General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without defense, setoff or counterclaim, 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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. 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.

Appears in 5 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 5 contracts

Samples: Credit Agreement (Rockwell Automation Inc), Day Credit Agreement (Rockwell Automation Inc), Assignment and Assumption Agreement (Rockwell Automation Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans or L/C Obligations and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank Party its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ Term Benchmark Loans or Competitive Loans shall be due on a day which is not a ~~Euro-Dollar~~ Domestic Business Day, the date for payment thereof shall be extended to the next succeeding ~~Euro-Dollar~~ Domestic Business Day unless such ~~Euro-Dollar~~ Domestic Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding ~~Euro-Dollar~~ Domestic 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.

Appears in 4 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

General Provisions as to Payments. (a) ~~The Borrower shall make each payment~~ Payment of principal ~~of,~~ of and interest ~~on,~~ on the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ and all other amounts due hereunder shall be made not later than ~~12:00 Noon~~ 2:00 p.m. (~~New York City~~ Boston time) on the date when due, in United States dollars and in Federal or other funds immediately available in ~~New York City~~Boston, to the ~~Administrative~~ Operations Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. Each Borrower hereby authorizes the Operations Agent to debit its applicable account with State Street on the date when payment of amounts hereunder is due by that Borrower, and in the amounts of such payments. The ~~Administrative~~ Operations Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Operations Agent for the account of the ~~Lenders~~Banks. All payments of principal of, and interest accrued on, Swing Line Loans shall be distributed solely to State Street for its own account. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Loans or ~~any payment~~ of fees or any other amount due hereunder 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~~ and interest and fees shall accrue during 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~~extension. 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.

Appears in 4 contracts

Samples: Credit Agreement (Columbia Funds Variable Insurance Trust I), Credit Agreement (Columbia Funds Series Trust), Credit Agreement (Columbia Funds Series Trust I)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each Lender in like funds its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 3 contracts

Samples: Credit Agreement (Duke Energy CORP), Term Loan Credit Agreement (Duke Energy CORP), Term Loan Credit Agreement (Piedmont Natural Gas Co Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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. 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.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 ~~Administrative~~ Agent at its address ~~specified~~ referred to in its Administrative Questionnaire, without set-off or ~~pursuant to Section 9.01~~counterclaim. The ~~Administrative~~ Agent will promptly distribute to each Lender its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, ~~the~~ any Base Rate Loans or ~~any payment 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~~month or falls after the Maturity Date, in which case the date for payment thereof shall be the next preceding 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.

Appears in 3 contracts

Samples: Bridge Credit Agreement (Aetna Inc /Pa/), Bridge Credit Agreement (Aetna Inc /Pa/), Credit Agreement (Aetna Inc /Pa/)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and Reimbursement Obligations and of fees hereunder~~, without defense, setoff or counterclaim~~, 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, without set-off, counterclaim or other deduction, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The ~~Administrative~~ Agent will promptly distribute to each ~~Lender~~ Bank Party its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Reimbursement Obligations 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. 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.

Appears in 3 contracts

Samples: Collateral Trust Agreement (Aes Corporation), Assignment and Assumption Agreement (Aes Corporation), Reimbursement and Exchange Agreement (Aes Corporation)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and interest thereon and of fees ~~hereunder, without defense, setoff or counterclaim,~~ 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 Administrative Agent at its address specified in or pursuant to Section ~~9.01~~9.01 and without reduction by reason of any set-off, counterclaim or deduction of any kind. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 3 contracts

Samples: Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp), Credit Agreement (Marathon Oil Corp)

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the Loans and of Letter of Credit Liabilities and of fees ~~hereunder, without defense, setoff or counterclaim~~hereunder (other than fees payable directly to any L/C Issuer), not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The ~~Administrative~~ Agent will promptly distribute to each Lender its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ of Letter of Credit Liabilities 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. 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.

Appears in 3 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans or L/C Obligations and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank Party its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 or 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 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. 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.

