Common use of Payments to Finance Parties Clause in Contracts

Payments to Finance Parties. If a Lender (a "Recovering Finance Party") receives or recovers any amount from the Borrower other than in accordance with Clause 24 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 2 contracts

Samples: Facility Agreement, ire.finanzas.gob.ec

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Payments to Finance Parties. (a) If a Lender Finance Party (a "Recovering Finance Party") receives or recovers any amount from the a Borrower other than in accordance with Clause 24 (Payment Mechanicsmechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (Tower Group International, Ltd.)

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Payments to Finance Parties. If a Lender (a "Recovering Finance Party") receives or recovers any amount from the Borrower an Obligor other than in accordance with Clause 24 32 (Payment Mechanics) (a "Recovered Amount") and applies that amount to a payment due under the Finance Documents then:

Appears in 1 contract

Samples: Facility Agreement (McDermott International Inc)

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