Common use of Distributions to an Obligor Clause in Contracts

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 (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: Amendment and Restatement Agreement (Hanover Insurance Group, Inc.)

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Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 33 (Set-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: Multipurpose Facilities Agreement (SunOpta Inc.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 35 (Set-OffSet­Off)) 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 Loan Agreement (Ocean Rig UDW Inc.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 31 (Set-OffSet 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: Revolving Credit Facility Agreement (Harmony Gold Mining Co LTD)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 29 (Set-Off)) apply any amount received by it for from 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 or, in the event that such receipts are not in US Dollars, in or towards purchase of any amount of any currency US Dollars to be so applied.

Appears in 1 contract

Samples: Facility Agreement (Atmel Corp)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 35 (Set-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: Amendment and Restatement Agreement (Aegean Marine Petroleum Network Inc.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 40 (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: Loan Agreement (Ardmore Shipping Corp)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 35 (Set-OffSet­-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: Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)

Distributions to an Obligor. The Facility Agent may shall (with the prior written consent of the Obligor or in accordance with clause 34 pursuant to Clause 28 (Set-Off)) apply any amount received by it for that an 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 (Lamb Weston Holdings, Inc.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 31 (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: Secured Facility Agreement (SBS Broadcasting S A)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 29 (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: Facility Agreement (Centerpulse LTD)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 30 (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: Common Terms Agreement (Sedibelo Resources LTD)

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Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 36 (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: Senior Facilities Agreement (Central European Distribution Corp)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor Obligors or in accordance with clause Clause 34 (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: Facility Agreement (Euroseas Ltd.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 32.10 (Set-OffSet 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: Common Terms Agreement (Harmony Gold Mining Co LTD)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 35 (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: Multicurrency Revolving Credit and Bank Guarantee Facilities (Elster Group SE)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 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 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 36 (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: Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

Distributions to an Obligor. The Facility Agent may (with the consent of the Obligor or in accordance with clause 34 Clause 32 (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: Mezzanine Facility Agreement (NDS Group PLC)

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