Common use of Prepayments during Interest Periods Clause in Contracts

Prepayments during Interest Periods. Subject to the other provisions of this agreement, any amount required to be applied in prepayment of the Facilities under clauses 12.4 (Asset disposals), 12.5 (Insurance claims), 12.6 (Excess Cashflow) or 12.7 (Report claims) during an Interest Period for that Advance will be paid by the relevant Borrower into a Cash Collateral Account and applied (together with any relevant accrued interest) against that Advance on the expiry of that Interest Period.

Prepayments during Interest Periods. Subject to the other provisions of this agreement, any if an amount is required to be applied in prepayment of the Facilities under clauses pursuant to clause 12.3 (Asset Disposals), 12.4 (Asset disposalsWarranty Claims), 12.5 (Insurance claimsClaims), 12.6 (Excess CashflowReport Claims) or 12.7 (Report claimsExcess Cashflow) during otherwise than on the last day of an Interest Period for that Advance will be paid by in relation to an Advance, the relevant Borrower shall be entitled to pay such amount into a Cash Collateral Account and applied pending its application (together with any relevant accrued interest) against that Advance on the expiry of that Interest Period.

Prepayments during Interest Periods. Subject to the other provisions of this agreement, any amount required to be applied in prepayment of the Facilities Facility under clauses 12.4 10.4 (Asset disposals), 12.5 10.5 (Insurance claims), 12.6 10.6 (Excess Cashflow) or 12.7 10.7 (Report claims) during an Interest Period for that the Advance will be paid by the relevant Borrower into a Cash Collateral Account and applied (together with any relevant accrued interest) against that the Advance on the expiry of that Interest Period.