Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any of the Obligors to make any payments under any of the Finance Documents in the manner specified in Clause 23.1 (Payments to the Agent), then such Obligor may agree with each or any of the Banks alternative arrangements for the payment direct to such Bank of amounts due to such Bank under any of the Finance Documents Provided that, in the absence of any such agreement with any Bank, such Obligor shall be obliged to make all payments due to such Bank in the manner specified herein. Upon reaching such agreement such Obligor and such Bank shall immediately notify the Agent thereof and shall thereafter promptly notify the Agent of all payments made direct to such Bank.
Appears in 1 contract
Sources: Facility Agreement (Adt Limited)
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any either or both of the Obligors to make any payments under any of the Finance Documents hereunder in the manner specified in Clause 23.1 20.1 (Payments to the Agent), then such Obligor may agree with each or any of the Banks alternative arrangements for the payment direct to such Bank of amounts due to such Bank under any of the Finance Documents hereunder Provided that, in the absence of any such agreement with any Bank, such Obligor shall be obliged to make all payments due to such Bank in the manner specified herein. Upon reaching such agreement such Obligor and such Bank shall immediately notify the Agent thereof and shall thereafter promptly notify the Agent of all payments made direct to such Bank.
Appears in 1 contract
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any of the Obligors Borrower to make any payments under any of the Finance Documents hereunder in the manner specified in Clause 23.1 25.1 (Payments to the AgentBank), then such Obligor the Borrower may agree with each or any of the Banks Bank's alternative arrangements for the payment direct to such the Bank of amounts due to such the Bank under any of the Finance Documents Provided hereunder provided that, in the absence of any such agreement with any the Bank, such Obligor the Borrower shall be obliged to make all payments due to such the Bank in the manner specified herein. Upon reaching such agreement such Obligor and such Bank shall immediately notify the Agent thereof and shall thereafter promptly notify the Agent of all payments made direct to such Bank.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Capital One Financial Corp)
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any or all of the Obligors to make any payments under any of the Finance Documents hereunder in the manner specified in Clause 23.1 25.1 (Payments to the AgentBank), then such Obligor may agree with each or any of the Banks Bank's alternative arrangements for the payment direct to such the Bank of amounts due to such the Bank under any of the Finance Documents Provided hereunder provided that, in the absence of any such agreement with any the Bank, such Obligor shall be obliged to make all payments due to such the Bank in the manner specified herein. Upon reaching such agreement such Obligor and such Bank shall immediately notify the Agent thereof and shall thereafter promptly notify the Agent of all payments made direct to such Bank.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Capital One Financial Corp)
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any of the Obligors Borrowers to make any payments under any of the Finance Documents this Agreement in the manner specified in Clause 23.1 19.1 (Payments to the Facility Agent), then such Obligor the Borrowers may agree with each or any of the Banks alternative arrangements for the payment direct to such Bank of amounts due to such Bank under any of the Finance Documents this Agreement Provided that, in the absence of any such agreement with any Bank, such Obligor the Borrowers shall be obliged to make all payments due to such Bank in the manner specified hereinin this Agreement. Upon reaching such agreement such Obligor the Borrowers and such Bank shall immediately notify the Facility Agent thereof of such agreement and shall thereafter promptly notify the Facility Agent of all payments made direct to such Bank.
Appears in 1 contract
Sources: Dual Currency Bridge Loan Agreement (Hungarian Telephone & Cable Corp)
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any of the Obligors Borrower to make any payments under any of the Finance Documents hereunder in the manner specified in Clause 23.1 18.1 (Payments to the Agent), then such Obligor the Borrower may agree with each or any of the Banks alternative arrangements for the payment direct to such Bank of amounts due to such Bank under any of the Finance Documents hereunder Provided that, in the absence of any such agreement with any Bank, such Obligor the Borrower shall be obliged to make all payments due to such Bank in the manner specified herein. Upon reaching such agreement such Obligor the Borrower and such Bank shall immediately notify the Agent thereof and shall thereafter promptly notify the Agent of all payments made direct to such Bank.
Appears in 1 contract
Alternative Payment. Arrangements If, at any time, it shall become impracticable (by reason of any action of any governmental authority or any change in law, exchange control regulations or any similar event) for any or all of the Obligors to make any payments under any of the Finance Documents hereunder in the manner specified in Clause 23.1 29.1 (Payments to the AgentAgents), then such Obligor may agree with each or any of the Banks alternative arrangements for the payment direct to such Bank of amounts due to such Bank under any of the Finance Documents hereunder Provided that, in the absence of any such agreement with any Bank, such Obligor shall be obliged to make all payments due to such Bank in the manner specified herein. Upon reaching such agreement such Obligor and such Bank shall immediately notify the appropriate Agent thereof and shall thereafter promptly notify the such Agent of all payments made direct to such Bank.
Appears in 1 contract
Sources: Multicurrency Revolving Credit Agreement (Royal Ahold)