Common use of Distributions to an Obligor Clause in Contracts

Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 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 7 contracts

Samples: Secured Credit Facility Agreement, Term Facility Agreement (Enstar Group LTD), Secured Credit Facility Agreement (Seadrill Partners LLC)

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Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause Clause 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 6 contracts

Samples: Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC)

Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 31 26 (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 appliedDocuments.

Appears in 3 contracts

Samples: Bridge Facility Agreement (Aramex International LTD), Mezzanine Bridge Facility Agreement (Aramex International LTD), Investor Loan Agreement (Aramex International LTD)

Distributions to an Obligor. The Agent may (with the consent of the Obligor Borrower or in accordance with clause 31 Clause 29 (Set-off)) apply any amount received by it for that Obligor Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Obligor 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: Facility Agreement (Sanofi Synthelabo Sa), Facility Agreement (Sanofi Synthelabo Sa)

Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 31 (Set-off)Clause 31) 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 2 contracts

Samples: Facilities Agreement (Inveresk Research Group Inc), Facilities Agreement (Inveresk Research Group LTD)

Distributions to an Obligor. (a) The Facility Agent may (with the consent of the Obligor or in accordance with clause 31 Clause 34 (SetSET-offOFF)) 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: Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc/Pa)

Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 31 Clause 29 (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 the purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Facility Agreement (Solutia Inc)

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Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 31 Clause 32 (SetSET-offOFF)) 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: Senior Facilities Agreement (Messer Griesheim Holding Ag)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 31 Clause 29 (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 the purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Facility Agreement (Solutia Inc)

Distributions to an Obligor. The Agent may (with the consent of the Obligor or in accordance with clause 31 Clause 33 (SetSET-offOFF)) 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: Secured Facilities Agreement (Grohe Holding GMBH)

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