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 33 (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 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)

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Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 33 31 (Set-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 this Agreement 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: www.sec.gov, 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 33 (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 this Agreement the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Agreement (Commercial Metals Co)

Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 33 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 this Agreement 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)

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Distributions to the Borrower. The Facility Agent may (with the consent of the Borrower or in accordance with Clause 33 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 this Agreement 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 33 29 (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 this Agreement 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)

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