Common use of Distributions to an Obligor Party Clause in Contracts

Distributions to an Obligor Party. The Facility Agent may (with the consent of the Obligor Party or in accordance with Clause 33 (Set-off)) apply any amount received by it for that Obligor Party in or towards payment (in the currency and funds of receipt) of any amount due from that Obligor Party under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 5 contracts

Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)

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