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

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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.)

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)

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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.)

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