Appears in 3 contracts

Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

General Provisions as to Payments. (a) The Borrower shall make each payment of ~~principal of, and~~ interest ~~on,~~ on the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 ~~Administrative~~ Lead Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The ~~Administrative~~ Lead Agent will promptly (and in any event within one (1) Domestic Business Day after receipt thereof) distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Lead Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest ~~on,~~ on the Base Rate Loans or ~~any payment~~ CD 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. 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.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Trinet Corporate Realty Trust Inc), Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)

General Provisions as to Payments. (a) ~~The Borrower shall make each~~ Each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder shall be made not later than ~~12:00 Noon~~ 2:30 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~11.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans, Swingline Loans or ~~any payment~~ Letter of Credit Liabilities 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 Bid Rate 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.

Appears in 2 contracts

Samples: Credit Agreement (Imc Global Inc), Imc Global Inc

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the Loans and Reimbursement Obligations and of fees hereunder~~, without defense, setoff or counterclaim~~, 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, without set-off, counterclaim or other deduction, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The ~~Administrative~~ Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Reimbursement Obligations 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Aes Corporation), Credit Agreement (Aes Corporation)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without defense, setoff or counterclaim, 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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~~ Term SOFR 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Edison Inc), Credit Agreement (Consolidated Edison Co of New York Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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, without set-off, counterclaim or other deduction, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~7.11. The ~~Administrative~~ Agent will promptly distribute to each ~~Lender~~ Bank Party (subject to clause (c) below) its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ Eurodollar Loans shall be due on a day which is not a ~~Euro-Dollar~~ Eurodollar Business Day, the date for payment thereof shall be extended to the next succeeding ~~Euro-Dollar~~ Eurodollar Business Day unless such ~~Euro-Dollar~~ Eurodollar Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding ~~Euro-Dollar~~ Eurodollar 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.

Appears in 2 contracts

Samples: Assignment and Assumption (Aes Corp), Collateral Trust Agreement (Aes Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and Reimbursement Obligations and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 11:00 A.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, without set-off, counterclaim or other deduction, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~11.01. The Administrative Agent will promptly distribute to the Issuer and each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Issuer and the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Reimbursement Obligations 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Cogentrix Energy Inc), Credit Agreement (Cogentrix Energy Inc)

General Provisions as to Payments. (a) ~~The Borrower shall make each payment~~ Payment of principal ~~of,~~ of and interest ~~on,~~ on the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ and all other amounts due hereunder shall be made not later than ~~12:00 Noon~~ 2:00 p.m. (~~New York City~~ Boston time) on the date when due, in United States dollars and in Federal or other funds immediately available in ~~New York City~~Boston, to the ~~Administrative~~ Operations Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. Each Borrower hereby authorizes the Operations Agent to debit its applicable account with State Street on the date when payment of amounts hereunder is due by that Borrower, and in the amounts of such payments. The ~~Administrative~~ Operations Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Operations Agent for the account of the ~~Lenders~~Banks. All payments of principal of, and interest accrued on, Swing Line Advances shall be distributed solely to State Street for its own account. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Loans or ~~any payment~~ of fees or any other amount due hereunder 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~~ and interest and fees shall accrue during 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~~extension. 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.

Appears in 2 contracts

Samples: Credit Agreement (Columbia Funds Trust Iii), Credit Agreement (Columbia Funds Trust Ii)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the ~~Loans~~ Loans, of Letter of Credit Liabilities and interest thereon and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder not later than ~~12:00 Noon~~ 2:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address specified in or pursuant to Section ~~9.01~~9.01 and without reduction by reason of any set-off or counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 2 contracts

