Common use of Refunding of Payments Clause in Contracts

Refunding of Payments. The Agent shall not be obliged to (but may) make available to any Person any sum which it is expecting to receive for the account of that Person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:

Appears in 5 contracts

Samples: Agreement (Alstom), Agreement (Alstom), Transfer Agreement (Alstom)

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Refunding of Payments. The Facility Agent shall not be obliged to (but may) make available to any Person person any sum which it is expecting to receive for the account of that Person person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:

Appears in 3 contracts

Samples: Senior Facilities Agreement (Elster Group SE), Senior Facilities Agreement (Elster Group SE), Facility Agreement (Edison Mission Energy)

Refunding of Payments. The Agent shall not be obliged to (but may) make available to any Person person any sum which it is expecting to receive for the account of that Person person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:out:-

Appears in 3 contracts

Samples: Supplemental Agreement (Chartered Semiconductor Manufacturing LTD), First Supplemental Agreement (Chartered Semiconductor Manufacturing LTD), Chartered Semiconductor Manufacturing LTD

Refunding of Payments. 15.8 The Agent shall not be obliged to (but may) make available to any Person any sum which it is expecting to receive for the account of that Person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:

Appears in 2 contracts

Samples: Agreement (Alstom), Agreement (Alstom)

Refunding of Payments. 16.8 The Agent shall not be obliged to (but may) make available to any Person any sum which it is expecting to receive for the account of that Person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:

Appears in 1 contract

Samples: Agreement (Alstom)

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Refunding of Payments. The Agent shall not be obliged to (but may) make available to any Person person any sum which it is expecting to receive for the account of that Person person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:out:-

Appears in 1 contract

Samples: Agreement (American Eagle Tankers Inc LTD)

Refunding of Payments. The Agent shall not be obliged to (but may) make available to any Person person any sum which it is expecting to receive for the account of that Person person until it has been able to establish that it has received that sum. However, it may do so if it wishes. If and to the extent that it does so but it transpires that it had not then received the sum which it paid out:

Appears in 1 contract

Samples: Creative Technology LTD

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