Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 (Payments to the Agent) may instead either:
Appears in 7 contracts
Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (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.
(b) A Party which has made a payment in accordance with this Clause 28.5 shall be discharged of the relevant payment obligation under the Finance Documents.
Appears in 7 contracts
Samples: Syndicated Loan Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:
Appears in 3 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.), Secured Loan Agreement (Safe Bulkers, Inc.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Samples: Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD), Unsecured NGN Term Facility Agreement (IHS Holding LTD)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Impaired Agent. If, at any time, the Agent becomes (and for so long as it is) an Impaired Agent, a Security Party an Obligor or a Lender Subscriber which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 36.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 33.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Samples: Facility Agreement (Northstar Realty Finance Corp.), Facility Agreement (NorthStar Healthcare Income, Inc.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Validus Holdings LTD)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either: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. 126. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (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
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Impaired Agent. (A) If, at any time, the Agent becomes an Impaired Agent, a Security Party the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 27.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Samples: Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:pay that amount direct to the required recipient(s). In that case such payments must be made on the due date for payment under the Finance Documents.
(b) A Party which has made a payment in accordance with this Clause 31.5 shall be discharged of the relevant payment obligation under the Finance Documents.
Appears in 1 contract
Samples: Senior Facilities Agreement (Alliance Data Systems Corp)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:pay that amount direct to the required recipient(s). In that case such payments must be made on the due date for payment under the Finance Documents.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Alliance Data Systems Corp)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Samples: Loan Agreement (Safe Bulkers, Inc.)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 clause 39.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Sibanye Stillwater LTD)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 1 contract
