Common use of Payments Between the Parties Clause in Contracts

Payments Between the Parties. (a) On each date on which the Borrower or the Lender is required to make a payment under a Finance Document, the Borrower or the Lender (as the case may be) shall make the same available to the recipient for value on the due date at the time and in such funds as are customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 7 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai), Facility Agreement (China TransInfo Technology Corp.)

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Payments Between the Parties. (a) On each date on which the Borrower or the Lender is required to make a payment under a Finance Document, the Borrower or the Lender (as the case may be) shall make the same available to the recipient (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds as are customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 2 contracts

Samples: www.sec.gov, Engadin Merger (Charm Communications Inc.)

Payments Between the Parties. (a) On each date on which the Borrower or the Lender is required to make a payment under a Finance Document, the Borrower or the Lender (as the case may be) shall make the same available to the recipient payee (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the payee as are being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement

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Payments Between the Parties. (a) 25.1.1 On each date on which the Borrower or the Lender is required to make a payment under a Finance Document, the Borrower or the Lender (as the case may be) shall make the same available to the recipient for value on the due date at the time and in such funds as are customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 2 contracts

Samples: Facility Agreement (Solar Power, Inc.), Solar Power, Inc.

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