Common use of Payments by the Lenders Clause in Contracts

Payments by the Lenders. All sums to be advanced by the Lenders to the Borrower under this Agreement shall be remitted in Dollars on the date of the Advance to the account of the Facility Agent at such bank as the Facility Agent may have notified to the Lenders and shall be paid by the Facility Agent on such date in like funds as are received by the Facility Agent to the account specified in the relevant Drawdown Notice.

Appears in 3 contracts

Samples: Agreement (Smedvig Asa), Third Supplemental Agreement (Smedvig Asa), Fourth Supplemental Agreement (Smedvig Asa)

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Payments by the Lenders. All sums to be advanced by the Lenders to the Borrower under this Agreement shall be remitted in Dollars on the date of the Advance Drawdown Date to the account of the Facility Agent at such bank Lender as the Facility Agent may have notified to the Lenders and shall be paid by the Facility Agent on such date in like funds as are received by the Facility Agent to the account specified in the relevant Drawdown Notice.

Appears in 2 contracts

Samples: Facilities Agreement, Confidential (Golar LNG Partners LP)

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