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 29.3 (Distributions to an Obligor), Clause 29.4 (Clawback) and Clause 26.17 (Deduction 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 Agreement (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 the principal financial centre of the country of that currency (or, in relation to euro, in a principal financial centre in a Participating Member State or London).

Appears in 1 contract

Samples: Facilities 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 29.3 30.3 (Distributions to an Obligor), Clause 29.4 30.4 (Clawback) and Clause 26.17 (Deduction 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 Agreement (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 the principal financial centre of the country of that currency (or, in relation to euro, in a the principal financial centre in of a Participating Member State or LondonState).

Appears in 1 contract

Samples: Secured Facility Agreement (SBS Broadcasting S A)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 31.3 (Distributions to an Obligor), Clause 29.4 31.4 (Clawback) and Clause 26.17 31.9 (Deduction from amounts payable by Payments to the Facility Security Agent) ), be made available by the Facility Agent 128 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 the Facility Agent by not less than five (5) Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euroEuro, in a principal financial centre in a Participating Member State or London).

Appears in 1 contract

Samples: Agreement (SGL Carbon Aktiengesellschaft)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 clause 32.3 (Distributions to an Obligor), Clause 29.4 clause 32.4 (Clawback) and Clause 26.17 clause 28.16 (Deduction 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 Agreement (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 specified by that Party in the principal financial centre of the country of that currency (or, in relation to euro, in a the principal financial centre in of a Participating Member State or London, as specified by that Party).

Appears in 1 contract

Samples: Agreement (SunOpta Inc.)

Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 28.3 (Distributions to an Obligorthe Borrower), Clause 29.4 28.4 (Clawback) and Clause 26.17 25.16 (Deduction from amounts payable by the Facility AgentAgent )) 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 (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 (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in a principal financial centre in a Participating Member State or London)currency.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 27.3 (Distributions to an Obligorthe Borrower), Clause 29.4 27.4 (Clawback) and Clause 26.17 24.17 (Deduction 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 Agreement (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 the principal financial centre of the country of that currency (or, in relation to euro, in a principal financial centre in a Participating Member State or London)currency.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

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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 29.3 31.3 (Distributions to an Obligor), Clause 29.4 31.4 (Clawback) and Clause 26.17 27.15 (Deduction 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 Agreement (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 specified by that Party in the principal financial centre of the country of that currency (or, in relation to euro, in a the principal financial centre in of a Participating Member State or London, as specified by that Party).

Appears in 1 contract

Samples: Multipurpose Facilities Agreement (SunOpta Inc.)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 31.3 (Distributions to an Obligor), Clause 29.4 31.4 (Clawback) and Clause 26.17 31.9 (Deduction from amounts payable by Payments to the Facility Security 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 Agreement (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 (5) Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euroEuro, in a principal financial centre in a Participating Member State or London).

Appears in 1 contract

Samples: Agreement (SGL Carbon Aktiengesellschaft)

Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 29.3 28.3 (Distributions to an Obligorthe Borrower), Clause 29.4 28.4 (Clawback) and Clause 26.17 24.16 (Deduction from amounts payable by the Facility AgentAgent )) 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 (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 (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in a principal financial centre in a Participating Member State or London)currency.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

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