Common use of Distributions to the Borrowers Clause in Contracts

Distributions to the Borrowers. The Agent may (with the consent of the Borrowers or in accordance with Clause 33 (Set-off)) apply any amount received by it for the Borrowers in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers 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 (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

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Distributions to the Borrowers. The Agent may (with the consent of the Borrowers Holdco or in accordance with Clause 33 32 (Set-offOff)) apply any amount received by it for the Borrowers a Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers that 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 (IHS Holding LTD), Facility Agreement (IHS Holding LTD)

Distributions to the Borrowers. The Agent may (with the consent of the Borrowers or in accordance with Clause 33 28 (Set-off)) ), apply any amount received by it for the Borrowers in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.. 27.4 Clawback

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Distributions to the Borrowers. The Agent may (with the consent of the Borrowers or in accordance with Clause 33 29 (Set-off)) ), apply any amount received by it for the Borrowers in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Distributions to the Borrowers. The An Agent may (with the consent of the Borrowers relevant Obligor or in accordance with Clause 33 32 (Set-off)) apply any amount received by it for the Borrowers that Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers that Obligor under the Finance Financing Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Reh Mergersub Inc

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Distributions to the Borrowers. The Agent may (with the consent of the Borrowers or in accordance with Clause 33 15.4 (Set-off)) apply any amount received by it for the Borrowers in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Charter Agreement (Knightsbridge Shipping LTD)

Distributions to the Borrowers. The Agent may (with the consent of the Borrowers relevant Borrower or in accordance with Clause 33 30 (Set-off)) apply any amount received by it for the Borrowers that Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrowers that 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: Facilities Agreement (Borse Dubai LTD)

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