Distributions to a Security Party. The Agent may (with the consent of a Security Party or in accordance with Clause 30 (Set-Off)) apply any amount received by it for that Security Party in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Security Party under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.
Appears in 7 contracts
Samples: Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Distributions to a Security Party. The Agent may (with the consent of a Security Party or in accordance with Clause 30 29 (Set-Off)) apply any amount received by it for that Security Party in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Security Party under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.
Appears in 7 contracts
Samples: Secured Term Loan Facility (DHT Holdings, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Distributions to a Security Party. The Agent may (with the consent of a Security Party or in accordance with Clause 30 (Set-Off)) apply any amount received by it for that Security Party in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Security Party under the Finance Security Documents or in or towards purchase of any amount of any currency to be so applied.
Appears in 1 contract
Distributions to a Security Party. The Agent may (with the consent of a Security Party or in accordance with Clause 30 (Set-Off)Om) apply any amount received by it for that Security Party in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Security Party 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 Loan Facility Agreement (Diana Containerships Inc.)
