Currency and method of payments. All payments to be made by the Borrower to the Lender under a Finance Document shall be made: (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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and (c) the account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrower.
Appears in 5 contracts
Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Currency and method of payments. All payments to be made by the any Borrower to the Lender under a Finance Document shall be mademade to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) the to such account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowerBorrowers.
Appears in 5 contracts
Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Currency and method of payments. All payments to be made by the Borrower to the Lender under a Finance Document shall be mademade to the Lender:
(a) by not later than 11.00 a.m. 11:00 am (New York City time) on the due date;:
(b) in same day Dollar funds settled through the New York Clearing House Interbank Payments Payment System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to the account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrower.
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Currency and method of payments. All payments to be made by the Borrower Borrowers to the Lender under a Finance Document shall be mademade to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) the to such account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowerBorrowers.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Currency and method of payments. All payments to be made by the Borrower to the Lender under a Finance Document shall be made:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to the account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrower.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
Currency and method of payments. All payments to be made by the Borrower to the Lender under a Finance Document shall be mademade to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) the such account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrower.
Appears in 1 contract
Currency and method of payments. All payments to be made by the Borrower to the Lender under a Finance Document shall be made:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) the to such account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrower.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
Currency and method of payments. All payments to be made by the Borrower Borrowers to the Lender under a Finance Document shall be mademade to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) the to such account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowerBorrowers.
Appears in 1 contract
Samples: Loan Agreement (Mc Shipping Inc)