Common use of Disbursement of Tranche Clause in Contracts

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the relevant Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers Borrower shall be made: (a) to the account which the Borrowers specify Borrower specifies in the relevant Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account of ABN AMRO Bank N.V. (acting as agent under the Existing Facility Agreement relevant to the Tranche being advanced) which the Borrowers specify in the Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts in respect of the Tranche to which that Drawdown Date relates which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) : to the account of the Borrower whose Ship is to be financed by that Tranche or, as the case may be, the Builder which the Borrowers specify in the that Drawdown Notice; and (b) and in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts in respect of the Tranche to which that Drawdown Date relates which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the relevant Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5Clause4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the relevant Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.

Disbursement of Tranche. Subject to the provisions of this Agreement, the Agent shall on each the Drawdown Date pay to the Borrowers the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrowers shall be made: (a) to the account which the Borrowers specify in the Drawdown Notice; and (b) in the like funds as the Agent received the payments from the Lenders.