Payment of Loan Proceeds. All amounts to be made available by the Lenders under clause 4.4 (Notification of Drawdown Notice) shall be made available not later than 11:00 a.m. on the proposed Drawdown Date in Hong Kong Dollars in immediately available and freely transferable cleared funds by remittance to such account specified by the Agent under clause 27.1 (Payments to the Agent).
Payment of Loan Proceeds a) Paid to Borrower or third party at instruction of Borrower $[ITEM_csh1]
Payment of Loan Proceeds. Lender is authorized to disburse any proceeds of the Loan to Borrower hereunder directly to Borrower by depositing such proceeds in Borrower's account with Lender.
Payment of Loan Proceeds. 7.1 The loan proceeds hereunder shall be provided as follows:
Payment of Loan Proceeds. The Bank is authorized to disburse all ------------------------ proceeds of any loan to the Borrower hereunder directly to or upon the order of any officer of the Borrower without looking into the use of those proceeds.
Payment of Loan Proceeds. The Bank is authorized to disburse all proceeds of any loan to the Borrower hereunder directly to or upon the order of the President of the Borrower without looking into the use of those proceeds. The President of the Borrower as of the date hereof is Xxxxxx Xxxxxxx. The Bank may rely on the fact that he continues to serve in that capacity until the Bank receives written notice to the contrary.
Payment of Loan Proceeds. The Bank is authorized to disburse all proceeds of any loan to the Borrower hereunder directly to or upon the order of the president, vice president--finance, vice president--corporate development or controller of the Borrower without looking into the use of those proceeds. The president of the Borrower as of the date hereof is Xxxxxxxx Xxxxxxx, the vice president--finance of the Borrower as of the date hereof is Xxxxx Xxxxx, the vice president--corporate development of the Borrower as of the date hereof is Xxxxxx Xxxxxxxx and the controller of the Borrower as of the date hereof is Xxxxx Xxxxxx. The Bank may rely on the fact that each continues to serve in that capacity until the Bank receives written notice to the contrary.
Payment of Loan Proceeds. For the convenience of The Business, The Business directs that payments of loan proceeds minus application fee to be paid through the Automated Clearing House (“ACH”) system pursuant to the rules of the National Automated Clearing House Association (“NACHA Rules”) as amended from time to time. The Business hereby agrees to comply with and be bound by the NACHA Rules. THIS REQUIREMENT IS A REQUIREMENT OF ENROLLING IN THE DORTCREDIT LOAN BY PHONE PROGRAM.
Payment of Loan Proceeds. Borrower hereby directs Lender to pay the loan proceeds in accordance with the following:
Payment of Loan Proceeds. The Agent is authorized to disburse all proceeds of any loan to the Borrower hereunder directly to or upon the order of the chief financial officer of the Borrower without looking into the use of those proceeds. The Chief Financial Officer of the Borrower as of the date hereof is C. Richxxx Xxxxxxxx. Xxe Agent may rely on the fact that he continues to serve in that capacity until the Agent receive written notice to the contrary.
