Common use of Payments to Banks Clause in Contracts

Payments to Banks. If a Bank (a "RECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 (Payments), then such Recovering Bank shall:

Appears in 3 contracts

Samples: Credit Agreement (NTL Communications Corp), Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

AutoNDA by SimpleDocs

Payments to Banks. If a Bank (a "RECOVERING BANK"“Recovering Bank”) applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 25 (Payments), then such Recovering Bank shall:

Appears in 3 contracts

Samples: Confidentiality Agreement (Ace LTD), Confidentiality Agreement (Ace LTD), Ace LTD

Payments to Banks. If a Bank (a "RECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 31 (Payments), then such Recovering Bank shall:

Appears in 2 contracts

Samples: Credit Agreement (Transworld Healthcare Inc), NTL Inc/De/

Payments to Banks. If a Bank (a "RECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 27 (Payments), then such Recovering Bank shall:

Appears in 2 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/)

Payments to Banks. If a Bank (a "RECOVERING BANKRecovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 31 (Payments), then such Recovering Bank shall:

Appears in 2 contracts

Samples: Participation Agreement (Getronics N V), Agreement (Comple Tel LLC)

Payments to Banks. If a Bank (a "RECOVERING BANK"“Recovering Bank”) applies any receipt or recovery from an Obligor the Borrower to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 25 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

Payments to Banks. If a Bank (a "RECOVERING BANK"“Recovering Bank”) applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 23 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Confidentiality Agreement (Ace LTD)

Payments to Banks. If a Bank (a "RECOVERING BANKRecovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 25 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Gulfmark Offshore Inc

AutoNDA by SimpleDocs

Payments to Banks. If a Bank (a "RECOVERING BANK"Recovering Bank) applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 30 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Cemex Sa De Cv

Payments to Banks. If a Bank (a "RECOVERING BANK") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 25 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Term Facility Agreement (Zindart LTD)

Payments to Banks. If a Bank (a "RECOVERING BANKRecovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 34 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Agreement (Jazztel PLC)

Payments to Banks. If a Bank (a "RECOVERING BANKRecovering Bank") applies any receipt or recovery from an Obligor to a payment due under this Agreement and such amount is received or recovered other than in accordance with Clause 26 (Payments), then such Recovering Bank shall:

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

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