Common use of CONCERNING DISTRIBUTIONS BY THE AGENT Clause in Contracts

CONCERNING DISTRIBUTIONS BY THE AGENT. (a) The Agent, in its reasonable discretion based upon its determination of the likelihood that additional payments will be received, expenses incurred, and/or claims made by third parties to all or a portion of such proceeds, may delay the distribution of any payment received on account of the Liabilities.

Appears in 1 contract

Sources: Loan and Security Agreement (Lechters Inc)

CONCERNING DISTRIBUTIONS BY THE AGENT. (a) The Agent in the Agent, in its 's reasonable discretion based upon its the Agent's determination of the likelihood that additional payments will be received, expenses incurred, and/or claims made by third parties to all or a portion of such proceeds, may delay the distribution of any payment received on account of the Liabilities.

Appears in 1 contract

Sources: Loan Agreement (World of Science Inc)