Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.
Appears in 38 contracts
Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP), Senior Term Facilities Agreement (NeoGames S.A.), Facility Agreement (Hoegh LNG Partners LP)
Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents Documents, that Party shall be regarded as having received any amount so deducted.
Appears in 4 contracts
Samples: Senior Revolving Facility Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.)
Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Fundamental Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Fundamental Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Fundamental Documents that Party shall be regarded as having received any amount so deducted.
Appears in 3 contracts
Samples: Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Amendment Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)
Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.
Appears in 2 contracts
Samples: Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD), Facility Agreement (Solutia Inc)
Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Fundamental Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which that the Agent would otherwise be obliged to make under the Finance Fundamental Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Fundamental Documents that Party shall be regarded as having received any amount so deducted.
Appears in 1 contract
Samples: Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)
