Common use of Payment to Third Parties Clause in Contracts

Payment to Third Parties. Each Borrower irrevocably authorises the Facility Agent, on each Utilisation Date, to pay to, or for the account of, the Borrowers, the amounts which the Facility Agent receives from the Lenders in respect of the relevant Tranche. That payment shall be made in like funds as the Facility Agent received from the Lenders to the account of the Existing Agent which the Borrowers specify in the relevant Utilisation Request.

Payment to Third Parties. Each Borrower The Borrowers irrevocably authorises authorise the Facility Agent, Agent on each the Utilisation Date, Date to pay to, or for the account of, the Borrowers, Borrowers the amounts which the Facility Agent receives from the Lenders in respect of the relevant TrancheAdvance. That payment shall be made in like funds as the Facility Agent received from the Lenders in respect of the relevant Advance to the account of the Existing Agent which the Borrowers specify in the relevant Utilisation Request.

Payment to Third Parties. Each Borrower The Borrowers irrevocably authorises authorise the Facility Agent, Agent on each Utilisation Date, Date to pay to, or for the account of, the Borrowers, Borrowers which is to utilise the relevant Advances the amounts which the Facility Agent receives from the Lenders in respect of the relevant TrancheAdvances. That payment shall be made in like funds as the Facility Agent received from the Lenders in respect of the relevant Advances under each Tranche in to the account of the Existing Agent which the Borrowers specify in the relevant Utilisation Request.