Reimbursement to the Borrower. reimbursement to the Borrower of the Eligible Amounts already paid directly by the Borrower to the Supplier in excess of the Advance Payment. Such Eligible Amounts shall be payable by way of direct disbursement to the Borrower. Subject to Clause 3.4(b) (Sub-Limits), any amounts received by the Borrower by way of reimbursement may only be applied by the Borrower as follows:
Appears in 3 contracts
Samples: Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)
Reimbursement to the Borrower. reimbursement to the Borrower of the Eligible Amounts already paid directly by the Borrower to the Supplier in excess of the Advance Payment. Such Eligible Amounts shall be payable by way of direct disbursement to the Borrower. Subject to Clause 3.4(b) (Sub-LimitsSub‑Limits), any amounts received by the Borrower by way of reimbursement may only be applied by the Borrower as follows:
Appears in 3 contracts
Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.), Globalstar, Inc.
