PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which has the greatest proportion of that amount still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.2.
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Samples: Guarantor Agreement (Crown Castle International Corp), Loan Agreement (Emap PLC)
PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which has the greatest proportion of that amount still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.214.2.
Appears in 1 contract
PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where where: P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which has the greatest proportion of that amount still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.214.2.
Appears in 1 contract
Samples: Loan Agreement (Polaroid Corp)
PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which who, amongst the Lenders has the greatest proportion of that the aggregate amount due to it still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.212.2.
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Samples: NCL Holding Asa
PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which has the greatest proportion of that amount still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.217.2.
Appears in 1 contract
Samples: Loan Agreement (Emap PLC)
PAYMENT TO THE AGENT. The Recipient agrees to pay to the Agent an amount calculated as follows: P = D (X - Y) where P = the amount payable to the Agent D = the aggregate amount due to the Recipient out of which an amount has been discharged X = the fraction of D which has been discharged Y = the fraction which has been discharged, if any, of the aggregate amount due to the Lender which has the greatest proportion of that amount still outstanding. This amount will be paid no later than five Business Days after receipt of a notice from the Agent under Clause 13.215.2.
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