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 27.3 (Distributions to Borrower) and Clause 27.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents (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 five Business Days’ notice with a bank in Hong Kong, New York or 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 to the Lender 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 22 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 2 contracts

Samples: Facility Agreement (Tom Online Inc), Facility Agreement (TOM Group LTD)

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Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 30.3 (Distributions to Borroweran Obligor) and Clause 27.4 30.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days' notice with a bank specified by that Party in Hong Kong, New York or 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 the Loan to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 23 (Changes to the LendersParties) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Loan Agreement (PCGI Intermediate Holdings LTD)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 24.3 (Distributions to an Borrower) and Clause 27.4 24.3 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days’ notice with a bank in Hong Kong, New York or 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 to the Lender 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 22 20 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (Shanda Games LTD)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 28.4 (Distributions to Borroweran Obligor) and Clause 27.4 28.5 (Clawback) ), be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five ten (10) Business Days' notice with a bank in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 23 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (Synnex Corp)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 26.3 (Distributions to the Borrower) and Clause 27.4 26.4 (ClawbackClawback and Pre-Funding) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days’ notice with a bank specified by that Party in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facilities Agreement (WEIBO Corp)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 30.3 (Distributions to Borroweran Obligor) and Clause 27.4 30.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days' notice with a bank in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 23 (Changes to the LendersParties) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (PCGI Intermediate Holdings LTD)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 30.3 (Distributions to Borroweran Obligor) and Clause 27.4 30.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days' notice with a bank specified by that Party in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 23 (Changes to the LendersParties) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (PCGI Intermediate Holdings LTD)

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Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 28.3 (Distributions to Borroweran Obligor) and Clause 27.4 28.4 (ClawbackClawback and pre-funding) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five (5) Business Days’ notice with a bank specified by that Party in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 23 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Secured Facility Agreement (Amkor Technology, Inc.)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 39.3 (Distributions to Borroweran Obligor) and Clause 27.4 39.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days’ notice with a bank in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 34 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Senior Facilities Agreement (Melco Crown Entertainment LTD)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 (Distributions to Borrowerthe Borrower ) and Clause 27.4 (ClawbackClawback and pre-funding) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days' notice with a bank specified by that Party in Hong Kong, New York or 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 to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 22 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (Diodes Inc /Del/)

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 27.3 ‎27.3 (Distributions to Borroweran Obligor) and Clause 27.4 ‎27.4 (Clawback) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with the Finance Documents 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 five Business Days’ notice with a bank in Hong Kong, New York or 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 to the Lender 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 22 ‎22 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Appears in 1 contract

Samples: Facility Agreement (Shanda Media LTD)

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