Payment to Borrower Sample Clauses
Payment to Borrower. On the Drawdown Date, Conversion Date or Rollover Date relating to any issue of Bankers' Acceptances:
(i) on any Drawdown Date, each Lender shall:
(A) if such Lender is not a Purchasing Lender, deliver the discounted proceeds of the sale of such Bankers' Acceptances received by it (less any fees payable to such Lender in respect thereof pursuant to Section 5.4), for the account of the Borrower through the Agent at the Agent's Account for Payments; and
(B) if such Lender is a Purchasing Lender, deliver the Discount Proceeds of the Bankers' Acceptances purchased by it (less any fees payable to such Lender in respect thereof pursuant to Section 5.4) for the account of the Borrower through the Agent at the Agent's Account for Payments;
(ii) on any Rollover Date relating to any Rollover of Bankers' Acceptances, the Borrower shall be liable to each Lender for the principal amount of maturing Bankers' Acceptances accepted by such Lender; in order to satisfy the continuing liability of the Borrower to each such Lender for the principal amount of the maturing Bankers' Acceptances, each such Lender shall receive and retain for its own account the discounted proceeds of sale of such new Bankers' Acceptances or the Discount Proceeds from the purchase by such Lender of such Bankers' Acceptances, as applicable, and the Borrower shall on the maturity date of the maturing Bankers' Acceptances pay to each such Lender, through the Agent at the Agent's Account for Payments, an amount equal to the difference between the principal amount of the maturing Bankers' Acceptances and the discounted proceeds of sale or the Discount Proceeds, as applicable, from the new Bankers' Acceptances together with the fee to which each such Lender is entitled pursuant to Section 5.4; and
(iii) on any Conversion Date relating to Bankers' Acceptances:
(A) in the case of a Conversion from a Cdn. Prime Loan into Bankers' Acceptances, in order to satisfy the continuing liability of the Borrower to each Lender for the amount of the converted Borrowing, each such Lender shall receive for its own account the discounted proceeds of sale of the Bankers' Acceptances or the Discount Proceeds from the purchase by such Lender of such Bankers' Acceptances, as applicable, and the Borrower shall on the Conversion Date pay to each such Lender, through the Agent at the Agent's Account for Payments, the difference between the principal amount of the converted Borrowing and the discounted proceeds of sale or the Di...
Payment to Borrower. On receipt of the amounts paid to it by the Lenders under clause 5.1, the Agent must pay those amounts in Same Day Funds in Dollars to the Borrower or as directed by the Borrower in the relevant Funding Notice.
Payment to Borrower. On receipt of the amounts paid to it by the Subscribers (and Subscriber Affiliates) under clause 5.1(b) and (c), the Facility Agent must pay the same to a Subscription Account in the Australian Capital Territory or outside Australia.
Payment to Borrower. On receipt of the amounts paid to it by the Lender under clause 5.5, the Administrative Agent must pay the same in same day funds to the Borrower or as directed by that Borrower.
Payment to Borrower. The closing for each Loan shall occur on a Funding Date. If the conditions precedent to a Lender's obligation to make a Loan (as set forth in Section 3.2 of the Participation Agreement) are satisfied or waived on or before 2:00 p.m. (New York time) on a Business Day, each Lender shall make available to Borrower on the same Business Day the amount of the Loan in immediately available funds. If the conditions precedent to a Lender's obligation to make a Loan (as set forth in Section 3.2 of the Participation Agreement) are not satisfied or waived until after 2:00 p.m. (New York time) on a Business Day, each Lender shall make available to Borrower on the next succeeding Business Day the amount of the Loan in immediately available funds; provided, however, the Funding Date shall be deemed to be the previous Business Day on which the funding was to have occurred. Amounts advanced by each Lender hereunder shall be made by wire transfer on behalf of Borrower to Lessee in immediately available funds at such bank or account maintained in the United States as Lessee shall designate in writing to Administrative Agent no later than 11:00 a.m. (New York) time on the Business Day preceding the proposed Funding Date.
Payment to Borrower. On receipt of the amounts paid to it by the Financiers under clause 4.9, the Mezzanine Agent must pay those amounts in Same Day Funds to the Borrower or as directed by the Borrower in the relevant Funding Notice.
Payment to Borrower. Subject to the provisions of paragraph (e) below, the Disbursing Agent shall pay to the Borrower the Net Proceeds, or so much thereof as may be needed for the repair, replacement, restoration or reconstruction, at one time or from time to time as directed by the Bondowner, as such funds are required by the Borrower, upon notification by the Borrower as to the amount needed and upon the approval of the Bondowner. Until so paid to the Borrower or transferred under Subsection 406(c), such funds may be invested by the Disbursing Agent as provided in Section 312.
Payment to Borrower. On receipt of the amounts paid to it by the Financiers under clause 5.2, the Senior Agent must pay those amounts in Same Day Funds in the Relevant Currency to the Borrower or as directed by the Borrower in the relevant Funding Notice.
Payment to Borrower. Subject to the notice of method of payment of maturing Bankers' Acceptances referenced by §4.3 the Borrower shall provide payment for each Bankers' Acceptance issued by it by payment to Royal of the Face Amount thereof by 10:00 a.m. local time at Vancouver, British Columbia on the maturity date of the Bankers' Acceptance at its Branch of Account. If the Borrower fails to provide payment to Royal of an amount equal to the Face Amount of a Bankers' Acceptance on its maturity, then Royal shall pay the Face Amount of such Bankers' Acceptance which payment shall be determined for all purposes to be a Canadian Advance.