Common use of Payments by the Bank Clause in Contracts

Payments by the Bank. All sums to be advanced by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date to the account specified in the Drawdown Notice.

Appears in 3 contracts

Samples: Loan Agreement (FreeSeas Inc.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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Payments by the Bank. All A sums to be advanced by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date to the account specified in the Drawdown Notice.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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Payments by the Bank. All sums to be advanced by the Bank to the Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the relevant Drawdown Date and shall be paid by the Bank to the account of the Borrower specified in the relevant Drawdown Notice.

Appears in 1 contract

Samples: Loan Agreement (Advanced Tissue Sciences Inc)

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