Borrower’s irrevocable payment instructions. The Lenders shall not be obliged to fulfil their obligation to make the Loan available other than by paying the Builder the Total Financed Contract Price (or (as the context may require) the amount thereof drawn down) on behalf of and in the name of the Borrower and by reimbursing the Agent for the related Coface Premium. The Borrower hereby instructs the Lenders in accordance with this Clause 3.2:
Appears in 6 contracts
Samples: Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)
Borrower’s irrevocable payment instructions. The Lenders shall not be obliged to fulfil their obligation to make the Loan available other than by paying the Builder the Total Financed Contract Price (or (as the context may require) the amount thereof drawn downrequested to be paid) on behalf of and in the name of the Borrower and by reimbursing the Agent for the related Coface Premium. The Each of the Lenders and the Borrower hereby instructs the Lenders Agent in accordance with this Clause 3.23.3:
Appears in 4 contracts
Samples: Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)
Borrower’s irrevocable payment instructions. The Lenders shall not be obliged to fulfil their obligation to make the Loan available other than by paying the Builder all or part of 80% of the Total Financed Final Contract Price (or (as up to the context may require) the amount thereof drawn down) Eligible Amount on behalf of and in the name of the Borrower and by reimbursing the Agent for the related Coface Premiuminstalment of the SACE Premium payable on the Delivery Date. The Borrower hereby instructs the Lenders in accordance with this Clause 3.24.1:
Appears in 3 contracts
Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)
Borrower’s irrevocable payment instructions. The Lenders shall shell not be obliged to fulfil their obligation to make the Loan available other than by paying the Builder all or part of 80% of the Total Financed Final Contract Price (or (as up to the context may require) the amount thereof drawn down) Eligible Amount on behalf of and in the name of the Borrower and by reimbursing the Agent for the related Coface Premiuminstalment of the SACE Premium payable on the Delivery Date. The Borrower hereby instructs the Lenders in accordance with this Clause 3.24.1:
Appears in 1 contract
Samples: Loan Agreement (Prestige Cruises International, Inc.)
