Distributions to an Obligor. The Administrative Agent may (with the consent of the Obligor or in accordance with Clause 33 (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: Financing Agreement, Letter of Credit Facility Agreement (Flowserve Corp), Financing Agreement (Cemex Sab De Cv)
Distributions to an Obligor. The Administrative Agent may (with the consent of the relevant Obligor or in accordance with Clause 33 36.10 (Set-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 2 contracts
Samples: Agreement (Dorian LPG Ltd.), Agreement (Dorian LPG Ltd.)
Distributions to an Obligor. The Administrative Agent or any Facility Representative may (with the consent of the Obligor or in accordance with Clause 33 Section 27 (Set-Off)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 relating to a Facility or in or towards purchase of any amount of any currency to be so applied.
Appears in 1 contract
Distributions to an Obligor. The Administrative Agent may (with the consent of the Obligor or in accordance with Clause 33 27 (Set-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: Term Facility Agreement (Cadence Design Systems Inc)
