By Banks Clause Samples
By Banks. On each date on which an Advance is to be made, each Bank shall make its share of that Advance available to the Agent. Each such amount shall be made available in the currency in which that Advance is to be denominated in such funds and by such time on the due date as may then be generally accepted for the settlement in the Place of Payment of international payments in that currency to such account with such bank in the Place of Payment as the Agent may specify. If so requested by the Agent, the relevant Bank will promptly confirm to the Agent that it will make the relevant payment as required by this Clause 16.1.
By Banks. (a) On each date on which an Advance is to be made, each Bank shall make its share of that Advance available to the Facility Agent in the place for payment to the relevant Borrower by payment in the currency of that Advance and in immediately available cleared funds to such account as the Facility Agent shall specify.
(b) The Facility Agent shall make the amounts so made available to it available to the relevant Borrower before close of business in the place of payment on that date by payment in the same currency and funds as received by the Facility Agent to such account of the relevant Borrower as shall have been specified in the Drawing Request requesting that Advance. If any Bank makes its share of any Advance available to the Facility Agent later than required by Clause 14.1(a) (By Banks), the Facility Agent shall make that share available to the relevant Borrower as soon as practicable thereafter.
By Banks. (a) On each date on which an Advance or Utilisation is to be made, each Bank shall make its share of that Advance or Utilisation available to the Facility Agent in the place for payment to the Borrower by payment in Sterling and in immediately available cleared funds to such account as the Facility Agent shall specify.
(b) The Facility Agent shall make the amounts so made available to it available to the Borrower, the Project Company or such other person as specified in the relevant Request or L/C Request before close of business in the place of payment on that date by payment in the same currency and funds as received by the Facility Agent to such account of the Borrower , the Project Company or other person as shall have been specified in the Request or L/C Request. If any Bank makes its share of any Advance or Utilisation available to the Facility Agent later than required by paragraph (a) above, the Facility Agent shall make that share available to the Borrower, the Project Company or other person as soon as practicable thereafter.
By Banks. 12.1.1 On each date on which an Advance is to be made, each Bank shall make its share of that Advance available to the Facility Agent on that date by payment in the currency of that Advance and in immediately available cleared funds to such account as the Facility Agent shall specify for that purpose.
12.1.2 The Facility Agent shall make the amounts so paid to it available to the relevant Borrower before close of business on that date by payment in the same currency and funds as received by the Facility Agent to such account of the relevant Borrower as the Obligors' Agent shall have specified in the notice requesting that Advance. If any Bank makes its share of any Advance available to the Facility Agent later than required by sub-clause 12.
1.1, the Facility Agent shall make that share available to the relevant Borrower as soon as practicable thereafter.