Common use of Payments to the Facility Agent Clause in Contracts

Payments to the Facility Agent. (a) On each date on which a Party is required to make a payment to the Facility Agent under a Finance Document, that Party must make the payment available to the Facility 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 Facility Agent to the Party concerned as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Payments to the Facility Agent. (a) On each date on which the Borrower or a Finance Party is required to make a payment to the Facility Agent under a Finance Document, that the Borrower or Finance Party must shall make the payment same available to the Facility 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 Facility Agent to the Party concerned as being customary at the time for settlement of transactions in the relevant currency in the place of payment.