Common use of Payment by direction Clause in Contracts

Payment by direction. If the Financier directs the Borrower to pay a particular party or in a particular manner, the Borrower is taken to have satisfied its obligation to the Financier by paying in accordance with the direction.

Appears in 4 contracts

Samples: Term Facility Agreement (James Hardie Industries Se), 364 Day Facility Agreement (James Hardie Industries N.V.), 364 Day Facility Agreement (Hardie James Industries Nv)

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Payment by direction. If the Financier directs the a Borrower to pay a particular party or in a particular manner, the Borrower is taken to have satisfied its obligation to the Financier by paying in accordance with the direction.

Appears in 3 contracts

Samples: Bullet Facility Agreement (James Hardie Industries Se), Bullet Facility Agreement (Hardie James Industries Nv), Bullet Facility Agreement (Hardie James Industries Nv)

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