Distributions to an Obligor. The COFACE 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 4 contracts
Samples: Coface Facility Agreement (Iridium Communications Inc.), Agreement (Iridium Communications Inc.), Confidential Treatment (Iridium Communications Inc.)
