Common use of Payment of Proceeds Clause in Contracts

Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in a Loan available to the Facility Agent for the Company on the relevant Drawdown Date.

Appears in 2 contracts

Samples: Agreement (Azurix Corp), Subordination Agreement (Azurix Corp)

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Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in a the Loan available to the Facility Agent for the Company relevant Borrower on the relevant Drawdown Date.

Appears in 2 contracts

Samples: Agreement (WDR Acquisition Corp), Agreement (S Acquisition Corp)

Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in a each Loan available to the Facility Agent for the Company on the relevant Drawdown Date.

Appears in 2 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

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Payment of Proceeds. Subject to the terms of this Agreement, each Bank shall make its participation in a each Loan available to the Facility Agent for the Company on the relevant Drawdown Utilisation Date.

Appears in 2 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

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