Common use of Payments to the Facility Agent Clause in Contracts

Payments to the Facility Agent. (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre in a Participating Member State or London) with such bank as the Facility Agent specifies.

Appears in 3 contracts

Samples: Loan Agreement (Intercontinental Hotels Group PLC /New/), Multicurrency Loan Facility Agreement (Xstrata PLC), Facility Agreement (Solutia Inc)

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Payments to the Facility Agent. (a) On each date on which an Obligor the Borrower or a Lender is required to make a payment under a Finance Document, that Obligor Borrower or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euro, in the a principal financial centre in a Participating Member State or London) with such bank as the Facility Agent specifies.

Appears in 1 contract

Samples: Senior Term Facility Agreement (SemGroup Corp)

Payments to the Facility Agent. (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euroEuro, in the principal financial centre in a Participating Member State or London) with such bank as the Facility Agent specifies.

Appears in 1 contract

Samples: Amendment Agreement (Coca-Cola HBC AG)

Payments to the Facility Agent. (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euro, in the a principal financial centre in a such Participating Member State or London, as specified by the Facility Agent) and with such bank as the Facility Agent Agent, in each case, specifies.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Aegean Marine Petroleum Network Inc.)

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Payments to the Facility Agent. (a) On each date on which an Obligor a Borrower or a Lender is required to make a payment under a Finance Document, that Obligor Borrower or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euro, in the a principal financial centre in a Participating Member State or London) with such bank as the Facility Agent specifies.

Appears in 1 contract

Samples: Facility Agreement (Legrand Holding Sa)

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