Payments by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars or the relevant Optional Currency in immediately available cleared funds on the relevant Drawdown Date to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Borrower specified in the relevant Drawdown Notice.
Payments by the Banks to the Administrative Agent. --------------------------------------------------
(a) Unless the Administrative Agent receives notice from a Bank at least one Business Day prior to the date of any Borrowing, that such Bank will not make available as and when required hereunder to the Administrative Agent for the account of the Company the amount of that Bank's Pro Rata Share of the Borrowing, the Administrative Agent may assume that each Bank has made such amount available to the Administrative Agent in immediately available funds on the Borrowing Date and the Administrative Agent may (but shall not be so required), in reliance upon such assumption, make available to the Company on such date a corresponding amount. If and to the extent any Bank shall not have made its full amount available to the Administrative Agent in immediately available funds and the Administrative Agent in such circumstances has made available to the Company such amount, that Bank shall on the Business Day following such Borrowing Date make such amount available to the Administrative Agent, together with interest at the Federal Funds Rate for each day during such period. A notice of the Administrative Agent submitted to any Bank with respect to amounts owing under this subsection (a) shall be conclusive, absent manifest error. If such amount is so made available, such payment to the Administrative Agent shall constitute such Bank's Loan on the date of Borrowing for all purposes of this Agreement. If such amount is not made available to the Administrative Agent on the Business Day following the Borrowing Date, the Administrative Agent will notify the Company of such failure to fund and, upon demand by the Administrative Agent, the Company shall pay such amount to the Administrative Agent for the Administrative Agent's account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Loans comprising such Borrowing.
(b) The failure of any Bank to make any Loan on any Borrowing Date shall not relieve any other Bank of any obligation hereunder to make a Loan on such Borrowing Date, but no Bank shall be responsible for the failure of any other Bank to make the Loan to be made by such other Bank on any Borrowing Date.
Payments by the Banks. 50 8.3 Non-Banking Days................................................... 50 8.4 Agent may assume receipt........................................... 50 8.5 Grossing-up for Taxes.............................................. 51 8.6
Payments by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Guilders or the relevant Optional Currency on the relevant Drawdown Date to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Borrower specified in the relevant Drawdown Notice.
Payments by the Banks. All sums to be advanced by the Banks to the Borrower under this Agreement shall be remitted in Sterling on the date of the relevant Advance to the account of the Agent at such bank in London as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower specified in the relevant Drawdown Notice.
Payments by the Banks. All sums to be advanced by the Banks to any Borrower under this Agreement shall be remitted in Sterling in immediately available funds not later than 11 a.m. on the relevant Drawdown Date or, as the case may be, the first day of the relevant Interest Period to the account of the Facility Agent at such bank as the Facility Agent may have notified to the Banks and shall be paid by the Facility Agent on such date to the account of the relevant Borrower in England specified in the relevant Drawdown Notice.
Payments by the Banks. (A) TO THE AGENT AND THE ISSUING BANKS All payments to be made by a Bank to or for the account of an Issuing Bank or the Agent under this Agreement shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in Clause 11.8, free and clear of any deductions or withholdings, in Dollars on the due date to the account of the Agent at such bank as the Agent may from time to time specify for this purpose and, in the case of payments for the account of an Issuing Bank, shall be paid by the Agent on such date in like funds as are received by the Agent to such Issuing Bank.
Payments by the Banks. All sums to be paid by the Banks to the Borrower under this Agreement shall be remitted in the relevant currency on the relevant Utilisation Date to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower specified in the relevant Utilisation Notice.
Payments by the Banks. OR THE WORKING CAPITAL BANK All sums to be paid by the Banks or the Working Capital Bank to the Borrowers under this Agreement shall be remitted in the relevant currency on the relevant Utilisation Date to the account of the Agent at such bank as the Agent may have notified to the Banks or the Working Capital Bank (as the case may be) and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Borrower specified in the relevant Utilisation Notice.
Payments by the Banks. All sums to be advanced by the Banks to the Borrower under this Agreement shall be remitted in Dollars on the Drawdown Date to the account of the Administrative Agent at such bank as the Administrative Agent may have notified to the Banks and shall be paid by the Administrative Agent on such date in like funds as are received by the Administrative Agent to the account specified in the Drawdown Notice.
