Common use of Payments to Finance Parties Clause in Contracts

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party other than in accordance with Clause 29 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 7 contracts

Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

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Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 clause 35 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 4 contracts

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

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party Transaction Obligor other than in accordance with Clause 29 34 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 4 contracts

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 34 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Cascal N.V.), Amendment and Restatement Agreement (Cascal N.V.), Facility Agreement (Cascal B.V.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 clause 36 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 3 contracts

Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.), Facility Agreement (Globus Maritime LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 30 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 3 contracts

Samples: Revolving Credit Facility Agreement (Sibanye Stillwater LTD), Supplemental Agreement (Iridium Communications Inc.), Common Terms Agreement (Net 1 Ueps Technologies Inc)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 ‎33 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

Samples: Facility Agreement (Northstar Realty Finance Corp.), Facility Agreement (NorthStar Healthcare Income, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 32 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

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

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 36 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

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

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party the Parent or any Obligor other than in accordance with Clause 29 33 (Payment Mechanics) (a "Recovered Amount"Payments) and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

Samples: Senior Facilities Agreement (Virgin Media Investment Holdings LTD), Senior Facilities Agreement (Virgin Media Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents Documents, then:

Appears in 2 contracts

Samples: Unsecured NGN Term Facility Agreement (IHS Holding LTD), Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party other than in accordance with Clause 29 28 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

Samples: Senior Facility Agreement (Lesaka Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party Transaction Obligor other than in accordance with Clause 29 33 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due to it under the Finance Documents then:

Appears in 2 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Scorpio Tankers Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 37 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the a Finance Documents Document then:

Appears in 1 contract

Samples: Amendment and Restatement Agreement (IHS Holding LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 28 (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 (OI S.A. - In Judicial Reorganization)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanicsmechanics) or Clause 33 (Application of Proceeds) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Alliance Data Systems Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party other than in accordance with Clause 29 28 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 30 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facilities Agreement (Luxottica Group Spa)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 clause 26 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Teekay LNG Partners L.P.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party other than in accordance with Clause 29 28 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:: (a) the Recovering Finance Party shall, within three Business Days, notify details of the receipt or recovery, to the Agent;

Appears in 1 contract

Samples: Secured Term Loan Facility (DHT Holdings, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers (including any combination of accounts or set off) any amount from a Security Party an Obligor other than in accordance with Clause 29 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Senior Loan Note Subscription Agreement (Tritium DCFC LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party the Obligor other than in accordance with Clause 29 30 (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 (VTTI Energy Partners LP)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 39 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due to it under the Finance Documents then:

Appears in 1 contract

Samples: Loan Agreement (Ardmore Shipping Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from or in respect of a Security Party Total Transaction Obligor (an “Applicable Obligor”) other than in accordance with Clause 29 31 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Deed of Amendment Agreement (RISE Education Cayman LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from an Obligor (including following a Security Party set-off) other than in accordance with Clause 29 32 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Flowserve Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanicsmechanics) or otherwise receives or recovers more than the amount to which it is entitled under the Finance Documents (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 33 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Credit Agreement (Eagle Bulk Shipping Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 36 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG Ltd.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 clause 34 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

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Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:: 129

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Genesco Inc)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 33 (Payment Mechanicsmechanics) or Clause 31.3 (Hedging Banks) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 28 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Amendment Agreement (Promotora De Informaciones Sa /Fi)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 30 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (KNOT Offshore Partners LP)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Waterford Wedgwood PLC)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party Transaction Obligor other than in accordance with Clause 29 33 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due to it under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 27 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Bridge Finance Documents then:

Appears in 1 contract

Samples: Bridge Facility Agreement (Nordic Telephone CO ApS)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 32 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Senior Facilities Agreement (Sirona Dental Systems, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance PartyRECOVERING FINANCE PARTY") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 clause 30 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facilities Agreement (Navios Maritime Holdings Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount in relation to payments arising hereunder or in accordance with the provisions of the relevant Finance Document or Facility Agreement to which that Finance Document relates from a Security Party Group Company (a Recovered Amount) other than in accordance with Clause 29 clause 39 (Payment Mechanicsmechanics) (or receives or recovers such amount in breach of a "Recovered Amount") provision of this Agreement and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Restructuring Agreement (Danaos Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 26 (Payment Mechanics) (a "Recovered Amount"Payments) and applies that amount to a payment due under the Senior Finance Documents Documents, then:

Appears in 1 contract

Samples: Fleet Financing Facility Agreement (Avis Budget Group, Inc.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor or the Parent Guarantor other than in accordance with Clause 29 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Senior Secured Bridge Facility Agreement (Ugi Corp /Pa/)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 31 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Second Supplemental Facility Agreement (Paradigm Ltd.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") other than the Security Agent or the Joint & Several Creditor receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 27 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Mechel OAO)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 33 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party Transaction Obligor other than in accordance with Clause 29 34 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due to it under the Finance Documents then:

Appears in 1 contract

Samples: Term Loan Facility (Navios Maritime Partners L.P.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 ‎29 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facilities Agreement (LG Acquisition Corp.)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party an Obligor other than in accordance with Clause 29 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facilities Agreement (Analex Corp)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party the Borrower other than in accordance with Clause 29 27 (Payment Mechanics) (a "Recovered Amount"mechanics) and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Mobifon Holdings Bv)

Payments to Finance Parties. If a Finance Party (a "Recovering Finance Party") receives or recovers any amount from a Security Party other than in accordance with Clause 29 30 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Secured Loan Agreement (Scorpio Bulkers Inc.)

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