Common use of Payment to the Retailer Clause in Contracts

Payment to the Retailer. 7.1. When clause 6 (Things that have to be done before you may take up the Facility) has been satisfied, we will pay the Total Amount of Credit to the Retailer. 7.2. You irrevocably and unconditionally authorise us to transfer the Total Amount of Credit directly to the Retailer. Receipt of the Retailer will be a good receipt and confirmation that you have received the benefit of the Facility.

Payment to the Retailer. 7.1. 7.1 When clause 6 (Things that have to be done before you may take up the Facility) has been satisfied, we will pay the Total Amount of Credit to the Retailer. Any fee payable by the Retailer to us in connection with the Facility will be deducted from the Total Amount of Credit paid to the Retailer. 7.2. 7.2 You irrevocably and unconditionally authorise us to transfer the Total Amount of Credit directly to the Retailer. Receipt of the Retailer will be a good receipt and confirmation that you have received the benefit of the Facility.

Payment to the Retailer. 7.1. When clause 6 (Things that have to be done before you may take up the FacilityLoan) has been satisfied, we will pay the Total Amount of Credit to the Retailer. 7.2. You irrevocably and unconditionally authorise us to transfer the Total Amount of Credit directly to the Retailer. Receipt of the Retailer will be a good receipt and confirmation that you have received the benefit of the FacilityLoan.