Assumed Receipt. Where an amount is to be paid under any Senior Finance Document for the account of another person, the Facility Agent will not be obliged to pay that amount to that person until it is satisfied that it has actually received that amount. If the Facility Agent nonetheless pays that amount to that person and the Facility Agent had not in fact received that amount, then that person will on request refund that amount to the Facility Agent. That person will be liable:
Appears in 5 contracts
Samples: Credit Agreement (Fimep Sa), Credit Agreement (Ocallaghan Barry), Facilities Agreement (Ugi Corp /Pa/)
