Common use of Good Discharge Clause in Contracts

Good Discharge. (a) Any distribution or payment to be made in respect of the Secured Liabilities by the Security Agent will be made to the relevant Secured Parties. (b) Any distribution or payment made as described in paragraph (a) above shall be a good discharge, to the extent of that payment or distribution, by the Security Agent: (i) in the case of a payment made in cash, to the extent of that payment; and (ii) in the case of a distribution of Non-Cash Recoveries, as determined by Clause 12.2 (Cash value of Non-Cash Recoveries). (c) The Security Agent is under no obligation to make the payments to the Secured Parties under paragraph (a) above in the same currency as that in which the Liabilities owing to the relevant Secured Parties are denominated pursuant to the relevant Debt Document.

Good Discharge. (a) Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent will Agent: (i) may be made to the relevant Secured Parties.Agent on behalf of its Creditors; (bii) Any distribution may be made to the Relevant Issuing Bank or Relevant Ancillary Lender in accordance with paragraph (b)(i) of Clause ‎18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral); or (iii) shall be made directly to the Hedge Counterparties, and any payment made as described in paragraph (a) above that way shall be a good discharge, to the extent of that payment or distributionpayment, by the Security Agent: (i) in the case of a payment made in cash, to the extent of that payment; and (ii) in the case of a distribution of Non-Cash Recoveries, as determined by Clause 12.2 (Cash value of Non-Cash Recoveries). (cb) The Security Agent is not under no any obligation to make the payments to the Secured Parties Agents or the Hedge Counterparties under paragraph (a) above in the same currency as that in which the Liabilities owing to the relevant Secured Parties Creditor are denominated pursuant to the relevant Debt Documentdenominated.

Good Discharge. (a) Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent will may be made to the relevant Secured Parties.Note Agent on behalf of its Creditors; (b) Any distribution or payment made as described in paragraph (a) above shall be a good discharge, to the extent of that payment or distribution, by the Security Agent: (i) in the case of a payment made in cash, to the extent of that payment; and (ii) in the case of a distribution of Non-Cash Recoveries, as determined by Clause 12.2 clause 10.3 (Cash value of Non-Cash Recoveries). (c) The Security Agent is under no obligation to make the payments to the Secured Parties Note Agents under paragraph (a) above in the same currency as that in which the Liabilities owing to the relevant Secured Parties Creditor are denominated pursuant to the relevant Debt Document.

Good Discharge. (a) Any distribution or payment to be made in respect of the Secured Liabilities Obligations by the Security Agent will (other than with respect to any Secured Obligations owed to the Security Agent) shall only be made to the relevant Secured PartiesAgent on behalf of the Finance Parties and in no event shall the Security Agent have any obligation to make such payment or distribution directly to any Finance Party or Lender. (b) Any distribution or payment made as described in paragraph (a) above shall be a good discharge, to the extent of that payment or distribution, by the Security Agent: (i) in the case of a payment made in cash, to the extent of that payment; and (ii) in the case of a distribution of Non-Cash Recoveries, as determined by Clause 12.2 (Cash value of Non-Cash Recoveries). (c) The Security Agent is under no obligation to make the payments to the Secured Parties Agent under paragraph (a) above in the same currency as that in which the Liabilities owing to the relevant Secured Parties Finance Party are denominated pursuant to the relevant Debt Finance Document.