Borrower's Account. The Borrower shall continuously maintain the Borrower's Account for the purposes herein contemplated.
Borrower's Account. Lender may charge to Borrower's loan account at any time the amounts of all Obligations (and interest, if any, thereon) owing by Borrower to Lender, including (without limitation) loans, Advances, debts, liabilities, obligations acquired by purchase, assignment or participation and all other obligations, whenever arising, whether absolute or contingent and whether due or to become due; also the amount of all costs and expenses and all attorneys' fees and legal expenses incurred in connection with efforts made to enforce payment of such obligations, or to obtain payment of any Receivables, or the foreclosure of any Collateral or in the prosecution or defense of any actions or proceedings relating in any way to this Agreement whether or not suit is commenced, including reasonable attorneys' fees and legal expenses incurred in connection with any appeal of a lower court's order or judgment; and also the amounts of all unpaid taxes and the like, owing by Borrower to any governmental authority or required to be deposited by Borrower, which Lender pays or deposits for Borrower's account. All of Borrower's borrowings hereunder and (unless otherwise specified) all other obligations which are chargeable to Borrower's loan account shall be payable ON DEMAND; recourse to security will not be required at any time. All sums at any time standing to Borrower's credit on Lender's books and all of Borrower's property at any time in Lender's possession or upon or in which Lender has a Security Interest, may be held by Lender as security for all obligations which are chargeable to Borrower's loan account. Subject to the foregoing, Lender, at Borrower's request, will remit to Borrower any net balance standing to Borrower's credit on Lender's books. Lender will account to Borrower monthly and each monthly accounting will be fully binding on Borrower, unless, within thirty days thereafter, Borrower gives Lender specific written notice of exceptions. All debit balances in Borrower's loan account will bear interest as provided in Paragraph 5 of this Agreement. If Lender so requests at any time, Borrower will immediately execute and deliver to Lender a promissory note in negotiable form payable on demand to Lender's order in a principal amount equal to the amount of the debit balance in Borrower's loan account, with interest as provided in Paragraph 5 of this Agreement. In any event, Borrower covenants to pay all Advances, debts, accounts and interest when due.
Borrower's Account. Forthwith upon receipt, pay all cash receipts from the Mining Properties or the Business (including all proceeds of insurance and reinsurance) into the Borrower’s Account. Direct all parties to the Material Contracts, insurers and all other Persons from whom any Credit Party may become entitled to receive payments (including proceeds arising from sale of production, business interruption insurance, liquidated damages under any Material Contract, any performance bond, letter of credit or guarantee, any warranty claim, the sale of, or grant of any interest in any part of the Mining Properties, any expropriation or property insurance) to pay all such amounts directly to the Borrower’s Account. No withdrawals or transfers will be permitted from the Borrower’s Account except for payment of the following amounts in the following order of priority and otherwise as agreed to by the Lender:
(i) first, interest, fees, principal and any other amounts then due and payable to the Lender under the Credit Documents; and
(ii) second, for payments of all other amounts permitted to be paid pursuant to this Agreement.
Borrower's Account. Following the effectiveness of this Contract, the Borrower shall open an account with the Entrustee or a designated branch thereof, which shall be used for such purposes as drawdown, repayment of principal and payment of interest. The Borrower shall, no less than five days prior to the expiry of each drawdown, deposit into the Entrusted Loan Account a sufficient amount for the repayment of the principal and the payment of the interest as they fall due. The settlement of the accounts and settlement and sale of foreign exchange in connection with the sale of relevant products from the projects [or trading] financed by the Entrusted Loan, shall be handled with the Entrustee or any of its branches. [Optional] Or: The Borrower shall, procure from the Entrustee or any of its branches such intermediate services as local and foreign currency depositing, international and domestic settlement, foreign exchange settlement and sale in a proportion no lower than the ratio of the Entrusted Loan to the aggregate of all the outstanding borrowings by the Borrower from the other banks. [Optional]
Borrower's Account. The Borrower shall, until the Term Loan Termination Date, continuously maintain the Borrower's Account for the purposes herein contemplated.
Borrower's Account. The Borrower shall continuously maintain the Borrower's Account until the Revolving Credit Termination Date.
Borrower's Account. At all times during the term of this Agreement maintain Borrower's Account so long as the terms thereof are as favorable to Borrower as those generally available for similar customers with comparable accounts.
Borrower's Account withdrawals Unless the Bank otherwise agrees in writing, the Borrower shall not be entitled to withdraw any moneys from the Borrower’s Account at any time from 13 March 2009 and so long as any moneys are owing under the Security Documents save that, unless and until a Default shall occur and the Bank shall direct to the contrary, the Borrower may request that moneys are released from the Borrower’s Account subject always to the provisions of clause 9.2.7.
Borrower's Account. All advances made on the Loan shall be deemed to be made for the account of both Borrowers irrespective of the use made by any Borrower of the funds so advanced.
Borrower's Account. The Borrower shall continuously maintain the ------------------ Borrower's Account for the purposes herein contemplated.
