Common use of Distributions by the Agent Clause in Contracts

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 30.3 (Distributions to an Obligor), Clause 30.4 (Clawback) and Clause 30.9 (Payments to the Security Trustee) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than five Business Days’ notice with a bank in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan to the Lender indicated in the records of the Agent as being so entitled on that date Provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 24 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 30.3 29.3 (Distributions to an Obligor), Clause 30.4 (Clawback) and Clause 30.9 29.4 (Payments to the Security TrusteeClawback) be made available by the Agent as soon as reasonably practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than five 5 Business Days’ ' notice with a bank in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan and any Swap Liabilities to the Lender and the Swap Bank indicated in the records of the Agent as being so entitled on that date Provided date, provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause 24 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 30.3 31.3 (Distributions to an Obligor), Clause 30.4 (Clawback) and Clause 30.9 31.4 (Payments to the Security TrusteeClawback and pre-funding) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than five Business Days’ notice with a bank specified by that Party in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan to the Lender indicated in the records of the Agent as being so entitled on that date Provided provided that the Agent is authorised to distribute payments to be made on the date on which any transfer and any increase becomes effective pursuant to Clause 24 25 (Changes to the Lenders) and Clause 2.2 (Increase) to the Lender so entitled immediately before such transfer or increase took place regardless of the period to which such sums relate.

Distributions by the Agent. (a) Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 30.3 clause 29.3 (Distributions to an Obligor), Clause 30.4 ) and clause 29.4 (Clawback) and Clause 30.9 clause 29.10 (Payments Payment to the Security Trustee) be made available by the Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than five Business Days’ notice with a bank in the principal financial centre of the country of that currency. (b) The Agent shall distribute payments received by it in relation to all or any part of a Loan to the Lender indicated in the records of the Agent as being so entitled on that date Provided that the Agent is authorised to distribute payments to be made on the date on which any transfer becomes effective pursuant to Clause clause 24 (Changes to the Lenders) to the Lender so entitled immediately before such transfer took place regardless of the period to which such sums relate.