Common use of Deduction from amounts payable by the Agent Clause in Contracts

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance 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 Finance Party shall be regarded as having received any amount so deducted.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance 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 Finance Party shall be regarded as having received any amount so deducted.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents Documents, the Agent relevant agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance Party which the Agent 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 Finance Party shall be regarded as having received any amount so deducted.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Facility Documents the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance Party which the Agent would otherwise be obliged to make under the Finance Facility Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Facility Documents that Finance Party shall be regarded as having received any amount so deducted.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance 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 Finance Party shall be regarded as having received any amount so deducted. Notwithstanding the above, an Agent may not unless expressly authorised in writing by a Borrower, deduct any amount from any Loan requested by that Borrower.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance 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 Finance Party shall be regarded as having received any amount so deducted.. ​ ​ ​

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance 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 Finance Party shall be regarded as having received any amount so deducted.. ​ ​