Good Discharge. Any payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Agent on behalf of the Secured Parties and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security Agent.
Appears in 4 contracts
Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Taylor Maritime Investments LTD)
Good Discharge. Any payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Agent on behalf of the Secured Creditor Parties and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security Agent.
Appears in 4 contracts
Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.), Facility Agreement (Scorpio Tankers Inc.)
Good Discharge. Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent may be made to the Facility Agent on behalf of the Secured Parties Lenders and the Export Credit Agency and any distribution or payment made in that way shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent.
Appears in 4 contracts
Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)
Good Discharge. Any payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Agent on behalf of the Secured Finance Parties and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security Agent.
Appears in 2 contracts
Samples: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)
Good Discharge. Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent may be made to the Facility Agent on behalf of the Secured Parties Lenders and any distribution or payment made in that way shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent.
Appears in 1 contract
Samples: Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)
Good Discharge. 27.33.1 Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent may be made to the Facility Agent on behalf of the Secured Parties Lenders and any distribution or payment made in that way shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent.
27.33.2 The Security Agent is under no obligation to make payment to the Facility Agent in the same currency as that in which any Unpaid Sum is denominated.
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Good Discharge. Any payment to be made in respect of the Secured Liabilities obligations and liabilities secured by the Security Documents by the Security Agent may be made to the Facility Agent on behalf of the Secured Finance Parties and any payment made in that way shall will be a good discharge, to the extent of that payment, by the Security Agent.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (IHS Holding LTD)
Good Discharge. 10.35.1 Any distribution or payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Investment Agent on behalf of the Secured Parties and any distribution or payment made in that way shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent.
10.35.2 The Security Agent is under no obligation to make payment to the Investment Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
Good Discharge. 7.35.1 Any distribution or payment to be made in respect of the Secured Liabilities by the Security Agent may be made to the Facility Investment Agent on behalf of the Secured Parties Participants and any distribution or payment made in that way shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent.
7.35.2 The Security Agent is under no obligation to make payment to the Investment Agent in the same currency as that in which any Unpaid Sum is denominated.
Appears in 1 contract
