Common use of Time and Place of Payment Clause in Contracts

Time and Place of Payment. (a) Unless otherwise specified in this Agreement or in the Bank’s demand, all sums other than sums of interest, indemnity and principal are payable within 15 days of the Bank’s demand. (b) The Borrower shall indicate the Facility Number in the payment details for each payment made in accordance with this Agreement. (c) A sum due from the Borrower shall be deemed paid when the Bank receives it. (d) Any Utilisations shall be made into the Utilisation Account. (e) Any payments to the Bank from the Borrower under a Finance Document shall be made from the Payment Account. (f) Each sum payable by the Borrower to the Bank under a Finance Document shall be paid to the relevant account notified by the Bank to the Borrower. The Bank shall notify the Borrower of such account not less than 15 days before the due date for the first payment by the Borrower and shall notify any change of such account not less than 15 days before the date of the subsequent payment after which the change applies. This period of notice does not apply in the case of payment under Clause 15 (Events of Default).

Time and Place of Payment. (a) Unless otherwise specified in this Agreement Contract or in the Bank’s demand, all sums other than sums of interest, indemnity and principal are payable within 15 7 (seven) days of the Borrower’s receipt of the Bank’s demand. (b) The Borrower shall indicate the Facility Number in the payment details for each payment made in accordance with this Agreement. (c) A sum due from the Borrower shall be deemed paid when the Bank receives it. (d) Any Utilisations shall be made into the Utilisation Account. (e) Any payments to the Bank from the Borrower under a Finance Document shall be made from the Payment Account. (f) . Each sum payable by the Borrower to the Bank under a Finance Document this Contract shall be paid to the relevant account notified by the Bank to the Borrower. The Bank shall notify the Borrower of such account not less than 15 (fifteen) days before the due date for the first payment by the Borrower and shall notify any change of such account not less than 15 (fifteen) days before the date of the subsequent first payment after to which the change applies. This period of notice does not apply in the case of payment under Clause 15 Article 10. The Borrower shall indicate in each payment made hereunder the contract number (Events “FI nr”) found on the cover page of Default)this Contract. A sum due from the Borrower shall be deemed paid when the Bank receives it. Any disbursements by and payments to the Bank under this Contract shall be made using account(s) acceptable to the Bank.

Time and Place of Payment. (a) Unless otherwise specified in this Agreement Contract or in the Bank’s demand, all sums other than sums of interest, indemnity and principal are payable within 15 (fifteen) days of the Borrower’s receipt of the Bank’s demand. (b) The Borrower shall indicate the Facility Number in the payment details for each payment made in accordance with this Agreement. (c) A sum due from the Borrower shall be deemed paid when the Bank receives it. (d) Any Utilisations shall be made into the Utilisation Account. (e) Any payments to the Bank from the Borrower under a Finance Document shall be made from the Payment Account. (f) Each sum payable by the Borrower to the Bank under a Finance Document this Contract shall be paid to the relevant account notified by the Bank to the Borrower. The Bank shall notify the Borrower of such account not less than 15 (fifteen) days before the due date for the first payment by the Borrower and shall notify any change of such account not less than 15 (fifteen) days before the date of the subsequent first payment after to which the change applies. This period of notice does not apply in the case of payment under Clause 15 Article 10. (Events of Defaultc) The Borrower shall indicate the Contract Number in the payment details for each payment made hereunder. (d) A sum due from the Borrower shall be deemed paid when the Bank receives it. (e) Any disbursements by and payments to the Bank under this Contract shall be made using the Disbursement Account (for disbursements by the Bank) and the Payment Account (for payments to the Bank).

Time and Place of Payment. (a) ‌ Unless otherwise specified in this Agreement Contract or in the Bank’s demand, all sums other than sums of interest, indemnity and principal are payable within 15 (fifteen) days of the Borrower’s receipt of the Bank’s demand. (b) The Borrower shall indicate the Facility Number in the payment details for each payment made in accordance with this Agreement. (c) A sum due from the Borrower shall be deemed paid when the Bank receives it. (d) Any Utilisations shall be made into the Utilisation Account. (e) Any payments to the Bank from the Borrower under a Finance Document shall be made from the Payment Account. (f) . Each sum payable by the Borrower to the Bank under a Finance Document this Contract shall be paid to the relevant account notified by the Bank to the Borrower. The Bank shall notify the Borrower of such account not less than 15 (fifteen) days before the due date for the first payment by the Borrower and shall notify any change of such account not less than 15 (fifteen) days before the date of the subsequent first payment after to which the change applies. This period of notice does not apply in the case of payment under Clause 15 Article 10. The Borrower shall indicate in each payment made hereunder the contract number (Events “FI nr”) found on the cover page of Default)this Contract. A sum due from the Borrower shall be deemed paid when the Bank receives it. Any disbursements by and payments to the Bank under this Contract shall be made using account(s) acceptable to the Bank.