Samples: Credit Agreement (Neiman Marcus Group Inc), Credit Agreement (Neiman Marcus Group Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder (i) not later than ~~12:00 Noon~~ 1:00 p.m. (New York ~~City~~ time) on the date when due, in ~~Federal or other funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its ~~address specified~~ Payment Office, and (ii) without any right to set-off, deduction or counterclaim by the Borrower. All payments made hereunder shall be made (i) in the case of Obligations denominated in U.S. Dollars, in U.S. Dollars in immediately available funds at the place of payment, or ~~pursuant to Section 9.01~~(ii) in the case of Obligations denominated in Canadian Dollars, in Canadian Dollars in immediately available funds at the place of payment. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans, Canadian Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Data Systems Corp), Credit Agreement (Alliance Data Systems Corp)

General Provisions as to Payments. (~~a) The~~ a)The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each Lender in like funds its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans, Swingline Loans or ~~any payment~~ Letter of Credit Liabilities 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Duke Energy Carolinas, LLC)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each Lender in like funds its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans, Swingline Loans or ~~any payment~~ Letter of Credit Liabilities 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Duke Energy Carolinas, LLC), Credit Agreement (Duke Energy CORP)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of Letter of Credit Liabilities and of fees ~~hereunder, without defense, setoff or counterclaim~~hereunder (other than fees payable directly to any L/C Issuer), not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The ~~Administrative~~ Agent will promptly distribute to each Lender its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ of Letter of Credit Liabilities 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, free and clear of and without condition or deduction for any counterclaim, defense, ~~setoff~~ recoupment or ~~counterclaim~~setoff, 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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~~ Term SOFR 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. 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.

Appears in 2 contracts

Samples: Credit Agreement (Consolidated Edison Co of New York Inc), Credit Agreement (Consolidated Edison Co of New York Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees and other amounts payable hereunder~~, without defense, setoff or counterclaim~~, 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, without off set or counterclaim, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The ~~Administrative~~ Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ of fees or other amounts payable hereunder 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. 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.

Appears in 1 contract

Samples: Credit Agreement (U S West Inc /De/)

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the Loans and each payment of commitment fees ~~hereunder, without defense, setoff or counterclaim,~~ and letter of credit fees hereunder not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City time~~Eastern Time) on the date when due, in Federal or other ~~funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its address for payments specified in or pursuant to Section ~~9.01~~11.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, ~~the~~ any Group of Base Rate Loans or ~~any payment~~ CD Loans or of commitment fees or letter of credit 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Vencor Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans ~~and of fees hereunder, without defense, setoff or counterclaim,~~ not later than 12:00 Noon (~~New York City~~ Tokyo time) on the date when due, in ~~Federal or other funds~~ Yen and in immediately available funds in ~~New York City~~Tokyo, Japan, to the ~~Administrative~~ Agent at ~~its address specified in or pursuant to Section 9.01~~the Agent's Tokyo Office. The ~~Administrative~~ Borrower shall make each payment of fees and all other amounts due hereunder (other than those provided for in the preceding sentence) not later than 12:00 Noon (New York time) on the date when due, in Dollars and in immediately available funds in New York, to the Agent at the Agent's Dollar Office. All payments shall be made without set-off, counterclaim or deduction of any kind. The Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Loans ~~or any payment 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. 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.

Appears in 1 contract

Samples: Loan Agreement (Cabot Corp)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 p.m. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01, without set-off or counterclaim. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share (if any) of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~. 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~~.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

General Provisions as to Payments. ~~(a)~~ The Borrower shall make each payment of principal of, and interest on, the Loans and ~~of fees hereunder, without defense, setoff or counterclaim,~~ offees hereunder not later than ~~12:00 Noon~~ 11:00 a.m. (~~New York City~~ Chicago time) on the date when ~~due,~~ due in ~~Federal or other~~ funds immediately available in ~~New York City,~~ Chicago to the Administrative Agent at its address ~~specified in~~ set forth on the signature pages hereof or ~~pursuant~~ at such other address as it may hereafter designate by notice to ~~Section 9.01~~the Borrower and the Banks for the account of the Lending Office of each Bank. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received ~~by the Administrative Agent~~ for the account of ~~the Lenders~~such Bank. Whenever any payment of principal of, or interest on, the Base Rate Loans or of any ~~payment of fees~~ fee 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~~ Eurodollar 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~~ as a result thereof it would fall in ~~another~~ the next calendar month, in which case ~~the date for payment thereof~~ it shall be advanced to the next preceding ~~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.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder not later than ~~12:00 Noon~~ 2:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address specified in or pursuant to Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each Lender its ratable share (if any) of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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. 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.

