Common use of Payment by the Banks Clause in Contracts

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such Advance.

Appears in 19 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

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Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement shall be remitted in Dollars USD on the relevant Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such AdvanceNotice.

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at with such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such AdvanceNotice.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (DryShips Inc.)

Payment by the Banks. 6.2.1 All sums to be advanced by the Banks to the Borrowers Borrower under the RC Facility under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such Advance.

Appears in 2 contracts

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the date of the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower and/or the Builder as specified in the Drawdown Notice for such Advance.

Appears in 2 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Agreement (Aries Maritime Transport LTD)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on to such date in like funds account as are received by the Agent to the account is specified in the Drawdown Notice for such Advance.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Shipping Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance and, in the case of amounts drawn down pursuant to clause 2.6 to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such Advance.

Appears in 2 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the relevant Seller specified in the Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement in respect of the Facility shall be remitted in Dollars on the Drawdown Date for the relevant Advance thereof to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower as specified in the Drawdown Notice for such Advancethereof.

Appears in 1 contract

Samples: Agreement (Omega Navigation Enterprises, Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower as specified in the Drawdown Notice for such AdvanceNotice.

Appears in 1 contract

Samples: Agreement (Aries Maritime Transport LTD)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers and/or the Outgoing Borrower under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

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Payment by the Banks. All sums to be advanced by the Banks to the Borrowers Borrower under this Agreement in respect of the Loan shall be remitted in Dollars on the date of the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account of the Borrower and/or the Builder and/or the Seller as specified in the Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers or either of them under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at with such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the relevant Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the relevant Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Loan Agreement (Capital Maritime & Trading Corp.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the account specified in the Drawdown Notice for such AdvanceNotice.

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement shall be remitted in Dollars on the Drawdown Date for the relevant Advance Tranche or (as the case may be) Advance, to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on to such date in like funds account as are received by the Agent to the account is specified in the Drawdown Notice for such Tranche or (as the case may be) Advance.

Appears in 1 contract

Samples: Agreement (Diana Containerships Inc.)

Payment by the Banks. All sums to be advanced by the Banks to the Borrowers under this Agreement in respect of the Loan shall be remitted in Dollars on the Drawdown Date for the relevant Advance to the account of the Agent at such bank as the Agent may have notified to the Banks and shall be paid by the Agent on such date in like funds as are received by the Agent to the such account as is specified in the Drawdown Notice for such Advance.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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