Common use of Currency and method of payments Clause in Contracts

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 3 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Amorgos Shipping LTD"Corporation et al”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD"“Capital Product Partners L.P.—US$460m facility”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Dune Shipping LTD"Corp. and Citrine Shipping Corporation”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Alegria Shipping LTD"Corporation et al”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the a Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Global Ship Lease, Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Sea Glorius Shipping LTDCo. et al") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower or any Owner under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower or any Owner to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD"“Navios Maritime Acquisition Corporation”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition Corp)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the a Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ BankBank of America NA, New York (SWIFT Swift Code ▇▇▇▇▇▇▇▇) (Account Nordea Bank AB, London Branch Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG6550453766, Hamburg, SWIFT Code Swift Code: ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD") )), or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Diana Shipping Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One " Alcyone International Marine Inc., Neptune International Shipping LTDand Trading S.A. and Paloma Marine S.A.") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower or any Owner under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower or any Owner to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTD"“Navios Maritime Partners L.P.”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Amorgos Shipping LTD"Corporation et al”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Containers L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Red Rose Shipping LTD"Corp.”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower Borrowers under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower Borrowers to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Tinos Shipping LTD"Corporation and Thera Shipping Corporation”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition CORP)

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH FISH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDStar Challenger I LLC and Star Challenger II LLC") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at J.. ▇▇▇▇▇▇ C▇▇▇▇ Bank, New York Bank (SWIFT Code C▇▇▇▇▇▇▇) 67 EUROPE/71630549v6 (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code H▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDCapital Product Partners L.P. - US$105m facility") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the either Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the either Borrower to the Agent or any Lender, to the account of the Agent at J▇ ▇▇▇▇▇▇ C▇▇▇▇ Bank, New York (SWIFT Code C▇▇▇▇▇▇▇) (Account No. 0▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code H▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDSixthone Corp. and Seventhone Corp.") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Pyxis Tankers Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower or any Owner under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower or any Owner to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDNavios Maritime Partners L.P.") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Currency and method of payments. All payments to be made by the Lenders or by the Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Kamsarmax Two Shipping LTDLtd – $14,000,000 facility") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (EuroDry Ltd.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at J▇ ▇▇▇▇▇▇ C▇▇▇▇ Bank, New York (SWIFT Code C▇▇▇▇▇▇▇) (Account No. 0▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code H▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDAmathus Owning Company Limited, Symi Owners Inc. and Kalymnos Owners Inc.") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 808 in favour of HSH Nordbank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One Shipping LTDOE 5514 Star Cosmo LLC et al") or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower and the other Creditor PartiesBorrowers; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Management Inc.)

Currency and method of payments. All payments to be made by the Lenders or by the any Borrower under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (a) by not later than 11.00 a.m. (New York City time) on the due date; (b) in same day Dollar funds settled through the New York Clearing House Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); (c) in the case of an amount payable by a Lender to the Agent or by the any Borrower to the Agent or any Lender, to the account of the Agent at ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, New York Bank (SWIFT Code ▇▇▇▇▇▇▇▇) (Account No. ▇▇▇-▇-▇▇▇ 001 1331 808 in favour of HSH Nordbank Hamburg Commercial Bank AG, Hamburg, SWIFT Code ▇▇▇▇▇▇▇▇; Reference "Ultra One “Cerulean Shipping LTD"Corporation et al”) or to such other account with such other bank as the Agent may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties; and (d) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify in writing to the Borrower Borrowers and the other Creditor Parties.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Acquisition CORP)