Distributions to an Obligor. The Senior Agent may, with the consent of the Obligor, apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.
Appears in 3 contracts
Samples: Securitisation Agreement (Encore Capital Group Inc), Securitization Agreement (Encore Capital Group Inc), Senior Facility Agreement (Encore Capital Group Inc)