Common use of Payment of Proceeds Clause in Contracts

Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in each Loan available to the Agent for the Company on the relevant Utilisation Date.

Appears in 2 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

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Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in each a Loan available to the Facility Agent for the Company on the relevant Utilisation Drawdown Date.

Appears in 2 contracts

Samples: Subordination Agreement (Azurix Corp), Agreement (Azurix Corp)

Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in each Loan available to the Agent for the Company on the relevant Utilisation Drawdown Date.

Appears in 2 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

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Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in each the Loan available to the Agent for the Company relevant Borrower on the relevant Utilisation Drawdown Date.

Appears in 2 contracts

Samples: Agreement (WDR Acquisition Corp), Agreement (S Acquisition Corp)

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