Common use of Distributions by the Agent Clause in Contracts

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) and Clause 28.4 (Clawback) 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.

Appears in 2 contracts

Sources: Facility Agreement (Salton Inc), Facility Agreement (Salton Inc)

Distributions by the Agent. Each payment received by the an Agent under the Finance Documents for another Party shall, subject to Clause 28.3 30.3 (Distributions to an Obligorthe Borrower) and Clause 28.4 30.4 (Clawback) be made available by the such Agent as soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a LenderBank, for the account of its Facility Office), to such account as that Party may notify to the such Agent by not less than five (5) Business Days' notice.

Appears in 2 contracts

Sources: Loan Agreement (Western Wireless Corp), Loan Agreement (Western Wireless Corp)

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) 30.3 and Clause 28.4 (Clawback) 30.4 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' noticenotice with a bank in the principal financial centre of the country of that currency.

Appears in 2 contracts

Sources: Facilities Agreement (Inveresk Research Group LTD), Facilities Agreement (Inveresk Research Group Inc)

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) 23.3 and Clause 28.4 (Clawback) 23.4 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' noticenotice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Sources: Wassa Project Facility Agreement (Golden Star Resources LTD)

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 clause 30.3 (Distributions to an Obligor) and Clause 28.4 clause 30.4 (Clawback) 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' noticenotice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Sources: Facility Agreement (Elbit Medical Imaging LTD)

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligorthe Obligors) and Clause 28.4 (Clawback) 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' noticenotice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Sources: Facility Agreement (Sterlite Industries (India) LTD)

Distributions by the Agent. Each payment received by the Agent under the The Finance Documents for another Party shall, subject Subject to Clause 28.3 (Distributions to an Obligorthe Obligors) and Clause 28.4 (Clawback) 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' noticenotice with a bank in the principal financial centre of the country of that currency.

Appears in 1 contract

Sources: Facility Agreement (Sterlite Industries (India) LTD)

Distributions by the Agent. Each payment received by the Agent under the Finance Documents for another Party shall, subject to Clause 28.3 (Distributions to an Obligor) clause 29.3 and Clause 28.4 (Clawback) clause 29.4 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 5 Business Days' noticenotice with a bank specified by that Party in the principal financial centre of the country of that currency.

Appears in 1 contract

Sources: Backstop Facility Agreement