Common use of Payments to the Lender Clause in Contracts

Payments to the Lender. (a) On each date on which a Transaction Obligor is required to make a payment under a Finance Document, that Transaction Obligor shall make an amount equal to such payment 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. (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 Lender) and with such bank as the Lender, in each case, specifies.

Appears in 2 contracts

Samples: Term Loan Facility (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

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

Appears in 1 contract

Samples: Facility Agreement (Amerisourcebergen Corp)

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

Appears in 1 contract

Samples: Facility Agreement (Westway Group, Inc.)

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Payments to the Lender. (a) 30.1.1 On each date on which a Transaction an Obligor is required to make a payment under a Finance Document excluding a payment under the terms of an Ancillary Document, that Transaction Obligor shall make an amount equal to such payment 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. (b) 30.1.2 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 Lender) and with such bank as the Lender, in each case, specifies.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Claires Stores Inc)

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