General Provisions as to Payments and Prepayments Sample Clauses

General Provisions as to Payments and Prepayments. The Company Affiliates shall make each payment with respect to any Loan or other Obligation hereunder, whether principal or interest, whether due at the date of maturity thereof or by declaration, acceleration or otherwise, and each mandatory and optional prepayment or repayment hereunder, not later than 12:00 noon on the date when due, in Federal or other funds immediately available in Philadelphia, Pennsylvania, to the Agent at its address following its signature hereto, or at such other address as the Agent shall by notice in writing advise Borrower. Each Company Affiliate hereby irrevocably authorizes the Agent and each Bank to charge, without prior notice, the entire balance in any account of any Company Affiliate with any Bank, to make payment on any Obligations then due, during the continuance of an Event of Default. Any payment so made or charged shall be promptly paid over to the Agent for application to the Obligations in accordance with Section 10.02(e).
Sample 1
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General Provisions as to Payments and Prepayments. Borrower shall make each payment with respect to any Loan or other Obligation hereunder, whether principal or interest, whether due at the date of maturity thereof or by declaration, acceleration or otherwise, and each mandatory and optional prepayment or repayment hereunder, not later than 12:00 noon on the date when due, in Federal or other funds immediately available in Philadelphia, Pennsylvania, to the Agent at its address following its signature hereto, or at such other address as the Agent shall by notice in writing advise Borrower. Borrower hereby irrevocably authorizes the Agent and each Bank to charge, without prior notice to Borrower, the entire balance in any account of Borrower with any Bank, during the continuance of any Default, to make payments on any Obligations then due. Any payment so charged shall be promptly paid over to the Agent for application to the Obligations in accordance with Section 11.02(b) hereof.
Sample 1

Related to General Provisions as to Payments and Prepayments

  • General Provisions as to Payments (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 12:00 Noon (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks. Whenever any payment of principal of, or interest on, the Domestic Loans or of fees shall be due on a day which is not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day. Whenever any payment of principal of, or interest on, the Euro-Dollar Loans shall be due on a day which is not a Euro-Dollar Business Day, the date for payment thereof shall be extended to the next succeeding Euro-Dollar Business Day unless such Euro-Dollar Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding Euro-Dollar Business Day. Whenever any payment of principal of, or interest on, the Money Market Loans shall be due on a day which is not a Euro-Dollar Business Day, the date for payment thereof shall be extended to the next succeeding Euro-Dollar Business Day. If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time.

  • Payments and Prepayments 1.1 Payments and prepayments of principal and interest on this Note shall be made to Payee at 000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000, Xxxxx Xxxxxx, X.X. 10604.

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • Repayments and Prepayments; Application The Borrower agrees that the Loans shall be repaid and prepaid pursuant to the following terms.

  • Repayments and Prepayments The Borrower shall repay in full the unpaid principal amount of each Loan upon the Stated Maturity Date therefor. Prior thereto, the Borrower

  • General Provisions Applicable to Loans 49 5.1 Fees............................................................. 49 5.2 Interest Rates and Payment Dates................................. 50 5.3

  • Collection of Payments; Extensions and Amendments The Servicer will use reasonable efforts to collect all payments due under the Receivables. The Servicer may waive late payment charges or other fees that may be collected in the ordinary course of servicing a Receivable. The Servicer may grant extensions, refunds, rebates or adjustments on any Receivable or amend any Receivable according to the Servicing Procedures. However, if the Servicer (i) grants an extension on a Receivable resulting in the final payment date of the Receivable being later than the Final Scheduled Payment Date of the most junior Class of Notes issued by the Issuer, (ii) modifies the Amount Financed under a Receivable, (iii) modifies the APR of a Receivable or (iv) increases the number of originally scheduled due dates of the Receivable, it will purchase the Receivable under Section 3.3, unless it is required to take the action by law or court order.

  • Mandatory Repayments and Prepayments 28 SECTION 3.06.

  • Provisions as to Paying Agent (a) If the Company shall appoint a Paying Agent other than the Trustee, the Company will cause such Paying Agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 4.04:

  • General Provisions Regarding Payments (a) All payments by Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, recoupment, set-off or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than (x) 12:00 p.m. (New York City time) on the date due at the Principal Office designated by Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Borrower on the next succeeding Business Day.

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