Common use of Payments to the Agent Clause in Contracts

Payments to the Agent. 38.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract), 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. 38.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 2 contracts

Sources: Facility Agreement (Navigator Holdings Ltd.), Loan Facility Agreement (Navigator Holdings Ltd.)

Payments to the Agent. 38.1.1 31.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)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. 38.1.2 31.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Validus Holdings LTD), Amendment and Restatement Agreement (Validus Holdings LTD)

Payments to the Agent. 38.1.1 30.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract), 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. 38.1.2 30.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 2 contracts

Sources: Facilities Agreement (Central European Distribution Corp), Facility Agreement (Central European Distribution Corp)

Payments to the Agent. 38.1.1 (a) On each date on which an Obligor or a Lender Bank is required to make a payment under a Finance Document (other than a Hedging Contract)Document, that Obligor (subject to Clause 28.11 (Payments to the Security Agent)) or Lender Bank 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. 38.1.2 (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 2 contracts

Sources: Facility Agreement (Platinum Underwriters Holdings LTD), Facility Agreement (Platinum Underwriters Holdings LTD)

Payments to the Agent. 38.1.1 37.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract), 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. 38.1.2 37.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 2 contracts

Sources: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

Payments to the Agent. 38.1.1 β€Œ 28.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)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. 38.1.2 28.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Facility Agreement

Payments to the Agent. 38.1.1 (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)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. 38.1.2 (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.. 118798-4-1-v6.0 - 116 - 70-40539524

Appears in 1 contract

Sources: Senior Reserve Base Lending Facility Agreement (Fx Energy Inc)

Payments to the Agent. 38.1.1 29.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than excluding a payment under the terms of a Hedging Contract)Agreement, that Obligor or Lender shall (and the Borrower shall ensure that such Obligor will) 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. 38.1.2 29.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Term Facility Agreement (Enstar Group LTD)

Payments to the Agent. 38.1.1 43.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)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. 38.1.2 43.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Facility Agreement (Ivanhoe Energy Inc)

Payments to the Agent. 38.1.1 29.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract), 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. 38.1.2 29.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Distribution Agreement (Central European Distribution Corp)

Payments to the Agent. 38.1.1 (a) On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)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.. 81οƒ― = NUMPAGES 135-2 133 38.1.2 (b) Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Facility Agreement (Alibaba Group Holding LTD)

Payments to the Agent. 38.1.1 33.1.1 On each date on which an Obligor or a Lender Finance Party is required to make a payment under a Finance Document (other than a Hedging Contract)Document, that Obligor or Lender Finance Party 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. 38.1.2 33.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Junior Credit Agreement (Endeavour International Corp)

Payments to the Agent. 38.1.1 30.1.1 On each date on which an Obligor or a Lender is required to make a payment under a Finance Document (other than a Hedging Contract)Document, that Obligor or Lender shall (and the Parent shall ensure that such Obligor will) 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. 38.1.2 30.1.2 Payment shall be made to such account in the principal financial centre of the country of that currency with such bank as the Agent specifies.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Enstar Group LTD)