Common use of Distributions to the Borrower Clause in Contracts

Distributions to the Borrower. Each Lender may 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 this Agreement or in or towards purchase of any amount of any currency to be so applied.

Appears in 2 contracts

Samples: Term Loan Facility Agreement (AsiaCo Acquisition LTD), Term Loan Facility Agreement (AsiaCo Acquisition LTD)

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Distributions to the Borrower. Each The Lender may 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 this Agreement or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Subordinated Loan Agreement

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Distributions to the Borrower. Each Lender The Lenders may apply any amount payable received by it to 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: Term Loan Facility Agreement (Far East Energy Corp)

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