Common use of Payments to Finance Parties Clause in Contracts

Payments to Finance Parties. (a) Each Agent will account to each other Finance Party for its due proportions of all amounts received by that Agent for that Finance Party, whether by way of repayment of principal or payment of interest, commitment commission, fees or otherwise. (b) Each Agent may retain for its own use and benefit, and will not be liable to account to any other Finance Party for all or any part of, any amounts received by way of agency or arrangement fee or by way of reimbursement of expenses incurred by it.

Appears in 4 contracts

Samples: Senior Facilities Agreement (Ugi Corp /Pa/), Senior Facilities Agreement (Ugi Corp /Pa/), Senior Credit Agreement (Delta I Acquisition Inc)

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Payments to Finance Parties. (a) Each Financing Agent will account to each the other Finance Party Parties for its their respective due proportions of all amounts sums received by that Agent it for that such Finance PartyParties, whether by way of repayment of principal or payment of interest, commitment commission, fees or otherwise. (b) Each Financing Agent and the Arranger may retain for its own use and benefit, and will not be liable to account to any the other Finance Party Parties for all or any part of, of any amounts sums received by way of agency or arrangement fee or by way of reimbursement of expenses incurred by it.

Appears in 2 contracts

Samples: Facilities Agreement (United Biscuits Finance PLC), Loan Agreement (United Biscuits Finance PLC)

Payments to Finance Parties. (a) Each Agent will account to each the other Finance Party Parties for its their respective due proportions of all amounts sums received by that such Agent for that such Finance PartyParties, whether by way of repayment of principal or payment of interest, commitment commissionfees, other fees or otherwise. (b) Each Agent may retain for its own use and benefit, and will not be liable to account to any the other Finance Party Parties for all or any part of, any amounts sums received by it by way of agency or arrangement fee or similar fee or by way of reimbursement of expenses incurred by it.

Appears in 1 contract

Samples: Facilities Agreement (Bema Gold Corp /Can/)

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Payments to Finance Parties. (a) Each Agent will account to each other Finance Party for its due proportions of all amounts received by that Agent for that Finance Party, whether by way of repayment of principal or payment of interest, commitment commission, fees or otherwise. (b) Each Agent may retain for its own use and benefit, and will not be liable to account to any other Finance Party for all or any part of, of any amounts received by way of agency or arrangement fee or by way of reimbursement of expenses incurred by it.

Appears in 1 contract

Samples: Credit Agreement (Fimep Sa)

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