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 28.3 (Distributions to the Borrower), Clause 28.4 (Clawback), Clause 25.17 (Deduction from amounts payable by the Facility Agent or the Security Agent) and Clause 28.10 (Payments to the Security 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 Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency.

Appears in 4 contracts

Samples: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

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Distributions by the Facility Agent. Each payment received by the Facility Agent (or, if applicable, the Special Rate Agent) under the Finance Documents for another Party shall, subject to Clause 28.3 Clauses 27.3 (Distributions to the Borroweran Obligor), Clause 28.4 27.4 (Clawback), Clause 25.17 (Deduction from amounts payable by the Facility Agent or the Security Agent) and Clause 28.10 27.10 (Payments to the Security Agent) Agent and the Joint & Several Creditor), be made available by the Facility Agent (or, if applicable, the Special Rate Agent) as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent (or, if applicable, the Special Rate Agent) by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency.

Appears in 2 contracts

Samples: Agreement (Mechel OAO), Facility Agreement (Mechel OAO)

Distributions by the Facility Agent. Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to the Borrower), Clause 28.4 (Clawback), Clause 25.17 26.17 (Deduction from amounts payable Amounts Payable by the Facility Agent or the Security Agent) and ), Clause 28.10 27.4 (Payments to the Security Agent), Clause 30.3 (Distributions to an Obligor) 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 (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days' notice with a bank in the principal financial centre of the country of that currency.

Appears in 2 contracts

Samples: Consent and Agreement (Harry Winston Diamond Corp), Consent and Agreement (Harry Winston Diamond Corp)

Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to the Borrower), Clause 28.4 (Clawback), Clause 25.17 28.18 (Deduction from amounts payable by the Facility Agent or the Security Agent), Clause 31.3 (Distributions to an Obligor), Clause 31.4 (Clawback and pre-funding), Clause 31.6 (Partial payments) and Clause 28.10 (Payments to the Security Agent) Intercreditor Agreement, be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive such payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank specified by that Party in the principal financial centre of the country of that currencythe currency of such payment.

Appears in 2 contracts

Samples: Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.), Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.)

Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 27.3 (Distributions to the Borrower), Clause 28.4 27.4 (Clawback), ) and Clause 25.17 24.16 (Deduction from amounts payable by the Facility Agent or the Security Agent) and Clause 28.10 (Payments to the Security 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 Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

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Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to the Borrower), Clause 28.4 (Clawback), ) and Clause 25.17 25.16 (Deduction from amounts payable by the Facility Agent or the Security Agent) and Clause 28.10 (Payments to the Security 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 Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Distributions by the Facility Agent. (a) Each payment received or recovered by the Facility Agent under the any Finance Documents for another Party shall, subject to Clause 28.3 30.3 (Distributions to the Borroweran Obligor), Clause 28.4 30.4 (Clawback), Clause 25.17 30.5 (Partial payments) and Clause 28.16 (Deduction from amounts payable by the Facility Agent or the Security Agent) and Clause 28.10 (Payments to the Security Agent) Transaction Agents), be made available by the Facility Agent as soon as practicable after receipt or recovery to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank in the principal financial centre of the country of that currencythe currency of such payment.

Appears in 1 contract

Samples: Senior Facilities Agreement (OneSmart International Education Group LTD)

Distributions by the Facility Agent. (a) Each payment received by the Facility Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to the Borrower), Clause 28.4 (Clawback), Clause 25.17 28.17 (Deduction from amounts payable by the Facility Agent or Agent), Clause 31.3 (Distributions to an Obligor), Clause 31.4 (Clawback and pre-funding), Clause 31.6 (Partial payments) and the Security Agent) and Clause 28.10 (Payments to the Security Agent) Trust Agreement, be made available by the Facility Agent as soon as practicable after receipt to the Party entitled to receive such payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Facility Agent by not less than five (5) Business Days’ notice with a bank specified by that Party in the principal financial centre of the country of that currencythe currency of such payment.

Appears in 1 contract

Samples: Facilities Agreement (RISE Education Cayman LTD)

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