Common use of Reimbursement by the Borrower of the SACE Premium Clause in Contracts

Reimbursement by the Borrower of the SACE Premium. The Borrower irrevocably agrees to pay the First Instalment, and to instruct the Lenders to pay the Second Instalment on behalf of the Borrower, as follows: (a) The First Instalment shall be paid to SACE by the Borrower through the Agent upon notification by the Agent to the Borrower (i) of the issue of the SACE Insurance Policy documentation in the form required by clause 3.3(b) of this Agreement, and (ii) of the amount of the First Instalment. (b) The Borrower has requested and the Lenders have agreed to finance the payment of one hundred per cent. (100%) of the Second Instalment on the Drawdown Date in accordance with Clause 2.1(b) of this Agreement. Consequently, the Borrower hereby irrevocably instructs the Agent on behalf of the Lenders to pay the Second Instalment to SACE on the Drawdown Date and to reimburse themselves by drawing under the Loan the amount of the Second Instalment in accordance with Clause 2.1(b) of this Agreement. The Second Instalment financed by the Loan will be repayable in any event by the Borrower to the Lenders in the manner specified in Clause 5 and under any and all circumstances including but without limitation in the event of prepayment or acceleration of the Loan.

Reimbursement by the Borrower of the SACE Premium. The Borrower irrevocably agrees to pay the First Instalment, and to instruct the Lenders to pay the Second Instalment on behalf of the Borrower, as follows: (a) The First Instalment shall be paid to SACE by the Borrower through the Agent upon notification by the Agent to the Borrower (i) of the issue of the SACE Insurance Policy documentation in the form required by clause Clause 3.3(b) of this Agreement, and (ii) of the amount of the First Instalment. (b) The Borrower has requested and the Lenders have agreed to finance the payment of one hundred [*] per cent. cent (100[*]%) of the Second Instalment on the Drawdown Date in accordance with Clause 2.1(b) of this Agreement. Consequently, the Borrower hereby irrevocably instructs the Agent on behalf of the Lenders to pay the Second Instalment to SACE on the Drawdown Date and to reimburse themselves by drawing under the Loan the amount of the Second Instalment in accordance with Clause 2.1(b) of this Agreement. The Second Instalment financed by the Loan will be repayable in any event by the Borrower to the Lenders in the manner specified in Clause 5 and under any and all circumstances including but without limitation in the event of prepayment or acceleration of the Loan.

Reimbursement by the Borrower of the SACE Premium. The Borrower irrevocably agrees to pay the First Instalment, and to instruct the Lenders to pay the Second Instalment on behalf of the Borrower, as follows: (a) The First Instalment shall be paid to SACE by the Borrower through the Agent upon notification by the Agent to the Borrower (i) of the issue of the SACE Insurance Policy documentation in the form required by clause 3.3(b) of this Agreement, and (ii) of the amount of the First Instalment. (b) The Borrower has requested and the Lenders have agreed to finance the payment of one hundred [*] per cent. (100[*]%) of the Second Instalment on the Drawdown Date in accordance with Clause 2.1(b) of this Agreement. Consequently, the Borrower hereby irrevocably instructs the Agent on behalf of the Lenders to pay the Second Instalment to SACE on the Drawdown Date and to reimburse themselves by drawing under the Loan the amount of the Second Instalment in accordance with Clause 2.1(b) of this Agreement. The Second Instalment financed by the Loan will be repayable in any event by the Borrower to the Lenders in the manner specified in Clause 5 and under any and all circumstances including but without limitation in the event of prepayment or acceleration of the Loan.