To Banks Clause Samples
To Banks. All notices to Banks shall be sent to the notice address of each Bank as set forth on such Bank's signature page to its Assignment and Assumption Agreement. Each party shall have the right to change its address at any time, and from time to time, by giving written notice thereof to the other party.
To Banks. (1) Unless otherwise provided by this Agreement, all repayments of principal and payments of interest, commitment fee, guarantee commission and any other sums due from the Borrower to the Banks under this Agreement (for the purposes of this sub-Clause (B) collectively called "Payments") shall be made in the following manner and upon the following terms:-
(a) any Payment to be made in respect of principal of an Advance or of any commitment fee pursuant to Clause 10(B)(2) shall be made in US Dollars, any Payment to be made in respect of interest shall be made in the currency provided in Clause 9(D) or 18(A) (as the case may be) and each other Payment shall be made in Singapore Dollars; and
(b) Payments shall be made:-
(i) if that sum is due in Singapore Dollars, by payment in Singapore Dollars and in immediately available and freely transferable funds, so as to be received before 11 a.m., to such account of the Agent with such bank in Singapore as the Agent may from time to time designate; and
(ii) if that sum is due in US Dollars, by payment in US Dollars and in funds which are for same day settlement in the New York Clearing House Interbank Payment System (or, if such funds cease to exist or, in the Agent's opinion, cease to be customary for the settlement in New York City of international banking transactions in US Dollars, such other US Dollar funds as the Agent may from time to time determine to be customary for that purpose), so as to be received before 11 a.m. (local time in New York City) to such account of the Agent with such bank in New York City as the Agent may from time to time designate.
(2) The Agent shall make available to each Bank its pro rata share (if any) of any sum so received by it from the Borrower before close of business in the Centre of the relevant currency on that date by payment in the same currency and funds as received by the Agent to such account of that Bank with such bank in that Centre as it shall have specified to the Agent. If any sum is made available to the Agent later than required by paragraph (1), the Agent shall make each Bank's share (if any) available to it as soon as practicable thereafter.
To Banks. (1) Unless otherwise provided by this Agreement, all repayments of principal and payments of interest, commitment fee, guarantee commission and any other sums due from the Borrower to the Banks under this