Common use of Distributions to a Borrower Clause in Contracts

Distributions to a Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 29 (Set-off)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Equinix Inc), Facility Agreement (Equinix Inc)

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Distributions to a Borrower. The Facility Agent may (with the consent of the Borrower an Obligor or in accordance with Clause 29 clause 31 (Set-off)) apply any amount received by it for that Borrower Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower Obligor under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Facilities Agreement (UTi WORLDWIDE INC)

Distributions to a Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 29 27 (Set-offOff)) apply any amount received by it for that the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

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

Distributions to a Borrower. The Facility Agent may (with the consent of the relevant Borrower or in accordance with Clause 29 28 (Set-off)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Revolving Facility Agreement (Alpha Beta Netherlands Holding N.V.)

Distributions to a Borrower. The Facility Agent may (with the consent of the a Borrower or in accordance with Clause 29 25 (Set-off)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Tower Group International, Ltd.)

Distributions to a Borrower. The Facility Facilities Agent may (with the consent of the a Borrower or in accordance with Clause 29 28 (Set-offOff)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Term Facilities Agreement (Sanofi-Aventis)

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Distributions to a Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 29 28 (Set-offOff)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Facilities Agreement

Distributions to a Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 29 (Set-off)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (General Geophysics Co)

Distributions to a Borrower. The Facility Agent may (with the consent of the respective Borrower or in accordance with Clause 29 32 (Set-off)) apply any amount received by it for that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so appliedDocuments.

Appears in 1 contract

Samples: Credit Facilities Agreement (Wanda Sports Group Co LTD)

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