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

General Provisions as to Payments. (~~a) The~~ a)The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ‎Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each Lender in like funds its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ Euro‑Dollar Loans shall be due on a day which is not a ~~Euro-Dollar~~ Euro‑Dollar Business Day, the date for payment thereof shall be extended to the next succeeding ~~Euro-Dollar~~ Euro‑Dollar Business Day unless such ~~Euro-Dollar~~ Euro‑Dollar Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding ~~Euro-Dollar~~ 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.

Appears in 1 contract

Samples: The Term Loan Credit Agreement (Progress Energy Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank in like funds its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans, Swingline Loans or ~~any payment~~ Letter of Credit Liabilities 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Duke Energy CORP)

General Provisions as to Payments. (a) ~~The~~ Each Borrower shall make each payment of principal of, and interest on, ~~the~~ Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, not later than 12:00 Noon (New York City time) on the date when due, without setoff, counterclaim or deduction, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Heinz H J Co)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank in like funds its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Duke Energy CORP)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense, setoff~~ any set-off or counterclaim, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Conformed (K N Energy Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in Section 10.01 and without reduction by reason of any set-off or ~~pursuant to Section 9.01~~counterclaim. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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-~~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.

Appears in 1 contract

Samples: Credit Agreement (Vlasic Foods International Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. ~~The~~ Except as otherwise provided in Section 8.5, the Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 2:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York ~~City~~City and in the lawful currency of the United States, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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-~~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.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, ~~the~~ Loans and Letters of Credit Liabilities and of fees hereunder, ~~without defense, setoff or counterclaim,~~ in Dollars not later than ~~12:00 Noon~~ 11:00 A.M. (~~New York City~~ California local time) on the date when due, in Federal or other ~~funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01, without offset or counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders, in Dollars and in the type of funds received by the Administrative Agent. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Letters of Credit Liabilities 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Park Place Entertainment Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~setoff, ~~setoff~~ counterclaim or ~~counterclaim~~other deductions, not later than 12:00 Noon (~~New York City~~ Chicago time) on the date when due, in Federal or other funds immediately available in ~~New York City~~Chicago, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Money Market Absolute Rate 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~~ any Euro-Dollar ~~Loans~~ Loan or Money Market LIBOR Loan 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. 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.

Appears in 1 contract

Samples: Agreement (General American Transportation Corp /Ny/)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of Letter of Credit Liabilities and of fees ~~hereunder, without defense, setoff or counterclaim~~hereunder (other than fees payable directly to any L/C Issuer), not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The ~~Administrative~~ Agent will promptly distribute to each Lender its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ of Letter of Credit Liabilities 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~5.03. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks to be applied ratably to the Tranche A Loans, the Tranche B Loans and Tranche C Loans of the Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Term Credit Agreement (American Mobile Satellite Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of Letter of Credit Liabilities and interest thereon and of fees ~~hereunder, without defense, setoff or counterclaim~~hereunder (other than fees payable directly to the Issuing Lenders), 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate ~~Loans~~ Loans, or ~~any payment~~ of Letter of Credit Liabilities or interest thereon 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Exide Electronics Group Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of the principal ~~of,~~ of and interest ~~on,~~ on the Loans and of fees hereunder, without ~~defense, setoff~~ set-off or counterclaim, by initiating a wire transfer not later than ~~12:00 Noon~~ 1:00 p.m. (New York City time) on the date when due, in of Federal or other appropriate funds immediately available in New ~~York City~~York, New York, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest ~~on,~~ on the Base Rate Loans or ~~any payment~~ 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~~ Currency Loans shall be due on a day which is not a Euro-~~Dollar~~ Currency Business Day, the date for payment thereof shall be extended to the next succeeding Euro-~~Dollar~~ Currency Business Day unless such Euro-~~Dollar~~ Currency Business Day falls in another calendar month, in which case the date for payment thereof shall be the ~~next~~ immediately preceding Euro-~~Dollar~~ Currency 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.

