Common use of Alternative Arrangements Clause in Contracts

Alternative Arrangements. If the Agent believes that it is, or will be, illegal or impossible for it to pay on to a Lender in accordance with paragraph (A), it agrees to notify the Borrowers' Agent and that Lender. In this case the Borrowers' Agent and that Lender may agree alternative arrangements for payments to be made to that Lender. Paragraph (A) will not apply to the extent excluded by those alternative arrangements. That Lender agrees to provide notice of the arrangements to the Agent and will notify the Agent of payments in accordance with Clause 14.1.

Appears in 1 contract

Samples: Designation Agreement (Havas Advertising)

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Alternative Arrangements. If the Agent believes determines that it is, or will be, illegal or impossible for it to pay on to a Lender in accordance with paragraph (Aa), it agrees to notify the Borrowers' Agent Borrower and that Lender. In this case the Borrowers' Agent Borrower and that Lender may agree on alternative arrangements for payments to be made to that Lender. Paragraph (Aa) will not apply to the extent excluded by those alternative arrangements. That The Lender agrees to provide notice of the arrangements to the Agent and will notify the Agent of payments in accordance with Clause 14.1SECTION 15(1).

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

Alternative Arrangements. If the Agent believes determines that it is, or will be, illegal or impossible for it to pay on to a Lender in accordance with paragraph (Aa), it agrees to notify the Borrowers' Agent Borrower and that Lender. In this case the Borrowers' Agent Borrower and that Lender may agree on alternative arrangements for payments to be made to that Lender. Paragraph (Aa) will not apply to the extent excluded by those alternative arrangements. That The Lender agrees to provide notice of the arrangements to the Agent and will notify the Agent of payments in accordance with Clause 14.1SECTION 13(1).

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

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Alternative Arrangements. If the Agent believes that it is, or will be, illegal or impossible for it to pay on to a Lender in accordance with paragraph (A), it agrees to notify the Borrowers' Agent Borrower and that Lender. In this case the Borrowers' Agent Borrower and that Lender may agree alternative arrangements for payments to be made to that Lender. Paragraph (A) will not apply to the extent excluded by those alternative arrangements. That Lender agrees to provide notice of the arrangements to the Agent and will notify the Agent of payments in accordance with Clause 14.112.1.

Appears in 1 contract

Samples: NCL Holding Asa

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