Common use of Direct Payment to a Lender Clause in Contracts

Direct Payment to a Lender. Except, as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Facilities (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

AutoNDA by SimpleDocs

Direct Payment to a Lender. Except, Except as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Facilities Facility (including any payment received through the exercise of any right of set-offset‑off), such Lender will remit the payment to the Agent, for distribution among all Lenders.

Appears in 1 contract

Samples: Credit Agreement (Nomad Royalty Co Ltd.)

Direct Payment to a Lender. Except, Except as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Facilities (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.

Appears in 1 contract

Samples: Credit Agreement (AbitibiBowater Inc.)

AutoNDA by SimpleDocs

Direct Payment to a Lender. Except, Except as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Facilities Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.

Appears in 1 contract

Samples: Credit Agreement (Osisko Gold Royalties LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!