Obligations of the Borrower. (a) Provided that the Hermes Insurance Policy complies with Section 11.13.1, the Borrower shall pay (a) the First Fee to the Hermes Agent or Hermes on demand following the issue of the Hermes Insurance Policy and (b) the Second Fee to the Hermes Agent or Hermes on the First Disbursement Date. In each case, if received by the Hermes Agent, the Hermes Agent shall pay such amount to Hermes.
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Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)
Obligations of the Borrower. (a) Provided that the Hermes Insurance Policy complies with Section 11.13.1, the Borrower shall pay or cause the Guarantor to pay (a) the First Fee to the Hermes Agent or Hermes on demand following the issue of the Hermes Insurance Policy and (b) the Second Fee to the Hermes Agent or Hermes on the First Disbursement Closing Date. In each case, if received by the Hermes Agent, the Hermes Agent shall pay such amount to Hermes.
Appears in 4 contracts
Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)
Obligations of the Borrower. (a) Provided that the Hermes Insurance Policy complies with Section 11.13.1, the Borrower shall pay (a) the First Fee to the Hermes Agent or Hermes on demand following the issue of the Hermes Insurance Policy in accordance with section 11.13.1(c)(i) and (b) the Second Fee to the Hermes Agent or Hermes on the First Disbursement Delivery Date. In each case, if received by the Hermes Agent, the Hermes Agent shall pay such amount to Hermes.
Appears in 2 contracts
Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)
Obligations of the Borrower. (a) Provided that the Hermes Insurance Policy complies with Section 11.13.1, the Borrower shall pay (a) the First Fee to the Hermes Agent or Hermes on demand following the issue of the Hermes Insurance Policy in accordance with Section 11.13.1(c)(i) and (b) the Second Fee to the Hermes Agent or Hermes on the First Disbursement Actual Delivery Date. In each case, if received by the Hermes Agent, the Hermes Agent shall pay such amount to HermesXxxxxx.
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Obligations of the Borrower. (a) Provided that the Hermes Insurance Policy complies with Section 11.13.1, the Borrower shall pay (a) the First Fee to the Hermes Agent or Hermes on demand following the issue of the Hermes Insurance Policy and (b) the Second Fee to the Hermes Agent or Hermes on the First Disbursement Closing Date. In each case, if received by the Hermes Agent, the Hermes Agent shall pay such amount to Hermes.
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