Common use of Payment Administration Clause in Contracts

Payment Administration. Each of the Project Accounts shall be operated by the relevant Account Bank solely-in accordance with this clause 28 and each instruction to the Account Banks shall be compliant with the format indicated in Schedule 18 (Form of instruction to Account Bank). For the avoidance of doubt, adherence to the terms of this clause 28 is the Facility Agent’s responsibility.

Appears in 2 contracts

Sources: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)