Common use of Sums deemed due to a Lender Clause in Contracts

Sums deemed due to a Lender. For the purposes of this Clause 26, a sum payable by any of the Borrowers or the Guarantor to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.

Sums deemed due to a Lender. 3Sums deemed due to a Lender. For the purposes of this Clause 2625, a sum payable by any of the Borrowers or the Guarantor Borrower to the Agent or the Security Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.