Common use of Payment by the Borrower Clause in Contracts

Payment by the Borrower. The Borrower shall bear the cost of the COFACE Insurance Premia payable in respect of, or in connection with, the COFACE Insurance Policy and shall pay all such amounts to the COFACE Agent (for the account of COFACE). The COFACE Insurance Premia is due and payable in full to the COFACE Agent (for the account of COFACE) on the Utilisation Date for the first Utilisation.

Appears in 2 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.)

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Payment by the Borrower. (a) The Borrower shall bear the cost of the COFACE Insurance Premia and the COFACE Additional Insurance Premium payable in respect of, or in connection with, the COFACE Insurance Policy and shall pay all such amounts to the COFACE Agent (for the account of COFACE). . (b) The COFACE Insurance Premia is due and payable in full to the COFACE Agent (for the account of COFACE) on the Utilisation Date for the first UtilisationUtilisation and such amounts have been paid by the Borrower.

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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Payment by the Borrower. (a) The Borrower shall bear the cost of the COFACE Insurance Premia and the COFACE Additional Insurance Premium payable in respect of, or in connection with, the COFACE Americas 90643250 66 Insurance Policy and shall pay all such amounts to the COFACE Agent (for the account of COFACE). . (b) The COFACE Insurance Premia is due and payable in full to the COFACE Agent (for the account of COFACE) on the Utilisation Date for the first UtilisationUtilisation and such amounts have been paid by the Borrower.

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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