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 Security Parties 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 a Security Party to the Agent or any Lender, to Account No. 300030007278532 maintained at Nordea Bank Finland PLC, New York Branch, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA Number: 000000000, SWIFT: NDEAUS3NXXX, Attention: Credit Administration, re: Scorpio Tankers, 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 Security Parties 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 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 a Security Party any Borrower to the Agent or any Lender, to Account Nothe account of the Agent with correspondent bank Bank of America Intl. 300030007278532 maintained at Nordea Bank Finland PLC, New York Branch, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA Number: 000000000, (correspondent bank SWIFT: NDEAUS3NXXXBOFAUS3N (SWIFT: XXXXXX0X, Attentionbeneficiary: Credit AdministrationABN AMRO Bank N.V. Amsterdam and account number: XX00XXXX0000000000) with reference “$82,459,678.29 64,253,892.38 facility re m.v.’s ORCA I, re: Scorpio TankersXXXXXXXXX, XXXXXX, XXXXXXXX Y AND XXX X”, 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 Security Parties 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 a another Security Party to the Agent or any Lender, to Account No. 300030007278532 maintained at Nordea Bank Finland PLCPlc, New York Branch, Branch located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA Number: No. 000000000, SWIFT: NDEAUS3NXXXSWIFT ID No. XXXXXX0X, Attention: Credit Administration, Administration Department re: Scorpio TankersTankers Inc., or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrower, the other Security Parties 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 Security Parties either 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 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 a Security Party either Borrower to the Agent or any Lender, to Account No. 300030007278532 maintained the account of the Agent at Nordea Bank Finland PLCXXXXX FARGO BANK, New York BranchNA, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA Number: 000000000ABA# 000-000-000, SWIFT: NDEAUS3NXXXXXXXXX0XXXX CREDIT TO CDO CLEARING, AttentionA/C 6355067033, FURTHER CREDIT TO: Credit AdministrationNORTHERN SHIPPING FUND III LP, re: Scorpio Tankers, A/C 84460800 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 Security Parties 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 a another Security Party to the Agent or any Lender, to the account of the Agent at The Bank of New York, New York, SWIFT ID No. XXXXXX0X, for the account of NIBC Bank N.V. All Branches (SWIFT ID No. XXXXXX0X, Account No. 300030007278532 maintained at Nordea Bank Finland PLC8900647140, New York Branch, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA NumberReference: 000000000, SWIFT: NDEAUS3NXXX, Attention: Credit Administration, re: Scorpio TankersBULK NORDIC SIX LTD. - BULK PRIDE CORP. - BULK INDEPENDENCE CORP.), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers, the other Security Parties 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 Security Parties 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 a another Security Party to the Agent or any Lender, to the account of the Agent at The Bank of New York, New York, SWIFT ID No. XXXXXX0X, for the account of NIBC Bank N.V. All Branches (SWIFT ID No. XXXXXX0X, Account No. 300030007278532 maintained at Nordea Bank Finland PLC8900647140, New York Branch, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA NumberReference: 000000000, SWIFT: NDEAUS3NXXX, Attention: Credit Administration, re: Scorpio TankersBULK NORDIC SIX LTD. – BULK PRIDE CORP.), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers, the other Security Parties 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 Security Parties 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 a another Security Party to the Agent or any Lender, to the account of the Agent at The Bank of New York, New York, SWIFT ID No. XXXXXX0X, for the account of NIBC Bank N.V. All Branches (SWIFT ID No. XXXXXX0X, Account No. 300030007278532 maintained at Nordea Bank Finland PLC8900647140, New York Branch, located at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, XXX, ABA NumberReference: 000000000, SWIFT: NDEAUS3NXXX, Attention: Credit Administration, re: Scorpio TankersBULK NORDIC SIX LTD.), or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrower, the other Security Parties 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 and any Security Parties 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) a. by not later than 11:00 11.00 a.m. (New York City time) on the due date; (b) 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) c. in the case of an amount payable by a Lender to the Agent or by a any Borrower or another Security Party to the Agent or any Lender, to Account No. 300030007278532 maintained the account of the Agent at Nordea The Bank Finland PLCof New York, New York Branchat 0000 Xxxxxx xx Xxxxxxxx, located at 000 Xxxxxxx Xxxxxx, Xxx XxxxXxxxx 0, Xxx Xxxx 00000XX00000 (Account: NIBC Bank NV, XXXAccount No 890 064 7140, ABA NumberBIC: 000000000XXXXXX0X, SWIFTReference: NDEAUS3NXXX, Attention: Credit Administration, re: Scorpio TankersSBI Cougar Shipping Company Limited), 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) 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.