Common use of Place for Payment Clause in Contracts

Place for Payment. Subject to Clause 14.3, all payments by the Borrower under this Agreement or any of the other Security Documents to which it may at any time be a party shall be made to the Agent in Same Day Funds and: 7.1.1 if in euro through the EBA clearing system to DnB NOR Bank ASA, London (BIC:DXXXXX0X) in favour of DnB NOR Bank ASA, Oslo (BIC:DXXXXXXX) by 10.00 a.m. Brussels time; and 7.1.2 if in Dollars to Bank of New York, New York, for the account of DnB NOR Bank ASA, Oslo account no 8033261374 by 10.00 a.m. New York time, or such other account or bank as the Agent may from time to time designate.

Place for Payment. Subject to Clause 14.3, all payments by the Borrower under this Agreement or any of the other Security Documents to which it may at any time be a party shall be made to the Agent in Same Day Funds and: 7.1.1 if in euro through the EBA clearing system to DnB NOR Bank ASA, London (BIC:DXXXXX0XXXXXXX0X) in favour of DnB NOR Bank ASA, Oslo (BIC:DXXXXXXXXXXXXXXX) by 10.00 a.m. Brussels time; and 7.1.2 if in Dollars to Bank of New York, New York, for the account of DnB NOR Bank ASA, Oslo account no 8033261374 by 10.00 a.m. New York time, or such other account or bank as the Agent may from time to time designate.