Appears in 1 contract

Samples: Credit Agreement (Istar Financial Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the ~~Loans~~ Loans, of Letter of Credit Liabilities and of fees hereunder, without ~~defense, setoff~~ any set-off or counterclaim, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate Loans~~ Domestic Loans, of Letter of Credit Liabilities or ~~any payment~~ 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.

Appears in 1 contract

Samples: Credit Agreement (K N Energy Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off or ~~pursuant to Section 9.01~~counterclaim. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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 45 51 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.

Appears in 1 contract

Samples: Credit Agreement (Vlasic Foods International Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank in like funds its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Duke Capital LLC)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal ~~of,~~ of and interest on, the Loans and of Letter of Credit Liabilities and interest thereon and of fees ~~hereunder, without defense, setoff or counterclaim~~hereunder (other than fees payable directly to the Issuing Bank), 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 ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The ~~Administrative~~ Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal ~~of,~~ of or interest on, the Base Rate Loans or ~~any payment~~ of Letter of Credit Liabilities or interest thereon 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,~~ of or interest on, the ~~Euro-Dollar~~ EuroDollar Loans shall be due on a day which is not a ~~Euro-Dollar~~ EuroDollar Business Day, the date for payment thereof shall be extended to the next succeeding ~~Euro-Dollar~~ EuroDollar Business Day unless such ~~Euro-Dollar~~ EuroDollar Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding ~~Euro-Dollar~~ EuroDollar 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.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense,~~ setoff or ~~counterclaim,~~ counterclaim and 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The Administrative Agent will promptly distribute to each ~~Lender~~ Lender, for the account of its Applicable Lending Office, its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ that 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees and other amounts payable hereunder~~, without defense, setoff or counterclaim~~, not later than 12:00 Noon (New York City time) on the date when due, in ~~Federal or other funds~~ immediately available funds in New York City, without off set or counterclaim, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate ~~Loans~~ Loans, Tranche B Loans, or ~~any payment~~ of fees or other amounts payable hereunder 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~~. 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~~.

Appears in 1 contract

Samples: Term Loan Agreement (Qwest Communications International Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the ~~Loans~~ Loans, of Letter of Credit Liabilities and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~11.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.~~Dollar

Appears in 1 contract

Samples: Credit Agreement (Campbell Soup Co)

General Provisions as to Payments. (a) a The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans or L/C Obligations and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank Party its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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-~~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.

Appears in 1 contract

Samples: Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

General Provisions as to Payments. (a) All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. The Borrower shall make each payment of principal of, and interest on, ~~the~~ Loans and Letters of Credit Liabilities and of fees hereunder, ~~without defense, setoff or counterclaim,~~ in Dollars not later than ~~12:00 Noon~~ 11:00 A.M. (~~New York City~~ California local time) on the date when due, in ~~Federal~~ federal or other ~~funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01, without offset or counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders, in Dollars and in the type of funds received by the Administrative Agent. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Letters of Credit Liabilities 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans or L/C Obligations and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01. The~~ 9.01.The Administrative Agent will promptly distribute to each ~~Lender~~ Bank Party its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Bank Parties. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 or 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 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. 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 1 contract

