Payments to Finance Parties. If any amount owing by an Obligor under a Senior Finance Document to a Finance Party (a “Recovering Finance Party”) is discharged by payment, set-off or any other manner other than through the Agent in accordance with Clause 15 (Payments) (such amount being referred to in Clause 26 (Pro Rata Payments) as a “Recovery”), then, subject to Clause 26.5 (Exceptions):
Appears in 2 contracts
Samples: Facilities Agreement (United Biscuits Finance PLC), Facilities Agreement (United Biscuits Finance PLC)
Payments to Finance Parties. If any amount owing by an Obligor under a Senior the Finance Document Documents to a Finance Party (a the “Recovering Finance Party”) is discharged by payment, set-off or any other manner other than through the Agent in accordance with Clause 15 clause 31 (PaymentsPayment mechanics) (such amount being referred to in Clause 26 (Pro Rata Payments) as a “Recovery”), then, subject to Clause 26.5 (Exceptions)::
Appears in 1 contract
Payments to Finance Parties. If any amount owing by an Obligor under a Senior the Finance Document Documents to a Finance Party (a “the "Recovering Finance Party”") is discharged by payment, set-off or any other manner other than through the Agent in accordance with Clause 15 clause 31 (PaymentsPayment mechanics) (such amount being referred to in Clause 26 (Pro Rata Payments) as a “"Recovery”"), then, subject to Clause 26.5 (Exceptions)::
Appears in 1 contract
Samples: Agreement (Mercer International Inc)