Common use of Distributions by the Agent Clause in Contracts

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 29.3 (Distributions to an Obligor) and Clause 29.4 (Clawback) be made available by the Agent as soon as reasonably practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than 5 Business Days' notice with a bank in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan and any Swap Liabilities to the Lender and the Swap Bank indicated in the records of the Agent as being so entitled on that date, provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 24 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 29.3 30.3 (Distributions to an Obligor), Clause 30.4 (Clawback) and Clause 29.4 30.9 (ClawbackPayments to the Security Trustee) be made available by the Agent as soon as reasonably practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than 5 five Business Days' ’ notice with a bank in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan and any Swap Liabilities to the Lender and the Swap Bank indicated in the records of the Agent as being so entitled on that date, provided date Provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 24 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 29.3 31.3 (Distributions to an Obligor) and Clause 29.4 31.4 (ClawbackClawback and pre-funding) be made available by the Agent as soon as reasonably practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than 5 five Business Days' ’ notice with a bank specified by that Party in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan and any Swap Liabilities to the Lender and the Swap Bank indicated in the records of the Agent as being so entitled on that date, date provided that the Agent is authorised to distribute payments to be made on the date on which any transfer and any increase becomes effective pursuant to Clause 24 25 (Changes to the Lenders) and Clause 2.2 (Increase) to the Lender so entitled immediately before such transfer or increase took place regardless of the period to which such sums relate.