Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may: (a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and (b) effect any currency conversion which may be required to make an application under clause 20.7(a).
Appears in 2 contracts
Samples: Project Facility Agreement (Apollo Gold Corp), Bridge Facility Agreement (Apollo Gold Corp)
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may:
(a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a17.7(a).
Appears in 2 contracts
Samples: Facility Agreement (Apollo Gold Corp), Facility Agreement (Apollo Gold Corp)
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may:
(a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a19.7(a).
Appears in 1 contract
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may:
(a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a26.7(a).
Appears in 1 contract
Samples: Neutron Energy Facility Extension (Neutron Energy, Inc.)
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party the Lender under a Transaction Document, the Finance Party Lender may:
(a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party Lender in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a16.7(a).
Appears in 1 contract
Set-off authorised. If a Transaction Party an Obligor does not pay any amount when due and payable by it to any Finance Party under a Transaction Finance Document, the Finance Party may:
(a) apply any credit balance in any currency in any account of the Transaction Party Obligor with the Finance Party in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a20.8(a).
Appears in 1 contract
Set-off authorised. If a Transaction Party does not pay any amount when due and payable by it to any Finance Party under a Transaction Document, the Finance Party may:
(a) apply any credit balance in any currency in any account of the Transaction Party with the Finance Party in or towards satisfaction of that amount; and
(b) effect any currency conversion which may be required to make an application under clause 20.7(a18.7(a).
Appears in 1 contract
Samples: Syndicated Convertible Loan Facility Agreement (Samson Oil & Gas LTD)
