Common use of Disbursement of Advance to third party Clause in Contracts

Disbursement of Advance to third party. The payment by the Facility Agent under Clause 5.6 (Payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct obligors, to each Lender in an amount equal to that Lender’s participation in that Advance.

Disbursement of Advance to third party. The A payment by the Facility Agent under Clause 5.6 (Payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent under Clause 5.6 (Payment to third partiesPayments) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct director obligors, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent under Clause 5.6 (Payment Retentions and payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers each Borrower shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s Xxxxxx's participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent under Clause 5.6 5.7 (Payment Retentions and payment to third parties) to a person other than the Builder, or as the case may be, the Existing Facility Agent Borrower shall constitute the making of the relevant Advance and the Borrowers Borrower shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s Xxxxxx's participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent Lender under Clause 5.6 (Payment Retentions and payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct director obligors, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The A payment by the Facility Agent under Clause 5.6 (Payment to third parties) to a person other than the Builder, or as the case may be, the Existing Facility Agent Borrower shall constitute the making of the relevant Advance and the Borrowers Borrower shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s 's participation in that Advance.

Disbursement of Advance to third party. The A payment by the Facility Agent under Clause 5.6 (Payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s Xxxxxx's participation in that Advance.

Disbursement of Advance to third party. The A payment by the Facility Agent under Clause 5.6 (Payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent Lender under Clause 5.6 5.7 (Payment Retentions and payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct director obligors, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent under Clause 5.6 (Payment Retentions and payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers each Borrower shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The payment Payment by the Facility Agent under Clause 5.6 5.7 (Payment to third parties) to the Builder, or as the case may be, the Existing Facility Agent a person other than a Borrower shall constitute the making of the relevant Advance and the Borrowers shall at that time become indebted, as principal and direct obligors, to each Lender in an amount equal to that LenderXxxxxx’s participation in that Advance.

Disbursement of Advance to third party. The A payment by the Facility Agent under Clause 5.6 (Payment to third parties) to a person other than the Builder, or as Borrower at the case may be, request of the Existing Facility Agent Borrower shall constitute the making of the relevant Advance and the Borrowers Borrower shall at that time become indebted, as principal and direct obligorsobligor, to each Lender in an amount equal to that Lender’s participation in that Advance.