Common use of Partial payments Clause in Contracts

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 41 contracts

Samples: Facility Agreement (OI S.A. - In Judicial Reorganization), Facility Agreement, Facility Agreement

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Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order:

Appears in 13 contracts

Samples: Facility Agreement (NORDIC AMERICAN TANKERS LTD), Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Facility Agreement (Sesa Sterlite LTD)

Partial payments. If the Facility Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 12 contracts

Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:

Appears in 8 contracts

Samples: Term Facility Agreement, Guarantee Facility Agreement (UTAC Holdings Ltd.), Term Facility Agreement (KNOT Offshore Partners LP)

Partial payments. If the Agent receives a payment for application against amounts in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:

Appears in 7 contracts

Samples: Loan Agreement (Hafnia LTD), Amendment and Restatement Agreement (Hafnia LTD), Amendment and Restatement Agreement (Hafnia LTD)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that the Obligor under the Finance Documents in the following order:

Appears in 3 contracts

Samples: Senior Secured Term Loan and Revolving Credit Facility Agreement, Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Company under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Company under the Finance Documents in the following order:

Appears in 3 contracts

Samples: Super Senior Revolving Facility Agreement (Eagle Bulk Shipping Inc.), Facility Agreement (Eksportfinans Asa), Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order:

Appears in 2 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

Partial payments. (a) If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:

Appears in 2 contracts

Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Multicurrency Facilities Agreement (Pernod Ricard S a /Fi)

Partial payments. If the Agent or the Security Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 2 contracts

Samples: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Senior Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Senior Finance Documents in the following order:

Appears in 2 contracts

Samples: Senior Facility Agreement (Inmarsat Holdings LTD), Senior Facility Agreement (Inmarsat Launch CO LTD)

Partial payments. If the Agent receives a payment for application against amounts due under the Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:

Appears in 2 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Supplemental Agreement (Navigator Holdings Ltd.)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the those Finance Documents in the following order:

Appears in 1 contract

Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:: 133

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Genesco Inc)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply 100 108 that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facilities Agreement (Inveresk Research Group LTD)

Partial payments. If Except as otherwise provided in Clause 7.5 (Mandatory prepayment), if the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance DocumentsDocuments and the Master Agreements, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents and the Master Agreements in the following order:

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

Partial payments. 40.5.1 If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Credit Agreement (Axa Financial Inc)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents from an Obligor that is insufficient to discharge all the amounts then due and payable by an that Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:: 192 Project Unicorn - Facilities Agreement

Appears in 1 contract

Samples: Facilities Agreement (New Frontier Health Corp)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor a Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor Borrower under the Finance Documents in the following order:: A02583129/5.0/05 Feb 2003 Back to Contents

Appears in 1 contract

Samples: Facility Agreement (Six Continents PLC)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply 100 that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facilities Agreement (Inveresk Research Group Inc)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor any of the Borrowers under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrowers under the Finance Documents in the following order:: a) firstly, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents;

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Financing Documents, the such Agent shall apply that payment towards the obligations of that Obligor under the Finance Financing Documents in the following order:

Appears in 1 contract

Samples: Credit Agreement (Reh Mergersub Inc)

Partial payments. 29.8.1 If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order: (a) first, in or towards payment pro rata of any unpaid fees, costs and expenses of the Agent under the Finance Documents; (b) secondly, in or towards payment pro rata of:

Appears in 1 contract

Samples: Term Facility Agreement (Enstar Group LTD)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Obligors (or any of them) under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Obligors under the Finance Documents in the following order:: SIN-#2682702-v10 83

Appears in 1 contract

Samples: Facility Agreement

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Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under those Finance Documents to the Finance DocumentsAgent, the Arrangers and the Lenders, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents to such parties in the following order:

Appears in 1 contract

Samples: Senior Facilities Agreement (Luxfer Holdings PLC)

Partial payments. If the a Transaction Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the such Transaction Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facility Agreement (China XD Plastics Co LTD)

Partial payments. 28.5.1 If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower under the Finance Documents in the following order:order –

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents from an Obligor that is insufficient to discharge all the amounts then due and payable by an that Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:

Appears in 1 contract

Samples: Facilities Agreement (New Frontier Public Holding Ltd.)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Document that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facility Agreement (VTTI Energy Partners LP)

Partial payments. If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Mezzanine Facility Agreement (Concordia Bus Nordic AB)

Partial payments. (a) If the Agent receives a payment for application against amounts due under the Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the those Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the those Finance Documents in the following order:: 206 UK-#396550026-v7

Appears in 1 contract

Samples: Facility Agreement (Navigator Holdings Ltd.)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower under the Finance Documents, the Agent shall apply that payment towards the Borrower's obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Term Loan Facilities Agreement (Sterlite Industries (India) LTD)

Partial payments. 35.5.1 If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Syndication and Amendment Agreement (Shire PLC)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor the Borrower and/or the Guarantor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor the Borrower and/or the Guarantor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance DocumentsDocuments and the Master Agreements, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents and the Master Agreements in the following order:

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

Partial payments. (a) If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:order set out in clause 13 (Application of Proceeds) of the Intercreditor Deed. (b) Paragraph (a) above will override any appropriation made by an Obligor.

Appears in 1 contract

Samples: Senior Reserve Base Lending Facility Agreement (Fx Energy Inc)

Partial payments. (a) If the an Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the that Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facilities Agreement (3SBio Inc.)

Partial payments. If the Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Finance Documents in the following order:

Appears in 1 contract

Samples: Facility Agreement (DryShips Inc.)

Partial payments. If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that Obligor under the Expanded Finance Documents in the following order:order:-

Appears in 1 contract

Samples: Facility Agreement (Sunday Communications LTD)

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