Currency and Place of Payment. All payments to or by us will be in accordance with the prevailing Exchange Control regulations and other relevant laws and regulations of India. Indian Rupee (Rs.) is the currency of this policy. We will make or accept payments relating to this policy at any of our offices in India or such other locations as determined by us from time to time.
Currency and Place of Payment. The Borrower shall make each payment hereunder in U.S. Dollars, in immediately available funds, without deduction, set-off or counterclaim, not later than 10:00 AM (New York City time) on the day when due at such bank or banks in New York City, United States of America, as the Lender may from time to time designate in writing to the Borrower.
Currency and Place of Payment. All Rent is payable in lawful money of Canada and is to be paid to the Landlord at the address specified in section 20.3, until such time as the Tenant is otherwise notified in writing by the Landlord.
Currency and Place of Payment. All amounts payable either to or by the Company will be paid in the currency shown on the Policy Schedule. Such amounts will be paid by a negotiable bank draft or cheques drawn on a bank in the country in which the currency of the Policy is denominated. All amounts from the Company will be payable at the issuing office shown on the Policy Schedule. In case You and/or the Insured Member are not satisfied with the policy, You and/or the Insured Member, have a period of 15 (Fifteen) days from the date of receipt of the Policy/Certificate of Insurance to review the terms and conditions of the Policy/Certificate of Insurance. If You/ the Insured Member disagree to any of the terms or conditions of the Policy/Certificate of Insurance, You/the Insured Member have an option to return the original Policy/Certificate of Insurance to Us by stating the objections/reasons for such disagreement in writing. Provisions of Section 45 of the Insurance Act, 1938, as amended from time to time shall be applicable. A simplified version of Section 45 has been annexed herewith as ‘Annexure 3’.
Currency and Place of Payment. 19.1 Bills rendered under this Agreement shall be rendered in the currency of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the Terminal Party or as specified in the Supply Contract. Bills shall be payable in the currency in which the xxxx is rendered or as designated by the Management Committee to the designated office or account of the payee.
Currency and Place of Payment. 14.1 The Borrower shall pay all sums due to the Arranger under this Agreement in the relevant Currency with the reference "MCA XXXXXXXXXX" to the Arranger as mentioned in the Admission Form.
14.2 The Borrower shall pay all sums due to Banks under this Agreement, any Admission Form and/or any Promissory Note by crediting the relevant Bank's account specified in the relevant Admission Form.
14.3 With respect to each payment, the Borrower shall have the bank in charge of the transfer send a telex to the relevant Bank or to the Arranger, as the case may be, at the latest 2 Banking Days prior to the due date. Such telex shall be sent in compliance with Article 24.
14.4 If any amount falls due on a day which is not a Banking Day, such payment shall be made on the next succeeding Banking Day and interest and fees shall continue to accrue accordingly, unless otherwise specified in the relevant Admission Form.
14.5 All payments pursuant to this Agreement, any Admission Form and/or any Promissory Note shall be made in freely available funds on or before 11.00 a.m. (local time of the place of payment) on their due date.
14.6 Should the Arranger or any Bank wish to modify the specifications set out in Article 6 of the relevant Admission Form, relative to Articles 14.1 and 14.2 hereof, it shall notify the Borrower of the new payment instructions at least 10 Banking Days in advance. The Borrower hereby agrees to comply with any such new instructions.
14.7 If for any reason whatsoever, including a judgment or an arbitral award rendered against the Borrower or the bankruptcy of the Borrower or any proceeding having the same effect on the Borrower, (a) a payment relating to this Agreement, any Admission Form and/or the Promissory Notes were made to the Arranger or to a Bank or collected by the Arranger or a Bank in a currency other than the Currency of account of the corresponding payment obligation, and (b) if upon exchange by the Arranger or the relevant Bank of such other currency into such Currency of account, the amount obtained were less than the amount due, the Borrower undertakes to pay the exact difference to the Arranger or to the relevant Bank, as the case may be, at its first demand.
