Common use of Distributions to the Borrower Clause in Contracts

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-off)) apply any amount received by it for 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 (Randgold Resources LTD), Facility Agreement (PT Indosat TBK)

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Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 33 (Set-offOff)) apply any amount received by it for 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 this Agreement or in or towards purchase of any amount of any currency to be so applied.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (McDermott International Inc)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 25 (Set-off)) apply any amount received by it for 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: Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.), Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 31 (Set-offSet- Off)) apply any amount received by it for 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. Any amount payable to the Borrower shall be credited by the Facility Agent to the Borrower as soon as reasonably practicable after receipt by the Facility Agent.

Appears in 2 contracts

Samples: Term Loan Facility Agreement, Term Loan Facility Agreement (Sibanye Gold LTD)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 27 (Set-off)) apply any amount received by it for 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: Senior Facility Agreement (Wanda Sports Group Co LTD), Senior Facility Agreement (Wanda Sports Group Co LTD)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 26 (Set-off)) apply any amount received by it for 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 1 contract

Samples: Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.)

Distributions to the Borrower. The Facility Agent may (with the Borrower’s consent of the Borrower or in accordance with Clause 28 (Set-off)) apply any amount received by it for 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 1 contract

Samples: $300,000,000 Ekn Supported Facility Agreement (Mobile Telesystems Ojsc)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-off)clause 29) apply any amount received from a third party by it for the Borrower in or towards payment (on the date and in the currency and funds of receiptreceipt by the Facility Agent) 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 1 contract

Samples: Facility Agreement (Commercial Metals Co)

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Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 29 (Set-offOff)) apply any amount received by it for 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 1 contract

Samples: Senior Term Facility Agreement (SemGroup Corp)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-offOff)) apply any amount received by it for 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 1 contract

Samples: Facility Agreement (Randgold Resources LTD)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-off)) apply any amount received by it for 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 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 31.11 (Set-off)) apply any amount received by it for 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 1 contract

Samples: Facility Agreement (Powerfleet, Inc.)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 28 27 (Set-off)) apply any amount received by it for 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 1 contract

Samples: Bridge Facility Agreement (Visteon Corp)

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