Common use of Payments to the Lender Clause in Contracts

Payments to the Lender. (a) On each date on which an Obligor is required to make a payment under a Finance Document, that Obligor shall make the same available to the Lender (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 Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. If no such time is specified, payment must be made no later than 11:00 a.m. Hong Kong time on such due date. (b) Payment shall be made to the account as notified by the Lender to the Borrower from time to time.