Common use of Distributions by the Agents Clause in Contracts

Distributions by the Agents. Each payment received by an Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) and Clause 28.4 (Clawback) be made available by such Agent as soon as 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 such Agent by not less than 5 Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 2 contracts

Samples: Credit Agreement (Koninklijke KPN N V), Credit Agreement (Koninklijke KPN N V)

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Distributions by the Agents. Each payment received by an Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) and Clause 28.4 (Clawback) be made available by such Agent as soon as 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 such Agent by not less than 5 Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 2 contracts

Samples: Syndicated Revolving Credit Agreement (Ibasis Inc), Agreement (Koninklijke KPN N V)

Distributions by the Agents. Each payment received by an the Facility Agent or the Swingline Agent under the Finance Documents for another Party shall, subject to Clause 28.3 30.3 (Distributions to an Obligor) and Clause 28.4 30.4 (Clawback) ), be made available by such the relevant Agent as soon as 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 such the relevant Agent by not less than 5 five Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euroEuro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Facilities Agreement (Coca-Cola Hellenic Bottling Co Sa)

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Distributions by the Agents. Each payment received by an Agent under the Finance Documents for another Party shall, subject to Clause 28.3 29.3 (Distributions to an Obligorthe Obligors) and Clause 28.4 29.4 (Clawback) be made available by such Agent as soon as 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 such the relevant Agent by not less than 5 Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euroEuro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Credit Agreement (Abb LTD)

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