Common use of Good Discharge Clause in Contracts

Good Discharge. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent: (i) may be made to the relevant Agent on behalf of its Creditors; and (ii) shall be made directly to the Hedge Counterparties, and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security Agent. (b) The Security Agent is not under any obligation to make the payments to the Agents or the Hedge Counterparties under paragraph ‎(a) of this Clause ‎‎13.6 in the same currency as that in which the Liabilities owing to the relevant Creditor are denominated.

Good Discharge. (a) Any distribution or payment to be made in respect of the Secured Obligations by the Security Agent: (i) Agent may be made to the relevant Agent Creditor Representative on behalf of its Primary Creditors; and. (iib) shall be made directly to the Hedge Counterparties, and any Any distribution or payment made as described in that way paragraph (a) above shall be a good discharge, to the extent of that paymentpayment or distribution, by the Security Agent. (bc) The Security Agent is not under any no obligation to make the payments to the Agents Creditor Representatives or the Hedge Counterparties under paragraph ‎(a(a) of this Clause ‎‎13.6 above in the same currency as that in which the Liabilities owing to the relevant Primary Creditor are denominateddenominated pursuant to the relevant Debt Document.

Good Discharge. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent: (i) Trustee may be made to the relevant Agent on behalf of its Creditors; and (ii) shall be made the Senior Lenders or the Hedging Banks, or directly to the Hedge Counterparties, Subordinated Lenders and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security AgentTrustee. (b) The Security Agent Trustee is not under any no obligation to make the payments to the Agents Agent or the Hedge Counterparties Subordinated Lenders under paragraph ‎(a(a) of this Clause ‎‎13.6 Clause13.5 in the same currency as that in which the Liabilities owing to of the relevant Creditor Lender or Hedging Bank are denominated.

Good Discharge. (a) Any payment to be made in respect of the Secured Obligations by the Security Agent: (i) Trustee may be made to the relevant Agent on behalf of its Creditors; and (ii) shall be made the Senior Lenders or the Hedging Banks, or directly to the Hedge Counterparties, Subordinated Lenders and any payment made in that way shall be a good discharge, to the extent of that payment, by the Security AgentTrustee. (b) The Security Agent Trustee is not under any no obligation to make the payments to the Agents Agent or the Hedge Counterparties Subordinated Lenders under paragraph ‎(a(a) of this Clause ‎‎13.6 13.5 in the same currency as that in which the Liabilities owing to of the relevant Creditor Lender or Hedging Bank are denominated.