Common use of Payment Mechanics Clause in Contracts

Payment Mechanics. 29.1 Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 4 contracts

Sources: Multicurrency Parallel Bridge Facility Agreement (Gold Fields LTD), Multicurrency Bridge Facility Agreement (Gold Fields LTD), Credit Facility Agreement (Gold Fields LTD)

Payment Mechanics. 29.1 Payments to the Agent 32.1 PAYMENTS TO THE AGENT (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Secured Facilities Agreement (Solutia Inc)

Payment Mechanics. 29.1 Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, the Borrower shall ensure that the Obligor will or the Lender shall (as the case may be) make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Revolving Loan Facilities Agreement (Super Micro Computer, Inc.)

Payment Mechanics. 29.1 Payments to the Agent 31.1 PAYMENTS TO THE AGENT (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Credit Agreement (Sappi LTD)

Payment Mechanics. 29.1 34.1 Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a payment under a Hedging Document), that Obligor (subject to Clause 34.10 (Payments to the Security Agent) or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Facility Agreement (Danaos Corp)

Payment Mechanics. 29.1 Payments to the Agent 33.1 PAYMENTS TO THE FACILITY AGENT (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Multi Currency Term, Revolving Credit Facilities Agreement (Iron Mountain Inc/Pa)

Payment Mechanics. 29.1 36.1 Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Criteo S.A.)

Payment Mechanics. 29.1 Payments to the Facility Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Senior Secured Debt Facility Agreement (Hungarian Telephone & Cable Corp)

Payment Mechanics. 29.1 34.1 Payments to the Facility Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same an amount equal to such payment available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Facilities Agreement (Euronav NV)

Payment Mechanics. 29.1 32.1 Payments to the Agent (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Senior Secured Credit Facility Agreement (Borr Drilling LTD)

Payment Mechanics. 29.1 Payments to the Agent 30.1 PAYMENTS TO THE FACILITY AGENT (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Facility Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Facility Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Facilities Agreement (Abb LTD)

Payment Mechanics. 29.1 Payments to the Agent PAYMENTS TO THE AGENT (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

Appears in 1 contract

Sources: Senior Facilities Agreement (Messer Griesheim Holding Ag)