14.8 Payment shall fully discharge the Borrower only if it is made in conformity with this Article 14.
Currency and Place of Payment. (a) The Borrowers shall make all payments of principal and interest due to IFC under this Agreement in the Loan Currency, in same day funds, to such bank account as may be designated by IFC.
(b) The payment obligations of the Borrowers under this Agreement shall be discharged or satisfied only to the extent that (and as of the date when) IFC actually receives funds in the Loan Currency in the account referred to in Section 3.08 (a), notwithstanding the tender or payment (including by way of recovery under a judgment) of any amount in any currency other than the Loan Currency.
Currency and Place of Payment. All payments to or by us will be in accordance with the prevailing Exchange Control regulations and other relevant laws and regulations of India. Indian Rupee (INR) is the currency of this Policy. We will make or accept payments relating to this Policy at any of our offices in India or such other locations as determined by us from time to time.
Currency and Place of Payment. 2.6.1 Payments of all Obligations shall be made in Dollars, in immediately available funds, to BlaO at: Intermediary Bank Name: Intermediary Bank SWIFT: Account Number (IBAN): Beneficiary Bank Name: Beneficiary Bank SWIFT: Beneficiary Name: Beneficiary Account Number: or to such other account as BlaO may instruct (in either case, the “Receipt Account”) by no later than 11:00 a.m. New York City time, or at such other bank or banks, in such place or places, as BlaO may designate. BlaO may deem any payment received after that time to have been made on the next Business Day.
2.6.2 The payment obligations of the Borrower under this Agreement shall be discharged only to the extent that (and as of the date when) Dollars are received in the Receipt Account, notwithstanding the tender or payment (including by way of recovery under a judgment) of any amount in any currency other than Dollars. Accordingly, the Borrower shall pay such additional amount as is necessary to enable BlaO to receive, after conversion to Dollars, and transfer to the Receipt Account, the full amount due to BlaO under this Agreement. Notwithstanding the foregoing and Section 2.6.1, BlaO may require the Borrower to pay (or to reimburse BlaO) in any currency other than Dollars for (i) any Taxes or other amounts payable under Section 2.9 (Taxes) and (ii) any fees or Costs payable under Section 2.12 (Payment of Fees, Costs and Expenses), in each case to the extent such amounts are payable in such other currency.
Currency and Place of Payment. (a) The Borrower and each Co-Borrower shall make all payments of principal, interest, fees, and any other amount due to IFC under this Agreement in the Loan Currency, in same day funds, to the account of IFC at Northern Trust International Banking Corporation, New York, New York, U.S.A., ABA#000000000, for credit to IFC’s account number 10215220300, or at such other bank or account in New York as IFC from time to time designates. Payments must be received in IFC’s designated account no later than 1:00 p.m., New York time.
(b) The tender or payment of any amount payable under this Agreement (whether or not by recovery under a judgment) in any currency other than the Loan Currency shall not novate, discharge or satisfy the obligation of the Borrower and each Co-Borrower to pay in the Loan Currency all amounts payable under this Agreement except to the extent that (and as of the date when) IFC actually receives funds in the Loan Currency in the account specificd in, or pursuant to, Section 2.08(a).
(c) The Borrower and each Co-Borrower shall indemnify IFC against any losses resulting from a payment being received or an order or judgment being given under this Agreement in any currency other than the Loan Currency or any place other than the account specified in, or pursuant to, Section 2.08(a). The Borrower and each Co-Borrower shall, as a separate obligation, pay such additional amount as is necessary to enable IFC to receive, after conversion to the Loan Currency at a market rate and transfer to that account, the full amount due to IFC under this Agreement in the Loan Currency and in the account specified in, or pursuant to, Section 2.08(a).
(d) Notwithstanding the provisions of Section 2.08(a) and Section 2.08(b), IFC may require the Borrower and each Co-Borrower to pay (or reimburse IFC) for any Taxes, fees, costs, expenses and other amounts payable under Section 2.14(a) (Taxes) and Section 2.15 (Expenses) in the currency in which they are payable, if other than the Loan Currency.
