Common use of Distributions to the Borrower Clause in Contracts

Distributions to the Borrower. The Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-off)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 8 contracts

Samples: Agreement (Himalaya Shipping Ltd.), Credit Facility Agreement (Sap Ag), Credit Facility Agreement (Sap Ag)

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Distributions to the Borrower. The Agent may (with the Borrower's consent of the Borrower or in accordance with Clause 28 (Set-off)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 2 contracts

Samples: Agreement (Mobile Telesystems Ojsc), Term Loan Facilities Agreement (Sterlite Industries (India) LTD)

Distributions to the Borrower. The Agent may (with the consent of the Borrower or in accordance with Clause 28 31 (Set-off)) apply any amount received by it for the account of the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents Documents, or in or towards purchase of any amount of any currency to be so applied.

Appears in 2 contracts

Samples: Facility Agreement (Western Wireless Corp), Facility Agreement (Western Wireless Corp)

Distributions to the Borrower. The Agent may (with the Borrower's consent of the Borrower or in accordance with Clause 28 (Set-offOff)) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Agreement (Chartered Semiconductor Manufacturing LTD)

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Distributions to the Borrower. The Agent may (with the consent of the Borrower or in accordance with Clause 28 (Set-off)24) apply any amount received by it for the Borrower in or towards payment (on the date and in the currency and funds of receipt) of any amount due from the Borrower under the Finance Documents or in or towards purchase of any amount of any currency to be so applied.

Appears in 1 contract

Samples: Project Facility Agreement (Golden Star Resources LTD)

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