Common use of Refunds by Banks Clause in Contracts

Refunds by Banks. Without prejudice to Clause ý5.2, if the Agent or the Issuing Bank makes an amount available to a Bank or the Security Trustee which has not (but should have) been paid to the Agent or the Issuing Bank by the Account Party, such Bank or the Security Trustee (as appropriate) shall:

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Max Capital Group Ltd.)

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Refunds by Banks. Without prejudice to Clause ý5.26.2, if the Agent or the Issuing Bank or the Security Trustee makes an amount available to a Bank or the Security Trustee which has not (but should have) been paid to the Agent or the Issuing Bank by the Account Partyany Obligor, such Bank or the Security Trustee (as appropriate) shall:

Appears in 2 contracts

Samples: Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Refunds by Banks. Without prejudice to Clause ý5.25.2, if the Agent or the Issuing Bank makes an amount available to a Bank or the Security Trustee which has not (but should have) been paid to the Agent or the Issuing Bank by the Account Party, such Bank or the Security Trustee (as appropriate) shall:

Appears in 1 contract

Samples: Facility Agreement (Max Capital Group Ltd.)

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Refunds by Banks. Without prejudice to Clause ý5.25.2, if the Issuing Bank or the Agent or the Issuing Bank Security Trustee makes an amount available to a Bank or the Security Trustee another Creditor Party which has not (but should have) been paid to the Agent Issuing Bank or the Issuing Bank by the Account Party, such Bank Agent or the Security Trustee (as appropriate) by the Account Party or any other Obligor, such Creditor Party shall:

Appears in 1 contract

Samples: Agreement (ALTERRA CAPITAL HOLDINGS LTD)

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