (Application of receipts; partial payments) in respect of:;

Appears in 1 contract

Samples: Assignment Agreement (Ocean Rig UDW Inc.)

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