Common use of Crediting Payments Clause in Contracts

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender of any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 noon Pacific time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. specifies After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific Central time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifiesBorrowers specify. After the occurrence acceleration of the Obligations and during so long as the continuance of an Event of DefaultObligations remain unpaid, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific 3:30 p.m. Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an So long as no Event of DefaultDefault exists, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce the Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon 12:00 p.m. Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an If no Event of DefaultDefault exists, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific 5:30 p.m. Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an So long as no Event of DefaultDefault has occurred and is existing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance continuation of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time Time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check check, or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance continuation of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check check, or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an So long as no Event of DefaultDefault has occurred and is continuing, each Lender Administrative Agent shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of If an Event of DefaultDefault has occurred and is continuing, the receipt by a Lender Administrative Agent of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Administrative Agent after 12.00 12:00 noon Pacific time Time shall be deemed to have been received by such Lender Administrative Agent as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Administrative Agent or Lenders under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 2:00 noon Pacific Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an While no Event of DefaultDefault is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance continuation of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of Unless an Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon 2:00 PM Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an While no Event of DefaultDefault is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon 2:00 p.m. Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and during the continuance of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other similar item for the purpose of payment of Obligations shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After Unless otherwise agreed in writing by 'Bank, after the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower the Company specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account in respect of the Obligations unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific 10:00 a.m. Washington, D.C. time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an While no Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by Bank or acknowledged by Bank as having been sent via confirmation of a Lender federal reserve wire number, after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business DayDay and shall not constitute an Event of Default, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.. 2.6

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender the Lenders shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifiesBorrowers specify. After the occurrence and during the continuance of an Event of Default, the receipt by a any Lender of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a any Lender after 12.00 12:00 noon Pacific Eastern time shall be deemed to have been received by such any Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a any Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. (a) Prior to the occurrence of an Event of Default, each Lender Agent shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Agent of any wire transfer of funds, check, or other item of payment payment, for the ratable benefit of Lenders, shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Agent after 12.00 12:00 noon Pacific Central time shall be deemed to have been received by such Lender Agent as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Agent under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifiesdirects Bank. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an So long as no Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower Parent specifies. After the occurrence and during the continuance occurrence of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific Central time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of Unless an Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of At any time an Event of DefaultDefault has occurred and is continuing, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. (a) Prior to the occurrence of an Event of Default, each Lender the Lenders shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifiesBorrowers specify. After the occurrence and during the continuance of an Event of Default, the receipt by a any Lender of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a any Lender after 12.00 12:00 noon Pacific Eastern time shall be deemed to have been received by such any Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a any Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance of an ------------------ Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of Unless an Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but . Any payment shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon 12:00 P.M. Pacific time Time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an If no Event of DefaultDefault exists, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After During the occurrence and during the continuance existence of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific 5:30 p.m. Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check check, or other item of payment to such deposit account held at such Bank or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon 2:00 p.m. Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance ------------------- of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 12:00 noon Pacific Central time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an So long as no Event of DefaultDefault has occurred and is continuing, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account Deposit Account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.. 2.5

Crediting Payments. Prior to the occurrence and continuance of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After Unless otherwise agreed in writing by Bank, after the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time Time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment paid by Borrower to Lender to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.date

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment received from Borrower to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, Lender shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check check, or other item of payment to such deposit account held at such Bank or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender such Bank after 12.00 noon 2:00 p.m. Pacific time shall be deemed to have been received by such Lender a Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 noon Pacific 3:30 p.m. Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After During the occurrence and during the continuance continuation of an Event of Default, Bank shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Bank may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment from Borrower to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the Comerica Bank - Loan and Security Agreement contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific time Time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance of an Event of Default, each Lender Servicing Agent shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Servicing Agent of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Servicing Agent after 12.00 12:00 noon Pacific California time shall be deemed to have been received by such Lender Servicing Agent as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Servicing Agent under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence and continuance of an Event of Default, each Lender Bank shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower specifies. After the occurrence and during the continuance of an Event of Default, the receipt by a Lender Bank of any wire transfer of funds, check, or other item of payment shall be promptly immediately applied to conditionally reduce Obligations, but shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender Bank after 12.00 12:00 noon Pacific Eastern time shall be deemed to have been received by such Lender Bank as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender Bank under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.

Crediting Payments. Prior to the occurrence of an Event of Default, each Lender shall credit a wire transfer of funds, check or other item of payment to such deposit account or Obligation as Borrower Parent specifies. After the occurrence and during the continuance of an Event of Default, Lender shall have the receipt by a Lender of right, in its sole discretion, to immediately apply any wire transfer of funds, check, or other item of payment shall be promptly applied Lender may receive to conditionally reduce Obligations, but such applications of funds shall not be considered a payment on account unless such payment is of immediately available federal funds or unless and until such check or other item of payment is honored when presented for payment. Notwithstanding anything to the contrary contained herein, any wire transfer or payment received by a Lender after 12.00 12:00 noon Pacific time shall be deemed to have been received by such Lender as of the opening of business on the immediately following Business Day. Whenever any payment to a Lender under the Loan Documents would otherwise be due (except by reason of acceleration) on a date that is not a Business Day, such payment shall instead be due on the next Business Day, and additional fees or interest, as the case may be, shall accrue and be payable for the period of such extension.