Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility 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 7 contracts
Samples: Amendment and Restatement Agreement (Atlas Investissement), Facility Agreement (Atlas Investissement), Amendment and Restatement Agreement (Hanover Insurance Group, Inc.)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount is due and payable by any party to the Facility Agent under the any Relevant Finance Documents Document the Facility Agent may, after giving notice to that Partyparty, deduct an amount not exceeding that amount from any payment to that Party party which the Facility Agent would otherwise be obliged to make under the Relevant Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Relevant Finance Documents that Party party shall be regarded as having received such payment without any amount so deductedsuch deduction.
Appears in 4 contracts
Samples: Senior Facilities Agreement (VMWH LTD), Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents Documents, the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility 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 will be regarded as having received any the amount so deducted.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents Documents, the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility 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.. 147 EUROPE/73091764v9
Appears in 2 contracts
Samples: Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents Loan Documents, the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility Agent would otherwise be obliged to make under the Finance Loan Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Loan Documents that Party shall be regarded as having received any amount so deducted.
Appears in 2 contracts
Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount is due and payable by any party to the Facility Agent under the any Finance Documents Document the Facility Agent may, after giving notice to that Partyparty, deduct an amount not exceeding that amount from any payment to that Party party which the Facility 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 such payment without any amount so deductedsuch deduction.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Liberty Global PLC), Acquisition Facilities Agreement (Liberty Global PLC)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents Documents, the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility 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: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp)
Deduction from Amounts Payable by the Facility Agent. If any Party owes an amount to the Facility Agent under the Finance Documents Documents, the Facility Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility 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.. 147 EUROPE/75083879v5
Appears in 1 contract
Samples: Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)
