Common use of Payment by the Lender Clause in Contracts

Payment by the Lender. Subject to any requirement in Clause 5.2 (Completion of Utilisation Request), any amounts payable to the Borrower under this Agreement shall be paid into the bank account specified by the Borrower and acceptable to the Lender or in such manner as the Lender and the Borrower shall from time to time agree.

Appears in 2 contracts

Sources: Term Loan Facility Agreement (Harbin Electric, Inc), Term Loan Facility Agreement (Harbin Electric, Inc)