Common use of Distributions by the Facility Agent Clause in Contracts

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to clause 30.3 (Distributions to a Borrower) and Clause 30.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such bank account as that Party may notify to the Facility Agent by not less than 5 (five) Business Days’ notice.

Appears in 1 contract

Samples: Facilities Agreement (UTi WORLDWIDE INC)

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Distributions by the Facility Agent. 9.2.1 Each payment received by the Facility Agent under the Finance Documents this Agreement for another Party party shall, subject to clause 30.3 Clause 9.3 (Distributions to a the Borrower) and Clause 30.4 9.4 (Clawback) ), be made available by the Facility Agent Agent, as soon as practicable after receipt receipt, to the Party party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Bank, for the account of its Facility Office), to such account and bank account as that Party party may notify to the Facility Agent by not less than 5 five (five5) Business Banking Days’ notice.

Appears in 1 contract

Samples: Facility Agreement (Stena Ab)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to clause 30.3 Clause 26.3 (Distributions to a Borrower), Clause 26.4 (Clawback) and Clause 30.4 23.15 (ClawbackDeduction from amounts payable by the Facility Agent) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its office), to such bank account as that Party may notify to the Facility Agent by not less than 5 (five) five Business Days’ notice.

Appears in 1 contract

Samples: Facility Agreement (Cemex Sab De Cv)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to clause 30.3 (Distributions to a Borrower) 28.3 and Clause 30.4 (Clawback) clause 28.4 be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such bank account as that Party may notify to the Facility Agent by not less than 5 (five) five Business Days’ notice.

Appears in 1 contract

Samples: Agreement (Commercial Metals Co)

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Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to clause 30.3 (Distributions to a Borrower) and Clause 30.4 32.3 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement, to such bank account as that Party may notify to the Facility Agent by not less than 5 five (five5) Business Days' notice.

Appears in 1 contract

Samples: Agreement (Flex LNG Ltd.)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to clause 30.3 Clause 15.1.3 (Distributions to a Borrowerthe Obligor) and Clause 30.4 15.1.4 (Clawback) be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this AgreementAgreement (in the case of a Lender, for the account of its Facility Office), to such bank account as that Party may notify to the Facility Agent by not less than 5 (five) five Business Days’ Days notice.

Appears in 1 contract

Samples: Agreement (Central European Distribution Corp)

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