Payments to Senior Finance Parties. If a Senior Finance Party (a “Recovering Senior Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 32 (Payment mechanics) and applies that amount to a payment due under the Senior Finance Documents then:
Appears in 2 contracts
Samples: Facility Agreement (Inmarsat Holdings LTD), Agreement (Inmarsat Launch CO LTD)
Payments to Senior Finance Parties. 28.1.1 If a Senior Finance Party (a “Recovering Senior Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 32 clause 29 (Payment mechanics) and applies that amount to a payment due under the Senior Finance Documents then:
Appears in 2 contracts
Samples: Senior Facilities Agreement (Atlatsa Resources Corp), Facilities Agreement (Atlatsa Resources Corp)
Payments to Senior Finance Parties. 23.1 If a Senior Finance Party (a “Recovering Senior Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 32 24 (Payment mechanics) and applies that amount to a payment due under the Senior Finance Operative Documents then:
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