Common use of DISTRIBUTIONS BY THE Clause in Contracts

DISTRIBUTIONS BY THE. AGENT Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 31.3 (DISTRIBUTIONS TO AN OBLIGOR) and Clause 31.4 (CLAWBACK) be made available by the 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 Agent by not less than five Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Credit Agreement (Sappi LTD)

AutoNDA by SimpleDocs

DISTRIBUTIONS BY THE. AGENT Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 31.3 29.3 (DISTRIBUTIONS TO AN OBLIGORDistributions to an Obligor) and Clause 31.4 29.4 (CLAWBACKClawback) be made available by the 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 Agent by not less than five Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Octel Corp)

DISTRIBUTIONS BY THE. AGENT Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 31.3 32.3 (DISTRIBUTIONS TO AN OBLIGORDistributions to an Obligor), Clause 32.4 (Clawback) and Clause 31.4 28.17 (CLAWBACKDeduction from amounts payable by the Agent) be made available by the 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 Agent by not less than five Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Solutia Inc)

AutoNDA by SimpleDocs

DISTRIBUTIONS BY THE. AGENT Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 31.3 32.3 (DISTRIBUTIONS TO AN OBLIGOR), Clause 32.4 (CLAWBACK) and Clause 31.4 28.16 (CLAWBACKDEDUCTION FROM AMOUNTS PAYABLE BY THE AGENT) be made available by the 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 Agent by not less than five Business Days' notice with a bank in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London).

Appears in 1 contract

Samples: Subordination Agreement (Grohe Holding GMBH)

Time is Money Join Law Insider Premium to draft better contracts faster.