Samples: Day Credit Agreement (Rockwell Automation Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank in like funds its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Duke Energy Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:30 P.M. (~~New York City~~ Eastern Standard time) on the date when due, in Federal or other funds immediately available in ~~New York City~~Boston,, Massachusetts, to the ~~Administrative~~ Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. The ~~Administrative~~ Agent will promptly distribute to each Lender its ratable share of each such payment received by the ~~Administrative~~ Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the ~~Base~~ Prime Rate Loans or ~~any payment~~ 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~~ Libor 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Perini Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 2:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York ~~City~~City and in the lawful currency of the United States, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Term Loan Agreement (Ace LTD)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the ~~Loans~~ Loans, of Letter of Credit Liabilities and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 2:00 p.m. (New York City time) on the date when due, in ~~Federal or other~~ funds immediately available in New York ~~City~~City without set-off or counterclaim, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.02. If a Fed-Wire reference or ~~pursuant to Section 9.01~~tracer number has been received, from the Borrower or otherwise, by the Administrative Agent by that time the Borrower will not be penalized for a payment received after 2:00 p.m. (New York City time). The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Letter of Credit Liabilities 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Martin Marietta Materials Inc)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.~~22

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

General Provisions as to Payments. (a) The --------------------------------- Borrower shall make each payment of principal of, and interest on, the Loans and of ~~fees~~ Fees and other amounts payable hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. The Administrative Agent ~~will~~ shall promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ of ~~fees~~ Fees or other amounts payable hereunder 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. 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.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Bethlehem Steel Corp /De/)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the ~~Loans~~ Loans, of Letter of Credit Liabilities and interest thereon and of fees ~~hereunder, without defense, setoff or counterclaim,~~ 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 Administrative Agent at its address specified in or pursuant to Section ~~9.01~~9.01 and without reduction by reason of any set-off or counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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-~~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.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Usx Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~9.1. ~~The~~ Except as otherwise provided in Section 8.5, the Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Meadwestvaco Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than 12:00 ~~Noon~~ noon (~~New York City~~ Houston time) on the date when due, in Federal or other funds immediately available in ~~New York City~~Houston, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable ~~share~~ share, if any, of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Alternate Competitive 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 Committed Loans and the Euro-Dollar Competitive 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-~~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. 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.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Petrochemical Co)

General Provisions as to Payments. (a) The ~~Borrower~~ Borrowers shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder not later than ~~12:00 Noon~~ 2:00 P.M. (New York City time) on the date when due, in Federal or other funds immediately available in New York City, without set-off, counterclaim or other deduction, to the Administrative Agent at its ~~address specified in or pursuant to Section 9.01~~New York Office. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the ~~account~~ respective accounts of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction (subject to Section 8.04), 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or any payment 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.

Appears in 1 contract

Samples: Credit Agreement (Guidant Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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 or the Money Market LIBOR 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 Absolute Rate 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.

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt Inc /Mo)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder (i) not later than ~~12:00 Noon~~ 1:00 p.m. (New York ~~City~~ time) on the date when due, in ~~Federal or other funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its ~~address specified~~ Payment Office, and (ii) without any right to set‑off, deduction or counterclaim by the Borrower. All payments made hereunder shall be made in ~~or pursuant to Section 9.01~~U.S. Dollars in immediately available funds at the place of payment. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ SOFR 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Bread Financial Holdings, Inc.)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, 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~~available, to the account of the Administrative Agent ~~at its address specified~~ designated by it to the Company in ~~or pursuant to Section 9.01~~writing for such purpose. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Rockwell Automation Inc)

General Provisions as to Payments. (~~a) The~~ a)The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than ~~12:00 Noon~~ 1:00 P.M. (~~New York City~~ Eastern time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off, counterclaim or ~~pursuant to Section 9.01~~deduction of any kind. The Administrative Agent will promptly distribute to each Lender in like funds its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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~~ Euro‑Dollar Loans shall be due on a day which is not a ~~Euro-Dollar~~ Euro‑Dollar Business Day, the date for payment thereof shall be extended to the next succeeding ~~Euro-Dollar~~ Euro‑Dollar Business Day unless such ~~Euro-Dollar~~ 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. 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.~~Euro‑Dollar

Appears in 1 contract

Samples: Term Loan Credit Agreement (Duke Energy Progress, Llc.)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off or ~~pursuant to Section 9.01~~counterclaim. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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.

