Common use of Alternative Arrangements Clause in Contracts

Alternative Arrangements. If the Agent believes that it is, or will be, illegal or impossible for it to pay on to a Lender or Arranger in accordance with paragraph (A), it agrees to notify the Guarantors and that Lender or Arranger. In this case the Guarantors and that Lender or Arranger may agree alternative arrangements for payments to be made to that Lender or Arranger. Paragraph (A) will not apply to the extent excluded by those alternative arrangements. That Lender or Arranger agrees to provide notice of the arrangements to the Agent and that Lender will notify the Agent of payments in accordance with Clause 14.1 of the Loan Agreement.

Appears in 1 contract

Samples: Term Loan Facility (Havas Advertising)

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Alternative Arrangements. If the Agent believes determines that it is, or will be, illegal or impossible for it to pay on to a Lender or Arranger in accordance with paragraph (Aa), it agrees to notify the Guarantors Borrower and that Lender or ArrangerLender. In this case the Guarantors Borrower and that Lender or Arranger may agree on alternative arrangements for payments to be made to that Lender or ArrangerLender. Paragraph (Aa) will not apply to the extent excluded by those alternative arrangements. That The Lender or Arranger agrees to provide notice of the arrangements to the Agent and that Lender will notify the Agent of payments in accordance with Clause 14.1 of the Loan AgreementSECTION 13(1).

Appears in 1 contract

Samples: Term Loan Facility (Masco Corp /De/)

Alternative Arrangements. If the Agent believes that it is, or will be, illegal or impossible for it to pay on to a Lender or Arranger in accordance with paragraph (A), it agrees to notify the Guarantors Borrowers' Agent and that Lender or ArrangerLender. In this case the Guarantors Borrowers' Agent and that Lender or Arranger may agree alternative arrangements for payments to be made to that Lender or ArrangerLender. Paragraph Paragraph (A) will not apply to the extent excluded by those alternative arrangements. That Lender or Arranger agrees to provide notice of the arrangements to the Agent and that Lender will notify the Agent of payments in accordance with Clause 14.1 of the Loan Agreement14.1.

Appears in 1 contract

Samples: Term Loan Facility (Havas Advertising)

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Alternative Arrangements. If the Agent believes determines that it is, or will be, illegal or impossible for it to pay on to a Lender or Arranger in accordance with paragraph (Aa), it agrees to notify the Guarantors Borrower and that Lender or ArrangerLender. In this case the Guarantors Borrower and that Lender or Arranger may agree on alternative arrangements for payments to be made to that Lender or ArrangerLender. Paragraph (Aa) will not apply to the extent excluded by those alternative arrangements. That The Lender or Arranger agrees to provide notice of the arrangements to the Agent and that Lender will notify the Agent of payments in accordance with Clause 14.1 of the Loan AgreementSECTION 15(1).

Appears in 1 contract

Samples: Dm 350,000,000 Multicurrency Revolving Credit Facility (Masco Corp /De/)

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