Distributions to the Borrower. The Lender may (with the consent of the Borrower or in accordance with Clause 26 (Set-Off)) apply any amount payable by it to 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 2 contracts
Samples: Omnibus Security Agreement (Infiniti Solutions LTD), Chartered Semiconductor Manufacturing LTD
Distributions to the Borrower. The Lender may (with the consent of the Borrower or in accordance with Clause 26 (Set-Offoff)) apply any amount payable by it to 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 2 contracts
Samples: Facility Agreement (CALGON CARBON Corp), Agreement (Chartered Semiconductor Manufacturing LTD)
