Common use of Payments and Calculations Clause in Contracts

Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (London time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

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Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (London New York City time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No 0002611230000000-1), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Payments and Calculations. 11.1 All payments to be made by the Borrower Borrowers to the Lender under this Agreement and any of the Security Security. Documents to which either of the Borrower Borrowers is a party shall be made by not later than 11.00 a.m. (London time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (London New York City time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No No. 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

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