Common use of Impaired Agent Clause in Contracts

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.

Appears in 7 contracts

Samples: Agreement (Hillenbrand, Inc.), Agreement (Hillenbrand, Inc.), Agreement (Hillenbrand, Inc.)

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Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor the Company or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 26.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 6 contracts

Samples: And Restatement Agreement (Alibaba Group Holding LTD), Amendment and Restatement Agreement, Agreement (Alibaba Group Holding LTD)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 40.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 4 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 30.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 3 contracts

Samples: Assignment Agreement (StoneX Group Inc.), Facility Agreement (StoneX Group Inc.), StoneX Group Inc.

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 3 contracts

Samples: Assignment Agreement (Gold Fields LTD), Facilities Agreement (Alibaba Group Holding LTD), Alibaba Group Holding LTD

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor a Loan Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 31.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Facilities Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Impaired Agent. (aA) If, at any time, the Agent becomes an Impaired Agent, an Obligor the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 ‎27.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Facilities Agreement (Rentokil Initial PLC /Fi), Facilities Agreement (Rentokil Initial PLC /Fi)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 ‎33.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Facility Agreement (Northstar Realty Finance Corp.), Facility Agreement (NorthStar Healthcare Income, Inc.)

Impaired Agent. (a) If, at any time, the Agent becomes (and for so long as it is) an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 33.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Intercreditor Agreement (CorpAcq Group PLC), Intercreditor Agreement (CorpAcq Group PLC)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 (Payments clause 26.l(Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 31.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such In that case such payments must be made on the due date for payment under the Finance Documents.

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (Alliance Data Systems Corp)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor a Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 31.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Facility Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)

Impaired Agent. (a) If, at any time, the Agent becomes (and for so long as it is) an Impaired Agent, an Obligor or a Lender Subscriber which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 36.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Intercreditor Agreement (CorpAcq Group PLC), Intercreditor Agreement (CorpAcq Group PLC)

Impaired Agent. (a) If, at any time, the an Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the that Agent in accordance with Clause 28.1 ‎‎32.1 (Payments to the AgentAgents) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Agreement (Cboe Global Markets, Inc.), Agreement (Cboe Global Markets, Inc.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 35.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 2 contracts

Samples: Senior Facilities Agreement (Fintrax US Acquisition Subsidiary, Inc.), Facilities Agreement (Melco Crown Entertainment LTD)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 36.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 1 contract

Samples: Facilities Agreement (Inspired Entertainment, Inc.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 26.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.

Appears in 1 contract

Samples: Madeleine Charging B.V.

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Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 30.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either :

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Markit Ltd.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 30.1 (Payments to the Agent) may instead either pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.

Appears in 1 contract

Samples: Facility Agreement (Imerys S.A.)

Impaired Agent. (aA) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 34.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 1 contract

Samples: Agreement (Endava PLC)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 29.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 1 contract

Samples: Intercreditor Agreement (Ugi Corp /Pa/)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 34.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 1 contract

Samples: Senior Facilities Agreement (OpSec Holdings)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor the Borrower or a Lender Bank which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 Clauses 10.1 (Payments to the AgentPlace) and 10.2 (Funds) may instead pay that amount direct directly to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documentsrecipient.

Appears in 1 contract

Samples: Agreement (Anglogold Ashanti LTD)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender Bank which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 Clauses 10.1 (Payments to the AgentPlace) and 10.2 (Funds) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documentsrecipient.

Appears in 1 contract

Samples: Agreement (Anglogold Ashanti LTD)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender Bank which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 Clauses 11.1 (Payments to the AgentPlace) and 11.2 (Funds) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documentsrecipient.

Appears in 1 contract

Samples: Agreement (Anglogold Ashanti LTD)

Impaired Agent. (a) 126. If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.

Appears in 1 contract

Samples: Electronic Platform Agreement (Hillenbrand, Inc.)

Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 28.1 33.1 (Payments to the Agent) may instead pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.either:

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

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