Currency and method of payments. All payments to be made by any Borrower to the Lender under a Finance Document shall be made to the Lender: (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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and (c) to such account as the Lender may from time to time notify to the Borrowers.
Appears in 5 contracts
Sources: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lendermade:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such the account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 5 contracts
Sources: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lender:
(a) by not later than 11.00 a.m. 11:00 am (New York City time) on the due date;:
(b) in same day Dollar funds settled through the New York Clearing House Interbank Payments Payment System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such the account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 2 contracts
Sources: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lender:
(a) by not later than 11.00 a.m. (New York City Paris 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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such account with such other bank as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 1 contract
Currency and method of payments. All payments to be made by any Borrower the Borrowers to the Lender under a Finance Document shall be made to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such account of the Lender as the Lender may from time to time notify to the Borrowers.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lendermade:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Currency and method of payments. All payments to be made by any Borrower the Borrowers to the Lender under a Finance Document shall be made to the Lendermade:
(ai) by not later than 11.00 a.m. (New York City London time) on the due date;
(bii) 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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(ciii) to such account as the Lender may from time to time notify to the Borrowers.
Appears in 1 contract
Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lendermade:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such the account of the Lender with a bank in New York as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 1 contract
Sources: Loan Agreement (Box Ships Inc.)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lender:
(a) by not later than 11.00 a.m. (New York City Hamburg 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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and;
(c) to such account of the Lender as the Lender may from time to time notify to the BorrowersBorrower; and
(d) any amounts payable to be received free of any charges.
Appears in 1 contract
Currency and method of payments. All payments to be made by any Borrower the Borrowers to the Lender under a Finance Document shall be made to the Lender:
(a) by not later than 11.00 a.m. (New York City London 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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such account of the Lender with a bank in New York as the Lender may from time to time notify to the Borrowers.
Appears in 1 contract
Sources: Loan Agreement (Diana Shipping Inc.)
Currency and method of payments. All payments to be made by any the Borrower to the Lender under a Finance Document shall be made to the Lender:
(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 Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement); and
(c) to such account as the Lender may from time to time notify to the BorrowersBorrower.
Appears in 1 contract