Common use of Payments to the Lender Clause in Contracts

Payments to the Lender. (a) On each date on which the Borrower is required to make a payment under a Finance Document, it shall make the same available to the Lender 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 Lender may notify to the Borrower by not less than five Business Days' notice.

Appears in 2 contracts

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

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Payments to the Lender. (a) 25.1.1 On each date on which the Borrower is required to make a payment under a Finance Document, it shall make the same available to the Lender 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) 25.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Lender may notify to the Borrower by not less than five Business Days' notice.

Appears in 1 contract

Samples: Facility Agreement (Infiniti Solutions LTD)

Payments to the Lender. (a) On each date on which the Borrower an Obligor is required to make a payment under a Finance Document, it that Obligor shall make the same available to the Lender 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 Lender may notify to the Borrower that Obligor by not less than five Business Days' notice.

Appears in 1 contract

Samples: Facility Agreement (Far East Energy Corp)

Payments to the Lender. (a) On each date on which the Borrower is required to make a payment under a Finance Document, it the Borrower shall make the same available to the Lender 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 Lender may notify to the Borrower by not less than five Business Days' ’ notice.

Appears in 1 contract

Samples: Facility Agreement (CALGON CARBON Corp)

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Payments to the Lender. (a) On each date on which the Borrower is required to make a payment under a Finance Documentthis Agreement, it shall make the same available to the Lender 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 Lender Lender, in each case, may notify to the Borrower by not less than five Business Days' notice.

Appears in 1 contract

Samples: Facility Agreement

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