Common use of Prospective liabilities Clause in Contracts

Prospective liabilities. Following acceleration, the Security Agent may, in its discretion, or at the request of the Facility Agent, hold any 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 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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Prospective liabilities. Following acceleration, acceleration the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any 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 in accordance with under Clause 35.5 30.1 (Application Order of receipts; partial paymentsapplication) in respect of;:

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Prospective liabilities. Following acceleration, acceleration in accordance with Clause 23.16 the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any 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 in accordance with Clause 35.5 (Application of receipts; partial payments) under clause 27.1 in respect of;:

Appears in 1 contract

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

Prospective liabilities. Following acceleration, the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any 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 payment to the Facility Agent for application in accordance with under Clause 35.5 β€Žβ€Ž29.1 (Application Order of receipts; partial paymentsapplication) in respect of;:

Appears in 1 contract

Samples: Agreement (Cboe Global Markets, Inc.)

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Prospective liabilities. Following acceleration, acceleration the Security Agent may, in its discretion, or at the request hold any amount of the Facility Agent, hold any 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 in accordance with under Clause 35.5 26.1 (Application Order of receipts; partial paymentsapplication) in respect of;:

Appears in 1 contract

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

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