Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off), a sum payable by the Borrowers to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
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Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off)26, a sum payable by any Borrower or the Borrowers Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off/Bail-In), a sum payable by the Borrowers to the Agent or the Security Trustee Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Clause 25 22 (Set-Off), a sum payable by the Borrowers Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Clause 25 22 (Set-Off), a sum payable by the Borrowers Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (Prestige Cruises International, Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off), a sum payable by the Borrowers Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off), a sum payable by the Borrowers any Obligor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off)25.3, a sum payable by the Borrowers Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off)27, a sum payable by the Borrowers Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)
Sums deemed due to a Lender. For the purposes of this Clause 25 (Set-Off)Section 26, a sum payable by the Borrowers to the Administrative Agent or the Security Trustee Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Pacific Drilling S.A.)
