Common use of Certain Deductions by the Agent Clause in Contracts

Certain Deductions by the Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.05(b), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

Appears in 3 contracts

Samples: Restructuring Support and Lock Up Agreement (Legacy Reserves Inc.), Restructuring Support and Lock Up Agreement (Legacy Reserves Inc.), Credit Agreement (Legacy Reserves Inc.)

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Certain Deductions by the Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.17(e), Section 2.05(b), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections Section until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement

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Certain Deductions by the Agent. If any Lender shall fail fails to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.05(b), Section 2.08(d), Section 2.08(e2.02(b) or Section 4.02 2.15, then the Agent mayAgent, in its sole discretion (notwithstanding any contrary provision hereof)of this Agreement, may apply any amounts thereafter subsequently received by the Agent for the account of such that Lender to satisfy such that Lender’s obligations under such those Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Term Loan Agreement (Atp Oil & Gas Corp)

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