Common use of Deduction from Amounts Payable by the Agents Clause in Contracts

Deduction from Amounts Payable by the Agents. If any Party owes an amount to an Agent under the Finance Documents such Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which such 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.

Deduction from Amounts Payable by the Agents. If any Party owes an amount to an any Agent under the Finance Documents such Documents, that Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which such that Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owedowed to the extent that such deduction does not breach any applicable regulation. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.

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

Deduction from Amounts Payable by the Agents. If any Party owes an amount to an Agent under the Finance Documents such that Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which such that 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.