Common use of Payments to the Facility Agent Clause in Contracts

Payments to the Facility Agent. (a) On each date on which a Transaction Obligor or a Lender is required to make a payment under a Finance Document, that Transaction Obligor or Lender shall make an amount equal to such 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 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 (or, in relation to euro, in a principal financial centre in such Participating Member State or London, as specified by the Facility Agent) and with such bank as the Facility Agent, in each case, specifies.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp), Facility Agreement (Navios Maritime Holdings Inc.)

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Payments to the Facility Agent. (a) On each date on which a Transaction an Obligor or a Lender is required to make a payment under a Finance Document, that Transaction Obligor or Lender shall make an amount equal to such 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 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 (or, in relation to euro, in a principal financial centre in such Participating Member State or London, as specified by the Facility Agent) and with such bank as the Facility Agent, in each case, specifies.

Appears in 2 contracts

Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Addendum to First Preferred Marshall Islands Mortgage (Ocean Rig UDW Inc.)

Payments to the Facility Agent. (a) On each date on which a Transaction an Obligor or a Lender is required to make a payment under a Finance Document, subject to the terms of the Intercreditor Agreement, that Transaction Obligor or Lender shall make an amount equal to such payment the 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 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 (or, in relation to euro, in a principal financial centre in such a Participating Member State or London, as specified by the Facility Agent) and with such bank as the Facility Agent, in each case, Agent specifies.

Appears in 2 contracts

Samples: Permanent Facility Agreement (Groupe Eurotunnel SA), Permanent Facility Agreement (Groupe Eurotunnel SA)

Payments to the Facility Agent. (a) On each date on which a Transaction Obligor or a Lender is required to make a payment under a Finance Document, that Transaction Obligor or Lender shall make an amount equal to such 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 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 (or, in relation to euro, in a principal financial centre in such Participating Member State or LondonStockholm, as specified by the Facility Agent) and with such bank as the Facility Agent, in each case, specifies.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

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Payments to the Facility Agent. (a) On each date on which a Transaction an Obligor or a Lender is required to make a payment under a Finance Document, that Transaction Obligor or or, as the case may be, such Lender shall make an amount equal to such payment the 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 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 (or, in relation to euro, in a principal financial centre in such a Participating Member State or London, as specified by the Facility Agent) and with such bank as the Facility Agent, in each case, Agent specifies.

Appears in 1 contract

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

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