Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors other than in accordance with Clause 32 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 7 contracts
Samples: Whereas Eksportfinans, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Borrower other than in accordance with Clause 32 28 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 2 contracts
Samples: Revolving Credit Facility Agreement (Seawell LTD), Assignment Agreement (B Plus H Ocean Carriers LTD)
Payment to Finance Parties. If a Finance Party (a “"Recovering Finance Party”") receives or recovers any amount from any of the Obligors Borrower (including by set-off) other than in accordance with Clause 32 27 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 2 contracts
Samples: Facility Agreement (Ship Finance International LTD), Agreement (Ship Finance International LTD)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors other than in accordance with Clause 32 14 (Payment mechanicsPayments by the Obligors) and applies that amount to a payment due under the Finance Documents then:
Appears in 2 contracts
Samples: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors other than in accordance with Clause 32 30 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 2 contracts
Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC), And Restatement Agreement (Seadrill Partners LLC)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Borrower other than in accordance with Clause 32 27 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 2 contracts
Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Assignment Agreement (Helix Energy Solutions Group Inc)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Borrower (including by set-off) other than in accordance with Clause 32 25 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Payment to Finance Parties. If a Finance Party (a “"Recovering Finance Party”") receives or recovers any amount from any of the Obligors Borrower other than in accordance with Clause 32 27 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Obligor (including by set-off) other than in accordance with Clause 32 28 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Payment to Finance Parties. If a Finance Party (a “"Recovering Finance Party”") receives or recovers any amount from any of the Obligors Borrower other than in accordance with Clause 32 27 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)
Payment to Finance Parties. If a Finance Party (a “"Recovering Finance Party”") receives or recovers any amount from any of the Obligors an Obligor other than in accordance with Clause 32 29 (Payment mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Facility Agreement (Flex LNG Ltd.)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors other than in accordance with Clause 32 31 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from the Borrower or any of the Obligors other Loan Party other than in accordance with Clause 32 27 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Second Amendment and Restatement Agreement (Gulfmark Offshore Inc)
Payment to Finance Parties. If a Finance Party or the Security Trustee (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Borrower other than in accordance with Clause 32 26 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: General Geophysics Co
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors Borrowers other than in accordance with Clause 32 28 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Payment to Finance Parties. If a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from any of the Obligors other than in accordance with Clause 32 29 (Payment mechanics) and applies that amount to a payment due under the Finance Documents then:
Appears in 1 contract
Samples: Credit Facility Agreement (North Atlantic Drilling Ltd.)
