Common use of Deduction from amounts payable by the Agent Clause in Contracts

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.

Appears in 36 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Facilities Agreement (International Shipping Enterprises, Inc.), Facility Agreement (Tower Group International, Ltd.)

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Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents Documents, that Party shall be regarded as having received any amount so deducted.

Appears in 4 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Deduction from amounts payable by the Agent. If any Party party to this Facility Agreement or any Holder owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Partysuch party, deduct an amount not exceeding that amount from any payment to that Party such party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party such party shall be regarded as having received any amount so deducted.

Appears in 3 contracts

Samples: Facility Agreement (TPG Advisors IV, Inc.), Facility Agreement (TPG Advisors IV, Inc.), Facility Agreement (TPG Advisors IV, Inc.)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Fundamental Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Fundamental Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Fundamental Documents that Party shall be regarded as having received any amount so deducted.

Appears in 3 contracts

Samples: Limited Liability Partnership (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.), Letter of Credit and Reimbursement Agreement (Arch Capital Group Ltd.)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.. 122

Appears in 2 contracts

Samples: South Texas Supply Company, Inc., South Texas Supply Company, Inc.

Deduction from amounts payable by the Agent. If any Finance Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Finance Party, deduct an amount not exceeding that amount from any payment to that Finance Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Finance Party shall be regarded as having received any amount so deducted.

Appears in 2 contracts

Samples: And Restatement Agreement (Validus Holdings LTD), Agreement (Validus Holdings LTD)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Transaction Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Transaction Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Transaction Documents that Party shall be regarded as having received any amount so deducted.

Appears in 2 contracts

Samples: Facility Agreement (Avolon Holdings LTD), Facility Agreement (Avolon Holdings LTD)

Deduction from amounts payable by the Agent. If any Party party owes an amount to the Agent under the any Finance Documents Document the Agent may, after giving notice to that Partyparty, deduct an amount not exceeding that amount from any payment to that Party party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party party shall be regarded as having received such payment without any amount so deductedsuch deduction.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Qiagen Nv), Senior Facilities Agreement (Buhrmann Nv)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents Documents, that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Share Pledge Agreement (CGG Veritas)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents this Agreement the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents this Agreement and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Alvotech)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted. Notwithstanding the above, an Agent may not unless expressly authorised in writing by a Borrower, deduct any amount from any Loan requested by that Borrower.

Appears in 1 contract

Samples: Agreement (Luxottica Group Spa)

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Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.. 109

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent relevant agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents Documents, that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Gtech Senior Facilities Agreement (International Game Technology PLC)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.. ​ 109 ​

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Fundamental Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which that the Agent would otherwise be obliged to make under the Finance Fundamental Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Fundamental Documents that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Arch Capital Group Ltd.)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Facility Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Facility Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Facility Documents that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Facility Agreement (Cascal B.V.)

Deduction from amounts payable by the Agent. If any Party owes an amount to the Agent under the Finance Documents Documents, the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted.

Appears in 1 contract

Samples: Agreement (Solutia Inc)

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