Common use of Fund Transfers Clause in Contracts

Fund Transfers. (i) Fund transfers between the Agent and the Lender B shall be settled by the JBA’s Domestic Bank Data Telecommunications System (the “Zengin System”) in principle, and if any Lender B desires to make such settlement by the Bank of Japan Financial Network System (the “BOJ-NET”), such Lender B shall consult with the Agent in advance. Provided, however, that if the Lender B is not a member of the Zengin System, fund transfers shall be settled by the bank account established in the name of such Lender B with a bank designated by the Lender B that is a member of the Zengin System. (ii) The fees for fund transfers provided in the preceding item shall be borne by the party making the relevant fund transfer.

Appears in 3 contracts

Samples: Revolving Line Agreement (Spansion Inc.), Revolving Line Agreement (Advanced Micro Devices Inc), Revolving Line Agreement (Advanced Micro Devices Inc)

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Fund Transfers. (i) Fund transfers between the Agent and the Lender B A shall be settled by the JBA’s Domestic Bank Data Telecommunications System (the “Zengin System”) in principle, and if any Lender B A desires to make such settlement by the Bank of Japan Financial Network System (the “BOJ-NET”), such Lender B A shall consult with the Agent in advance. Provided, however, that if the Lender B A is not a member of the Zengin System, fund transfers shall be settled by the bank account established in the name of such Lender B A with a bank designated by the Lender B A that is a member of the Zengin System. (ii) The fees for fund transfers provided in the preceding item shall be borne by the party making the relevant fund transfer.

Appears in 3 contracts

Samples: Revolving Line Agreement (Advanced Micro Devices Inc), Revolving Line Agreement (Spansion Inc.), Revolving Line Agreement (Advanced Micro Devices Inc)

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