Common use of IMPRACTICABLE TO MAKE PAYMENTS Clause in Contracts

IMPRACTICABLE TO MAKE PAYMENTS. If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any Obligor to make any payments hereunder in the manner specified in clause 20.2, then that Obligor may agree with each or any of the Lenders to make alternative arrangements for the payment direct to such Lender of amounts due to such Lender hereunder provided that, in the absence of any such agreement with any Lender, that Obligor shall be obliged to make all payments due to such Lender in the manner specified in this Agreement. Upon reaching such agreement the relevant Obligor and such Lender shall immediately notify the Agent and shall thereafter promptly notify the Agent of all payments made direct to such Lender.