To Banks Clause Samples

To Banks. All notices to Banks shall be sent to the notice address of each Bank as set forth on such Bank's signature page to its Assignment and Assumption Agreement. Each party shall have the right to change its address at any time, and from time to time, by giving written notice thereof to the other party.
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To Banks. (1) Unless otherwise provided by this Agreement, all repayments of principal and payments of interest, commitment fee, guarantee commission and any other sums due from the Borrower to the Banks under this Agreement (for the purposes of this sub-Clause (B) collectively called "Payments") shall be made in the following manner and upon the following terms:- (a) any Payment to be made in respect of principal of an Advance or of any commitment fee pursuant to Clause 10(B)(2) shall be made in US Dollars, any Payment to be made in respect of interest shall be made in the currency provided in Clause 9(D) or 18(A) (as the case may be) and each other Payment shall be made in Singapore Dollars; and (b) Payments shall be made:- (i) if that sum is due in Singapore Dollars, by payment in Singapore Dollars and in immediately available and freely transferable funds, so as to be received before 11 a.m., to such account of the Agent with such bank in Singapore as the Agent may from time to time designate; and (ii) if that sum is due in US Dollars, by payment in US Dollars and in funds which are for same day settlement in the New York Clearing House Interbank Payment System (or, if such funds cease to exist or, in the Agent's opinion, cease to be customary for the settlement in New York City of international banking transactions in US Dollars, such other US Dollar funds as the Agent may from time to time determine to be customary for that purpose), so as to be received before 11 a.m. (local time in New York City) to such account of the Agent with such bank in New York City as the Agent may from time to time designate. (2) The Agent shall make available to each Bank its pro rata share (if any) of any sum so received by it from the Borrower before close of business in the Centre of the relevant currency on that date by payment in the same currency and funds as received by the Agent to such account of that Bank with such bank in that Centre as it shall have specified to the Agent. If any sum is made available to the Agent later than required by paragraph (1), the Agent shall make each Bank's share (if any) available to it as soon as practicable thereafter.
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To Banks. (1) Unless otherwise provided by this Agreement, all repayments of principal and payments of interest, commitment fee, guarantee commission and any other sums due from the Borrower to the Banks under this
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Related to To Banks

  • Notices to Bank Promptly notify Bank in writing of (i) the occurrence of any Default Condition or Event of Default; (ii) any pending or threatened litigation claiming damages in excess of $100,000 or seeking relief that, if granted, would adversely affect the financial condition or business operations of Borrower; and (iii) any asserted violation by Borrower of or demand for compliance by Borrower with any Applicable Law.

  • NOTICE TO BANK Promptly (but in no event more than five (5) days after the occurrence of each such event or matter) give written notice to Bank in reasonable detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower; (c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding deficiency with respect to any Plan; or (d) any termination or cancellation of any insurance policy which Borrower is required to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other cause affecting Borrower's property.

  • Notice to Banks; Funding of Loans (a) Upon receipt of a Notice of Borrowing, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower. (b) Not later than 1:00 P.M. (New York City time) on the date of each Borrowing, each Bank participating therein shall (except as provided in subsection (c) of this Section) make available its share of such Borrowing, in Federal or other funds immediately available in New York City, to the Agent at its address referred to in Section 10.01. Unless any applicable condition specified in Article 3 has not been satisfied, as determined by the Agent in accordance with Article 3, the Agent will make the funds so received from the Banks immediately available to the Borrower at the Agent's aforesaid address. (c) If any Bank makes a new Loan hereunder to the Borrower on a day on which the Borrower is to repay all or any part of an outstanding Loan from such Bank, such Bank shall apply the proceeds of its new Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed by the Borrower and the amount being repaid shall be made available by such Bank to the Agent as provided in subsection (b) of this Section, or remitted by the Borrower to the Agent as provided in Section 2.12, as the case may be. (d) Unless the Agent shall have received notice from a Bank prior to the date of any Borrowing (or, in the case of a Base Rate Borrowing, prior to Noon (New York City time) on the date of such Borrowing) that such Bank will not make available to the Agent such Bank's share of such Borrowing, the Agent may assume that such Bank has made such share available to the Agent on the date of such Borrowing in accordance with subsections (b) and (c) of this Section 2.04 and the Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Bank shall not have so made such share available to the Agent, such Bank and the Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Agent, at (i) in the case of the Borrower, a rate per annum equal to the higher of the Federal Funds Rate and the interest rate applicable thereto pursuant to Section 2.07 and (ii) in the case of such Bank, the Federal Funds Rate. If such Bank shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Bank's Loan included in such Borrowing for purposes of this Agreement. If the Borrower shall have repaid such corresponding amount of such Bank, such Bank shall reimburse the Borrower for any loss on account thereof incurred by the Borrower.

  • Internet Banking service by means of which it is possible for the client to exercise various transactions posted by the Bank on the special web page of the bank ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇ (without visiting the Bank), according to the regulations established by the Bank;

  • Banks BKB and the other lending institutions listed on Schedule 1 hereto and any other Person who becomes an assignee of any rights and obligations of a Bank pursuant to Section 19.