Common use of Currency and method of payments Clause in Contracts

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (a) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. - ▇▇$628.75m facility"), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. - ▇▇$628.75m ▇ ▇▇▇▇▇ Bank, N.Y., USA (Account No. 400930900 SWIFT Code: ▇▇▇▇▇▇▇▇ under reference "Paragon Shipping Inc. - US$90 million facility"), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) if in Dollars, to the account of the Agent at JPMorgan Chase BankCommerzbank AG, New York Branch (Account No 001-1-331808 account number 938026262; SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. - ▇▇$628.75m ▇▇▇▇▇▇ under reference Star Aurora LLC - US$26 million facility"), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001▇▇▇-1▇-331808 ▇▇▇▇▇▇ SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. “Paragon Shipping Inc. - ▇▇$628.75US$108.25m facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshidesignated “Paragon financing account” with C▇▇▇▇▇▇▇▇▇▇ ▇▇▇. - , ▇▇$628.75m ▇▇▇▇▇ Branch (Account No. 620346700USD; SWIFT Code: C▇▇▇▇▇▇▇▇▇▇ via correspondent bank Commerzbank AG, New York COBAUS3XX) under reference “Paragon Shipping Inc. - US$250 million facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. Dryships Inc. - ▇▇$628.75m facility"), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City London time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 0010▇▇-1▇-331808 ▇▇▇▇▇▇ SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. “Paragon Shipping Inc. - ▇▇$628.75US$51.5m facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001▇▇▇-1▇-331808 ▇▇▇▇▇▇ SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. “Dryships Inc. - ▇▇$628.75US$150m bridge facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase BankCommerzbank AG, New York Branch (Account No 001-1-331808 No. 938026262 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. - ▇▇$628.75m ▇▇▇▇▇▇ under reference “Paragon Shipping Inc. - US$300 million facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the either Borrower to the Agent, the Security Trustee or any Lender Lender, under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 10.00 a.m. (New York City time) on the due date; (ii) 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);; and (iii) if in Dollars and in the case of an amount payable by a Lender to the Agent or by a Borrower to the Agent or any Lender, to the account of the Agent at JPMorgan Chase BankBank of America, New York (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ Swift ▇▇▇. - ▇▇$628.75m facility"▇▇▇, Fed Wire: ▇▇▇▇▇▇▇▇▇ CHIPS 0959, beneficiary account name ABN AMRO Bank N.V,, Amsterdam (Swift: ▇▇▇▇▇▇▇▇), beneficiary account No. 06550368324) with reference, or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (iv) in the case of an amount payable Parties or to such other account with such other bank as the Security Trustee, to such account as it Trustee may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All Unless otherwise directed by the Agent (acting on the instructions of the Lenders), all payments to be made: (a) made by the Lenders to the Agent; or (a) or by the any Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (ia) by not later than 11.00 a.m. 1.00 p.m. (New York City Athens time) on the due date; (iib) 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); (iiic) in the case of an amount payable by a Lender to the Agent or by any Borrower to the Agent or any Lender, to the account of the Agent at JPMorgan Chase Bank, New York DEUTSCHE BANK TRUST COMPANY AMERICAS (Account No 001-1-331808 SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ B▇▇▇. - ▇▇$628.75m facility"▇▇), New York, USA or to such other account with such other bank as the Agent may from time to time notify to the Borrower Borrowers and the other Creditor Parties; and (ivd) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower Borrowers and the other Creditor Parties.

Currency and method of payments. All payments to be made: (a) by the Lenders to the Agent; or (ab) by the Borrower to the Agent, the Security Trustee or any Lender under a Finance Document shall be made to the Agent or to the Security Trustee, in the case of an amount payable to it: (i) by not later than 11.00 a.m. (New York City time) on the due date; (ii) 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); (iii) to the account of the Agent at JPMorgan Chase Bank, New York (Account No 001▇▇▇-1▇-331808 ▇▇▇▇▇▇ SWIFT Code: CHASUS 33 under reference "Dryshi▇▇ ▇▇▇. - ▇▇$628.75“Paragon Shipping Inc.-US$110.32m facility"”), or to such other account with such other bank as the Agent may from time to time notify to the Borrower and the other Creditor Parties; and (iv) in the case of an amount payable to the Security Trustee, to such account as it may from time to time notify to the Borrower and the other Creditor Parties.