Common use of Payments by Agent Clause in Contracts

Payments by Agent. With effect on and from the Substitution Date Agent must make all payments due under the Loan Agreement in connection with the Substituted Commitment to the Substitute Lender, without having any further responsibility to Retiring Lender in respect of the same.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement (Peplin Inc), Loan Agreement (Peplin Inc)

Payments by Agent. With effect on and from the Substitution Date the Agent must make all payments due under the Loan Facility Agreement in connection with the Substituted Commitment to the Substitute Lender, without having any further responsibility to the Retiring Lender in respect of the same.

Appears in 1 contract

Sources: Project Facility Agreement (Paringa Resources LTD)