Common use of Distributions to an Obligor Clause in Contracts

Distributions to an Obligor. A Finance Party may (with the consent of the Obligor or in accordance with Clause 30 (Set-off)) apply any amount received by it for that Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Obligor under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 3 contracts

Samples: Senior Loan Note Subscription Agreement (Tritium DCFC LTD), Senior Loan Note Subscription Agreement (Tritium DCFC LTD), Tritium DCFC LTD

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Distributions to an Obligor. A Finance Party may (with the consent of the Obligor or in accordance with Clause 30 31 (Set-off)) apply any amount received by it for that Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that 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: Note Subscription Agreement (Tritium DCFC LTD)

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