Common use of Payments by the Lender Clause in Contracts

Payments by the Lender. (a) On each date on which the Lender is required to make a payment under a Finance Document, the Lender shall make the same available to the Borrower for value on the due date at the time and in such funds specified by the Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Borrower may notify to the Lender in the relevant Utilisation Request.

Appears in 3 contracts

Samples: Facility Agreement (MediaRing LTD), Facility Agreement (Chartered Semiconductor Manufacturing LTD), Facility Agreement (Chartered Semiconductor Manufacturing LTD)

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Payments by the Lender. (a) On each date on which the Lender is required to make a payment under a Finance Documentthis Agreement, the Lender shall make the same available to the Borrower for value on the due date at the time and in such funds specified by the Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank Lender as the Borrower may notify to the Lender in the relevant Utilisation Request.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Cordlife Group LTD)

Payments by the Lender. (a) On each date on which the Lender is required to make a payment under a Finance Document, the Lender shall make the same available to the Borrower for value on the due date at the time and in such funds specified by the Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Borrower may notify to the Lender in the relevant Utilisation RequestRequest or Selection Notice.

Appears in 2 contracts

Samples: Facility Agreement (CALGON CARBON Corp), Facility Agreement (Far East Energy Corp)

Payments by the Lender. (a) 25.2.1 On each date on which the Lender is required to make a payment under a Finance Document, the Lender shall make the same available to the Borrower for value on the due date at the time and in such funds specified by the Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) 25.2.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Borrower may notify to the Lender in the relevant Utilisation Request.

Appears in 1 contract

Samples: Facility Agreement (Infiniti Solutions LTD)

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Payments by the Lender. (a) On each date on which the Lender is required to make a payment under a Finance Documentthis Agreement, the Lender shall make the same available to the Borrower for value on the due date at the time and in such funds specified by the Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. (b) Payment shall be made to such account in the principal financial centre of the country of that currency and with such bank as the Borrower Borrower, in each case, may notify to the Lender in the relevant Utilisation RequestRequest or Selection Notice.

Appears in 1 contract

Samples: Facility Agreement

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