Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 (Payments to the Agent) may instead either:
Appears in 7 contracts
Sources: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.
(b) A Party which has made a payment in accordance with this Clause 28.5 shall be discharged of the relevant payment obligation under the Finance Documents.
Appears in 7 contracts
Sources: Syndicated Loan Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:
Appears in 3 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.), Secured Loan Agreement (Safe Bulkers, Inc.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 33.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Sources: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)
Impaired Agent. If, at any time, the Agent becomes (and for so long as it is) an Impaired Agent, a Security Party an Obligor or a Lender Subscriber which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 36.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Sources: Note Subscription Agreement (CorpAcq Group PLC), Note Subscription Agreement (CorpAcq Group PLC)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 2 contracts
Sources: Unsecured NGN Term Facility Agreement (IHS Holding LTD), Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Sibanye Stillwater LTD)
Impaired Agent. (a) If, at any time, the Facility Agent becomes an Impaired Agent, a Security Party the Borrower or a Lender which is required to make a payment under the Finance Documents to the Facility Agent in accordance with Clause 29.1 27.1 (Payments to the Facility Agent) may instead either:
Appears in 1 contract
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Validus Holdings LTD)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either:either pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.
Appears in 1 contract
Sources: Facility Agreement (Imerys S.A.)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Sources: Loan Agreement (Safe Bulkers, Inc.)
Impaired Agent. (A) If, at any time, the Agent becomes an Impaired Agent, a Security Party the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 27.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Sources: Bridge and Term Facilities Agreement (Rentokil Initial PLC /Fi)
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party the Borrower or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 clause 39.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 27.1 (Payments to the Agent) may instead either:: (i) pay that amount direct to the required recipient(s); or
Appears in 1 contract
Sources: Facility Agreement (Ses S.A.)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:pay that amount direct to the required recipient(s). In that case such payments must be made on the due date for payment under the Finance Documents.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Alliance Data Systems Corp)
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 31.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Impaired Agent. 126. If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 28.1 (Payments to the Agent) may instead either:pay that amount direct to the required recipient(s). Such payments must be made on the due date for payment under the Finance Documents.
Appears in 1 contract
Impaired Agent. If, at any time, the Agent becomes an Impaired Agent, a Security Party or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 30.1 (Payments to the Agent) may instead either:
Appears in 1 contract
Impaired Agent. (a) If, at any time, the Agent becomes an Impaired Agent, a Security Party an Obligor or a Lender which is required to make a payment under the Finance Documents to the Agent in accordance with Clause 29.1 (Payments to the Agent) may instead either:: (i) pay that amount direct to the required recipient(s); or
Appears in 1 contract
Sources: Bridge Facility Agreement (Ses S.A.)