Common use of Currency and method of payments Clause in Contracts

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at Bank of New York, 0 Xxxx Xxxxxx, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent with correspondent bank Deutsche Bank at Bank of Trust Company America, New York, 0 Xxxx Xxxxxx, Xxx Xxxx York (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the SWIFT: FTSBNLR2R and account number: 04-013-685) with reference “Britannia Bulk plc”)"Box Ships Inc,— US$100m facility", or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at with correspondent bank Bank of America Intl. New YorkYork (correspondent bank SWIFT: BOFAUS3N (SWIFT: XXXXXX0X, 0 Xxxx Xxxxxx, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the beneficiary: ABN AMRO Bank N.V. Amsterdam and account number: XX00XXXX0000000000) with reference “Britannia Bulk plc$82,459,678.29 facility re m.v.’s ORCA I, XXXXXXXXX, XXXXXX, XXXXXXXX Y AND XXX H”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document (other than under a Master Agreement) shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of New York, 0 Xxxx Xxxxxx, Xxx Xxxx New York (SWIFT Code: XXXXXX0X; Account No 890 0000000 SWIFT Code XXXXXX0X quoting the No. 8900429585) with reference “Britannia Bulk plcAttn Loans Admin - Costamare –$180m facility”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower and any Security Party under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower or another Security Party to the Agent or any Lender, to the account of the Agent at The Bank of New York, 0 Xxxx XxxxxxNew York (Account: NIBC Bank NV, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”064 7140 0239, BIC: XXXXXX0X, Sort code: ABA 000000000), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document (other than under a Master Agreement) shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of New York, 0 Xxxx Xxxxxx, Xxx Xxxx New York (SWIFT Code: XXXXXX0X; Account No 890 0000000 SWIFT Code XXXXXX0X quoting the No. 8900429585) with reference “Britannia Bulk plcAttn Loans Admin - Costamare –$176,842,100 facility”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of with a bank in New York, 0 Xxxx Xxxxxx, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference : “Britannia Bulk plcPortorosa Marine Corp.. and Floral Marine Ltd.”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of with a bank in New York, 0 Xxxx Xxxxxx, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”: "Pueblo Holdings Ltd. and Surf Maritime Co."), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of with a bank in New York, 0 Xxxx Xxxxxx, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference : “Britannia Bulk plcPortorosa Marine Corp.. and Surf Maritime Co.”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent with correspondent bank Deutsche Bank at Bank of Trust Company America, New York, 0 Xxxx Xxxxxx, Xxx Xxxx York (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the SWIFT: FTSBNLR2R and account number: 04-013-685) with reference “Britannia Bulk plcBox Ships Inc.– US$100m facility”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City London time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement);; and as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at Bank of New YorkXX Xxxxxx Xxxxx Bank, 0 Xxxx Xxxxxx, Xxx Xxxx SWIFT: XXXXXX00 (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”), 0011331808) or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the a Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at X.X. Xxxxxx Xxxxx Bank of New York, 0 Xxxx Xxxxxx, Xxx Xxxx (SWIFT Code XXXXXX00) (Account No 890 0000000 No. 001 1331 808 in favour of Hamburg Commercial Bank AG, SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”), XXXXXXXX) or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made made: (a) by the Lenders to the Agent; or (b) by either Borrower to the Agent, the Security Trustee or by the Borrower any Lender, under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (ai) by not later than 11.00 10.00 a.m. (New York City time) on the due date; (bii) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement);; and (ciii) if in Dollars and in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at Bank of New YorkAmerica, 0 Xxxx XxxxxxSwift XXXXXX0X, Xxx Xxxx Fed Wire: 000000000 CHIPS 0959, beneficiary account name ABN AMRO Bank N.V,, Amsterdam (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”Swift: XXXXXX0X), beneficiary account No. 06550368324) with reference, or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable Parties or to such other account with such other bank as the Security Trustee, to such account as it Trustee may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower and any Security Party under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower or another Security Party to the Agent or any Lender, to the account of the Agent at The Bank of New York, 0 Xxxx XxxxxxNew York at 0000 Xxxxxx xx Xxxxxxxx, Xxxxx 0, Xxx Xxxx XX00000 (Account: NIBC Bank NV, Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”064 7140, BIC: XXXXXX0X, Sort code: ABA 000000000 for further credit to 00000000000000/STI Ville Shipping Company Ltd/STI Fontvielle Shipping Company Ltd), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at DNB BANK ASA, (DNB Bank of New YorkASA, 0 Xxxx XxxxxxShip Finance, Xxx Xxxx (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”)IBAN: XX00 0000 0000 0000 0000 0, SWIFT: XXXXXXXX00X) or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at HSBC Bank USA, New York (Swift: MXXXXX00) for credit of New York, 0 Xxxx Xxxxxx, Xxx Xxxx DVB Group Merchant Bank (Asia) Ltd (Swift: DVKBSGSG) (Account No 890 0000000 SWIFT Code XXXXXX0X quoting the reference “Britannia Bulk plc”No. 000.305.189), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.