Payments to the Administrative Agent. On each date on which the Borrower or a Lender is required to make a payment under a Finance Document, the Borrower or Lender shall make the same available to the Administrative Agent (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 Administrative Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.
Appears in 2 contracts
Samples: Term Loan Facility Agreement (Vantage Drilling CO), Amendment Agreement (Ship Finance International LTD)
Payments to the Administrative Agent. On each date on which the Borrower an Obligor or a Lender Participating Bank is required to make a payment under a Finance Document, the Borrower that Obligor or Lender Participating Bank shall make the same available to the Administrative Agent (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 Administrative Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.
Appears in 1 contract
Samples: Letter of Credit Facility Agreement (Flowserve Corp)
Payments to the Administrative Agent. On each date on which the Borrower an Obligor or a Lender is required to make a payment under a Finance DocumentDocument (other than a Hedging Contract), the Borrower that Obligor or Lender shall make the same available to the Administrative Agent (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 Administrative Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.
Appears in 1 contract
Samples: Loan Agreement (Dorian LPG Ltd.)
Payments to the Administrative Agent. (a) On each date on which the Borrower or a Lender is required to make a payment under a Finance Document, the Borrower or Lender shall make the same available to the Administrative Agent (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 Administrative Agent 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 Administrative Agent specifies.
Appears in 1 contract
Samples: Term Loan Facility Agreement (Ship Finance International LTD)
Payments to the Administrative Agent. (a) On each date on which the Borrower an Obligor or a Lender is required to make a payment under a Finance Document, the Borrower that Obligor or Lender shall make the same available to the Administrative Agent (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 Administrative Agent 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 Administrative Agent specifies.
Appears in 1 contract
Samples: Term Facility Agreement (Cadence Design Systems Inc)
Payments to the Administrative Agent. (a) On each date on which the Borrower an Obligor or a Lender is required to make a payment under a Finance DocumentDocument (other than a Hedging Contract), the Borrower that Obligor or Lender shall make the same available to the Administrative Agent (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 Administrative Agent 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 and with such bank as the Administrative Agent specifies.
Appears in 1 contract
Samples: Loan Agreement (Dorian LPG Ltd.)