Good Discharge. Without prejudice to any other term of this Agreement, any payment by an Obligor to the Facility Agent in accordance with this Clause 17 for a Lender constitutes a discharge of its obligations to that Lender in respect of that payment. Accordingly, no Obligor is liable to the Lender if the Facility Agent fails for any reason to make the corresponding payment to that Lender.
Appears in 3 contracts
Samples: Finance Agreement, Credit Facilities Agreement (Imperial Tobacco Group PLC), Subordinated Equity Bridge Credit Facilities (Imperial Tobacco Group PLC)
Good Discharge. Without prejudice to any other term of this Agreement, any payment by an Obligor to the Facility an Agent in accordance with this Clause 17 20 for a Lender constitutes a discharge of its obligations to that Lender in respect of that payment. Accordingly, no Obligor is liable to the Lender if the Facility an Agent fails for any reason to make the corresponding payment to that Lender.
Appears in 1 contract
