Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities and agrees that the Security Agent shall have the exclusive right to do so. (b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 16 contracts
Sources: Facility Agreement (Danaos Corp), Facility Agreement (Platinum Underwriters Holdings LTD), Term and Revolving Facilities Agreement (ShangPharma Corp)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 5 contracts
Sources: Facility Agreement (Synnex Corp), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Secured Liabilities and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph Sub-paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 2 contracts
Sources: Facilities Agreement (Enstar Group LTD), Term Facility Agreement (Coeur D Alene Mines Corp)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Secured Liabilities and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 2 contracts
Sources: Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD), Term Facility Agreement (Coeur D Alene Mines Corp)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities Principal Obligations and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Sources: Senior Term and Revolving Facilities Agreement (Melrose PLC)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent Trustee in or towards payment of any particular part of the Liabilities Unpaid Sum and agrees that the Security Agent Trustee shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities liabilities and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Sources: Fleet Financing Facility Agreement (Avis Budget Group, Inc.)
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent Trustee in or towards payment of any particular part of the Liabilities and agrees that the Security Agent Trustee shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Liabilities Debt and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent or the Joint & Several Creditor (as the case may be) in or towards payment of any particular part of the Liabilities relevant liabilities and agrees that the Security Agent or the Joint & Several Creditor (as the case may be) shall have the exclusive right to do so.
(b) Paragraph (a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Appropriation. (a) Each Party irrevocably waives any right to appropriate any payment to, or other sum received, recovered or held by, the Security Agent in or towards payment of any particular part of the Relevant Liabilities or Controlled Liabilities (as the case may be) and agrees that the Security Agent shall have the exclusive right to do so.
(b) Paragraph (aClause 23.6(a) above will override any application made or purported to be made by any other person.
Appears in 1 contract
Sources: Global Intercreditor Agreement (Anooraq Resources Corp)