Common use of Outstanding Debt Amount Clause in Contracts

Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 7 contracts

Samples: Limited Assignment of Construction Contract, Project Agreement, Project Agreement

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Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's ’s obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Limited Assignment of Construction Contract

Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent Trustee as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent Trustee acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 2 contracts

Samples: Limited Assignment of Construction Contract, Project Agreement

Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent Lender as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent Xxxxxx acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 2 contracts

Samples: Project Agreement, Limited Assignment of Construction Contract

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Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent as conclusive as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 2 contracts

Samples: Limited Assignment of Construction Contract, Project Agreement

Outstanding Debt Amount. (a) Subject to Section 4.3 of this Schedule B, Hospital shall be entitled to rely on a certificate of Agent Lender as to the Debt Amount outstanding at any relevant time. (b) If a receipt or other acknowledgement is given by Agent Lender acknowledging or otherwise confirming receipt of payment or payments in respect of the Debt Amount, such receipt or other acknowledgement shall discharge Hospital's obligation to pay such portion of compensation due to Project Co that is equal to the amount acknowledged or confirmed.

Appears in 1 contract

Samples: Limited Assignment of Construction Contract

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