Common use of Payment of Loan by the Long Term Creditors Clause in Contracts

Payment of Loan by the Long Term Creditors. Subject to the terms and conditions of this Agreement, for the drawdown of Long Term Facility Portion 1 and each drawdown of Long Term Facility Portion 2, the Facility Agent will issue the Notice of Commitment Percentage to inform each Long Term Creditor of the amount of money that such Long Term Creditor has to provide to the Borrower in compliance with the Commitment Percentage of the Facility of such Long Term Creditor for the Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be) no later than two (2) Banking Days prior to the Utilization Date and within 10.00 a.m. of the Utilization Date that the Borrower is allowed to drawdown the Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be), each Long Term Creditor will deliver the amount specified by the Facility Agent by transferring the money to the Deposit Account in case of the utilization under the Long Term Facility Portion 1 or the Borrower’s account in case of the utilization of the Long Term Facility Portion 2 (in which case the Long Term Creditor will deliver copy of the transfer slip to the Facility Agent within the Utilization Date) or deliver cashier’s cheque under the name of the Borrower dated the Utilization Date to the Facility Agent for deposit in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s account in case of the utilization under the Long Term Facility Portion 2. The parties clearly agree that the Borrower will be deemed to receive the Loan when each Long Term Creditor has delivered the amount of money in accordance with the Commitment Percentage to the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the account of the Borrower in case of the utilization under the Long Term Facility Portion 2 or delivered the cashier’s cheque in the name of the Borrower dated the Utilization Date to the Facility Agent which has deposited such funds in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s account in case of the utilization under the Long Term Facility Portion 2 in compliance with the condition of this Clause.

Payment of Loan by the Long Term Creditors. Subject to the terms and conditions of this Agreement, for the drawdown of Long Term Facility Portion 1 and each drawdown of Long Term Facility Portion 2Facility, the Facility Agent will issue the Notice of Commitment Percentage to inform each Long Term Creditor of the amount of money that such Long Term Creditor has to provide to the Borrower in compliance with the Commitment Percentage of the Facility of such Long Term Creditor for the Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be) no later than two (2) Banking Days prior to the Utilization Date and within 10.00 a.m. a.m of the Utilization Date that the Borrower is allowed to drawdown the Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be)Facility, each Long Term Creditor will deliver the amount specified by the Facility Agent by transferring the money to the Deposit Account in case of the utilization under the Long Term Facility Portion 1 or the Borrower’s 's account in case of the utilization of the Long Term Facility Portion 2 (in which case the Long Term Creditor will deliver copy of the transfer slip to the Facility Agent within the Utilization Date) or deliver cashier’s 's cheque under the name of the Borrower dated the Utilization Date to the Facility Agent for deposit in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s account in case of the utilization under the Long Term Facility Portion 2's account. The parties clearly agree that the Borrower will be deemed to receive the Loan when each Long Term Creditor has delivered the amount of money in accordance with the Commitment Percentage to the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the account of the Borrower in case of the utilization under the Long Term Facility Portion 2 or delivered the cashier’s 's cheque in the name of the Borrower dated the Utilization Date to the Facility Agent which has deposited such funds in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s 's account in case of the utilization under the Long Term Facility Portion 2 in compliance with the condition of this Clause.

Payment of Loan by the Long Term Creditors. Subject to the terms and conditions of this Agreement, for the drawdown of Long Term Facility Portion 1 and each drawdown of New Long Term Facility Portion 2Facility, the Facility Agent will issue the Notice of Commitment Percentage to inform each Long Term Creditor of the amount of money that such Long Term Creditor has to provide to the Borrower in compliance with the Commitment Percentage of the Facility of such Long Term Creditor for the New Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be) no later than two (2) Banking Days prior to the Utilization Date of New Long Term Facility and within 10.00 a.m. a.m of the Utilization Date of New Long Term Facility that the Borrower is allowed to drawdown the New Long Term Facility Portion 1 or the Long Term Facility Portion 2 (as the case may be)Facility, each Long Term Creditor will deliver the amount specified by the Facility Agent by transferring the money to the Deposit Account in case of the utilization under the Long Term Facility Portion 1 or the Borrower’s 's account in case of the utilization of the Long Term Facility Portion 2 (in which case the Long Term Creditor will deliver copy of the transfer slip to the Facility Agent within the Utilization DateDate of the New Long Term Facility) or deliver cashier’s 's cheque under the name of the Borrower dated the Utilization Date of New Long Term Facillity to the Facility Agent for deposit in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s account in case of the utilization under the Long Term Facility Portion 2's account. The parties clearly agree that the Borrower will be deemed to receive the Loan when each Long Term Creditor has delivered the amount of money in accordance with the Commitment Percentage to the Deposit Account in case of the utilization under the New Long Term Facility Portion 1 and to the account of the Borrower in case of the utilization under the Long Term Facility Portion 2 or delivered the cashier’s 's cheque in the name of the Borrower dated the Utilization Date of New Long Term Facility to the Facility Agent which has deposited such funds in the Deposit Account in case of the utilization under the Long Term Facility Portion 1 and the Borrower’s 's account in case of the utilization under the Long Term Facility Portion 2 in compliance with the condition of this Clause.