Assumed Receipt. (a) Where an amount is or is required to be paid to the Interim Facility Agent under any Interim Document for the account of another person (the Payee), the Interim Facility Agent is not obliged to pay that amount to the Payee until the Interim Facility Agent is satisfied that it has actually received that amount.
Appears in 5 contracts
Samples: Agreement, Agreement, Interim Facility Agreement
Assumed Receipt. (a) Where an amount is or is required to be paid to the Interim Facility Agent under any Interim Finance Document for the account of another person (the Payee), the Interim Facility Agent is not obliged to pay that amount to the Payee until the Interim Facility Agent is satisfied that it has actually received that amount.
Appears in 3 contracts
Samples: Facilities Agreement, Interim Facilities Agreement (Atlas Investissement), Interim Facilities Agreement (Quanex Building Products CORP)
Assumed Receipt. (a) Where an amount is or is required to be paid to the Interim Facility Facilities Agent under any Interim Document for the account of another person (the “Payee”), the Interim Facility Facilities Agent is not obliged to pay that amount to the Payee until the Interim Facility Facilities Agent is satisfied that it has actually received that amount.
Appears in 1 contract
Samples: Interim Facilities Agreement
