Common use of Distributions by the Facility Agent Clause in Contracts

Distributions by the Facility Agent. Each payment received by the Facility 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 the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) Business Days’ notice.

Appears in 2 contracts

Samples: Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD), Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

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Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 29.3 (Distributions to an Obligor) and Clause 28.4 29.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) Business Days’ notice.

Appears in 2 contracts

Samples: Term and Revolving Credit Facilities Agreement, Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 clause 30.3 (Distributions to an Obligora Borrower) and Clause 28.4 30.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such bank account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) Business Days’ notice.

Appears in 1 contract

Samples: Facilities Agreement (UTi WORLDWIDE INC)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 clause 29.2 (Distributions to an Obligorby the Facility Agent) and Clause 28.4 clause 29.4 (ClawbackClawback and pre-funding) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) five Business Days’ notice' notice with a bank in South Africa in writing.

Appears in 1 contract

Samples: Common Terms Agreement (Sedibelo Resources LTD)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) and Clause 28.4 32.3 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 five (five5) Business Days' notice.

Appears in 1 contract

Samples: Senior Secured Term Loan Facility Agreement (Flex LNG Ltd.)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause clause 28.3 (Distributions to an Obligor) and Clause clause 28.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) five Business Days’ notice.

Appears in 1 contract

Samples: Facility Agreement (Commercial Metals Co)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 26.3 (Distributions to an Obligora Borrower), Clause 26.4 (Clawback) and Clause 28.4 23.15 (ClawbackDeduction from amounts payable by the Facility Agent) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its office), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) five Business Days’ notice.

Appears in 1 contract

Samples: Secured Bridge Facility Agreement (Cemex Sab De Cv)

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Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 32.3 (Distributions to an Obligor) and Clause 28.4 32.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) Business Days’ notice' notice with a bank in South Africa in writing.

Appears in 1 contract

Samples: Common Terms Agreement (Harmony Gold Mining Co LTD)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 clause 30.3 (Distributions to an Obligor) and Clause 28.4 clause 30.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) five Business Days’ notice' notice with a bank in South Africa in writing.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Harmony Gold Mining Co LTD)

Distributions by the Facility Agent. Each payment received by the Facility 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 the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender), to such account with a bank in South Africa as that Party may notify to the Facility Agent in writing by not less than 5 (five) five Business Days’ notice' notice with a bank in South Africa in writing.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

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