Payment of Portions Sample Clauses

Payment of Portions. All Portion 1 Tranches drawn down hereunder shall be paid to the Builder. Tranche A drawn down hereunder shall be paid to the Borrower in reimbursement in part of the amount of the Hermes Premium paid by the Borrower to the Hermes Agent for on-payment to Hermes on issue of the Hermes Cover, Tranche B drawn down hereunder shall be applied in payment or (if insufficient) in part payment of seventy five per cent (75%) of the Hermes Insurance Premium payable on the later of the First Drawdown Date and the issue of the Hermes Cover and Tranche C drawn down hereunder shall be applied in payment or (if insufficient) in part payment of any increase in the Hermes Insurance Premium thereafter, subject to the further proviso to Clause 2.3. Subject to the further proviso to Clause 2.3, the Borrower hereby consents to the drawdown on each Pre-Delivery Interest Payment Date of such amount of Portion 3 as is required to pay eighty per cent (80%) of the Pre-Delivery Interest payable on that Pre-Delivery Interest Payment Date and to the application of such amount in payment of such interest.
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Payment of Portions. All Portion 1 Tranches other than Tranche 1 drawn down hereunder shall be paid to the Builder. Tranche 1 shall be paid to the Guarantor and applied in repayment of the loan in the same amount made by the Guarantor to the Borrower to enable the Borrower to pay part of the second pre-delivery instalment due by it to the Builder under the Building Contract on 5 February 2004. Tranche A drawn down hereunder shall be paid to the Borrower in reimbursement in part of the amount of the Hermes Premium paid by the Borrower to the Hermes Agent for on-payment to Hermes on issue of the Hermes Cover, Tranche B drawn down hereunder shall be applied in payment or (if insufficient) in part payment of seventy five per cent (75%) of the Hermes Insurance Premium payable on the later of the First Drawdown Date and the issue of the Hermes Cover and Tranche C drawn down hereunder shall be applied in payment or (if insufficient) in part payment of any increase in the Hermes Insurance Premium thereafter, subject to the further proviso to Clause 2.3. Subject to the further proviso to Clause 2.3, the Borrower hereby consents to the drawdown on each Pre-Delivery Interest Payment Date of such amount of Portion 3 as is required to pay eighty per cent (80%) of the Pre-Delivery Interest payable on that Pre-Delivery Interest Payment Date and to the application of such amount in payment of such interest.
Sample 1Sample 2Sample 3
Payment of Portions. All Portion 1 Tranches other than Tranche 1 drawn down hereunder shall be paid to the Builder. Tranche 1 shall be paid to the Guarantor and applied in repayment of the loan in the same amount made by the Guarantor to the Borrower to enable the Borrower to pay part of the second pre-delivery instalment due by it to the Builder under the Building Contract on 5 February 2004. Tranche A drawn down hereunder shall be paid to the Borrower in reimbursement in part of the amount of the Hermes Premium paid by the Borrower to the Hermes Agent for on-payment to Hermes on issue of the Hermes Cover, Tranche B drawn down hereunder shall be applied in payment or (if insufficient) in part payment of seventy five per cent (75%) of the Hermes Insurance Premium payable on the
Sample 1Sample 2
Payment of Portions. All amounts of Portion 1 drawn down hereunder shall be paid to the Builder.
Sample 1
Payment of Portions. All amounts of Portion 1 drawn down hereunder shall be paid to the Builder. All amounts of Portion 2 drawn down hereunder shall be paid to the Borrower in reimbursement of eighty per cent (80%) of the similar amount paid by the Borrower to the Hermes Agent for on-payment to Hermes, subject to the further proviso to Clause 2.3. Subject to the further proviso to Clause 2.3, the Borrower hereby consents to the drawdown on each Pre-Redelivery Interest Payment Date of such amount of Portion 3 as is required to pay eighty per cent (80%) of the Pre-Redelivery Interest payable on that Pre-Redelivery Interest Payment Date and to the application of such amount in payment of such interest.
Sample 1
Payment of Portions. All Portion 1 Tranches other than Tranche 1 drawn down hereunder shall be paid to the Builder. Tranche 1 shall be paid to the Guarantor and applied in repayment of the loan in the same amount made by the Guarantor to the Borrower to enable the Borrower to pay part of the second pre-delivery instalment due by it to the Builder under the Building Contract on 5 February 2004.
Sample 1

Related to Payment of Portions

  • PAYMENT OF PORTFOLIO MONIES Upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out, or direct the respective Foreign Sub-Custodian or the respective Foreign Securities System to pay out, monies of a Portfolio in the following cases only:

  • Payment of Price The full exercise price for the portion of the Option being exercised shall be paid to the Company as provided below:

  • Payment of Premiums Each Borrower shall punctually pay all premiums or other sums payable in respect of the obligatory insurances effected by it and produce all relevant receipts when so required by the Security Trustee.

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payment of Trust Fees The Owner Trustee shall pay the Trust's fees and expenses incurred with respect to the performance of the Trust's duties under the Indenture.

  • Payment of Premium Unless otherwise agreed in writing by the Parties, the Buyer shall be obligated to pay the Premium related to an Option no later than its Premium Payment Date.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • AMOUNT AND PAYMENT OF PURCHASE PRICE The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.

  • Amount and Payment of Special Interest Any Special Interest that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.

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