Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security Agent. (b) The Security Agent is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 9 contracts
Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent Trustee may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security AgentTrustee.
(b) The Security Agent Trustee is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 8 contracts
Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Pre Export Finance Agreement (Votorantim Pulp & Paper Inc)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent Trustee may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security AgentTrustee.
(b) The Security Agent Trustee is not under no an obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 4 contracts
Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Facility Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security Agent.
(b) The Security Agent is under no obligation to make payment to the Facility Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 4 contracts
Samples: Multipurpose Facilities Agreement (SunOpta Inc.), Bridge Facility Agreement (Visteon Corp), Senior Facilities Agreement (Net 1 Ueps Technologies Inc)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent Trustee may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security AgentTrustee.
(b) The Security Agent Trustee is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 3 contracts
Samples: Secured Facilities Agreement (Solutia Inc), Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD), £110,000,000 Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)
Discharge of Secured Obligations. (a) 33.5.1 Any payment to be made in respect of the Secured Obligations by the Security Agent Trustee may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security AgentTrustee.
(b) 33.5.2 The Security Agent Trustee is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 3 contracts
Samples: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Facility Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security Agent.
(b) The Security Agent is under no obligation to make payment to the Facility Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security Agent.
(b) The Security Agent is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Alliance Data Systems Corp)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Paying Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to the Security Agent.
(b) The Security Agent is under no obligation to make payment to the Paying Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
Samples: Loan Agreement (Hanarotelecom Inc)
Discharge of Secured Obligations. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Agent on behalf of the Lenders and that payment shall be a good discharge to the extent of that payment, to by the Security Agent.
(b) The Security Agent is under no obligation to make payment to the Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
Samples: Facility Agreement (Central European Media Enterprises LTD)
