Common use of Distributions by the Facility Agent Clause in Contracts

Distributions by the Facility Agent. Subject to the terms of the Intercreditor Agreement, each payment received by either of the Facility Agent under the Finance Documents for another Party shall be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in London (or, as the case may be, Paris or New York).

Appears in 3 contracts

Samples: Intercompany Loan Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

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Distributions by the Facility Agent. Subject to the terms of the Intercreditor Agreement, each payment received by either of the Facility Agent under the Finance Documents for another Party shall be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days' notice with a bank in London (or, as the case may be, Paris or New York).

Appears in 3 contracts

Samples: Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

Distributions by the Facility Agent. Subject to the terms of the Intercreditor AgreementAgreements, each payment received by either of the Facility Agent under the Finance Documents for another Party shall be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in London Amsterdam (or, as the case may be, London, Paris or New York).

Appears in 3 contracts

Samples: Agreement (Kosmos Energy Ltd.), Kosmos Energy Ltd., Credit Facility Agreement (Kosmos Energy Ltd.)

Distributions by the Facility Agent. Subject to the terms of the Intercreditor AgreementAgreements, each payment received by either of the Facility Agent under the Finance Documents for another Party shall be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in London (or, as the case may be, Paris or New York).

Appears in 2 contracts

Samples: Charge Over (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.)

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Distributions by the Facility Agent. Subject to the terms of the Intercreditor Agreement, each payment received by either of the Facility Agent under the Finance Documents for another Party shall be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five Business Days’ notice with a bank in London (or, as the case may be, Paris or New York).

Appears in 2 contracts

Samples: Assignment Agreement (Vaalco Energy Inc /De/), Facility Agreement (Kosmos Energy Ltd.)

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