Permitted deductions by Agent Clause Samples
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Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Administrative Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Administrative Agent from that Lender under any Finance Document or any sum which the Administrative Agent is then entitled under any Finance Document to require that Lender to pay on demand.
Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may, before making an amount available to a Lender, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender to pay on demand.
Permitted deductions by Agent. Notwithstanding any other provision of this Agreement or any other Finance Document, the Agent may:
(a) before making an amount available to a Lender or the Swap Bank, deduct and withhold from that amount any sum which is then due and payable to the Agent from that Lender or the Swap Bank under any Finance Document or any sum which the Agent is then entitled under any Finance Document to require that Lender or the Swap Bank to pay on demand; and
(b) (but not be obliged) from time to time to apply any balance standing to the credit of any Earnings Account in accordance and for the purposes set out in Clause 25.
Permitted deductions by Agent. The Agent shall be entitled, in its discretion to set aside by way of reserve amounts required to meet and to make and pay, any deductions and withholdings (on account of taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under the Finance Documents; and