Appears in 1 contract

Samples: Credit Agreement (Litton Industries Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without ~~defense~~set-off, ~~setoff~~ counterclaim or ~~counterclaim~~other deduction, not later than 12:00 Noon (New York City time) on the date when due, in dollars in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Armstrong World Industries Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, ~~the~~ Loans and Letters of Credit Liabilities and of fees hereunder, ~~without defense, setoff or counterclaim,~~ in Dollars not later than ~~12:00 Noon~~ 11:00 A.M. (~~New York City~~ California local time) on the date when due, in ~~Federal~~ federal or other ~~funds~~ immediately available ~~in New York City~~funds, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01, without offset or counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders, in Dollars and in the type of funds received by the Administrative Agent. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ Letters of Credit Liabilities 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-~~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. 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.

Appears in 1 contract

Samples: Five Year Credit Agreement (Hilton Hotels Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees and other amounts payable hereunder~~, without defense, setoff or counterclaim~~, 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, without off set or counterclaim, to the Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section ~~9.01~~10.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or ~~any payment~~ of fees or other amounts payable hereunder 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~~. 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~~.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder~~, without defense, setoff or counterclaim~~, 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 Administrative Agent at its address ~~specified~~ referred to in ~~or pursuant to~~ Section 9.01, without set-off or counterclaim. The Administrative Agent will promptly distribute in like funds to each ~~Lender~~ Bank its ratable share of each such payment received by the Administrative Agent for the account of the ~~Lenders~~Banks. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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 Competitive Bid 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.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

General Provisions as to Payments. (a) The ~~Borrower~~ Company shall make each payment of principal of, and interest on, the Loans and of fees hereunder, ~~without defense, setoff or counterclaim,~~ not later than 12:00 ~~Noon~~ noon (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its address ~~specified~~ referred to in Section 9.01 and without reduction by reason of any set-off or ~~pursuant to Section 9.01~~counterclaim. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or ~~any payment~~ 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. 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.

Appears in 1 contract

Samples: Credit Agreement (Polaroid Corp)

General Provisions as to Payments. ~~(a)~~ The Borrower shall make each payment of principal of, and interest on, the Loans and of fees ~~hereunder, without defense, setoff or counterclaim,~~ hereunder not later than ~~12:00 Noon~~ 11:00 a.m. (New York City time) on the date when ~~due,~~ due in ~~Federal or other~~ funds immediately available in New York ~~City,~~ City to the Administrative Agent at its address ~~specified~~ set forth on the signature pages hereof or at such other address as it may hereafter designate by notice to the Borrower and the Banks for the account of (i) the Domestic Lending Office of each Bank in the case of Domestic Loans or ~~pursuant to Section 9.01~~(ii) the Euro-Dollar Lending Office of each Bank in the case of Euro-Dollar Loans. The Administrative Agent will promptly distribute to each ~~Lender~~ Bank its ratable share of each such payment received ~~by the Administrative Agent~~ for the account of ~~the Lenders~~such Bank. Whenever any payment of principal of, or interest on, the ~~Base Rate~~ Domestic Loans or of any ~~payment of fees~~ fee 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~~ as a result thereof it would fall in ~~another~~ the next calendar month, in which case ~~the date for payment thereof~~ it shall be advanced to the next preceding 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.

Appears in 1 contract

Samples: Bridge Credit Agreement (Bemis Co Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without defense, setoff or counterclaim, 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 Administrative Agent at its address specified in or pursuant to Section 9.01. The Administrative Agent will promptly distribute to each Lender its ratable share of each such payment received by the Administrative Agent for the account of the Lenders. Whenever any payment of principal of, or interest on, the Base Rate Loans or any payment 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 Competitive Bid 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.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Edison Inc)

Common use of General Provisions as to Payments Clause in Contracts