Common use of On each Interest Payment Date the Security Clause in Contracts

On each Interest Payment Date the Security. Trustee shall (and is irrevocably authorised by the Borrower to) instruct the Account Bank to apply all amounts (if any) standing to the credit of the Borrower Sales Proceeds Account by way of prepayment of the Loan (and any amounts payable on such prepayment pursuant to Clause 7.9 (Restrictions).