Common use of General Provisions Regarding Payments Clause in Contracts

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

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement (Concordia International Corp.), Credit and Guaranty Agreement

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General Provisions Regarding Payments. (a) All payments by a Borrower the Company of principal, interest, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Fundsimmediately available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent, for the Administrative Agent account of Lenders not later than, 12:00 than 2:00 p.m. (New York City time) on the date due at the Principal Office to Administrative Agent's Account or via wire transfer of the Administrative Agent for immediately available funds to the account of LendersAdministrative Agent most recently designated by it for such purpose by notice to the Company; for purposes of computing interest and fees, funds received by the Administrative Agent (or Lenders, as applicable) after that time on such due date shall be deemed to have been paid by such Borrower the Company on the next succeeding Business Day.

Appears in 2 contracts

Samples: Financing Agreement (Global Geophysical Services Inc), Settlement Agreement

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

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Concordia International Corp.)

General Provisions Regarding Payments. (a) All payments by a Borrower of principal, interest, premiums, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Fundssame day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and and, subject to Section 2.14(d), delivered to the Administrative Agent not later than, 12:00 than 2:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; provided that, for purposes of computing interest interest, premiums and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (J C Penney Co Inc)

General Provisions Regarding Payments. (a) All payments by a Borrower of principal, interest, fees and other Obligations shall be made by wire transfer of same day funds in the currency specified therefor, and if not so specified, in Dollars in Same Day FundsDollars, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, to the account of Administrative Agent most recently designated by it for such purpose and delivered to the Administrative Agent not later than, 12:00 than 3:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Griffon Corp)

General Provisions Regarding Payments. (a) All payments by a the Borrower of principal, interest, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Fundsimmediately available funds, without defense, recoupment, setoff or counterclaimcounterclaim (except as otherwise provided in Section 2.14), free of any restriction or condition, and delivered to the Administrative Agent, the Collateral Agent or the applicable Lender at such account as is directed by such Agent or Lender, not later than, than 12:00 p.m. noon (New York City time) on the date due at the Principal Office via wire transfer of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds immediately available funds. Funds received by the Administrative an Agent or a Lender after that time on such due date shall be deemed to have been paid by such the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Nicholas Financial Inc)

General Provisions Regarding Payments. (a) All payments by a Borrower Borrowers of principal, interest, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Fundssame day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or conditioncondition or, as provided herein, withholding or deduction for Tax, and delivered to the Administrative Agent not later than, 12:00 than 1:00 p.m. (New York City time) on the date due at the Principal Office of the designated by Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower Borrowers on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ambassadors International Inc)

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General Provisions Regarding Payments. (a) All payments by a Borrower the Borrowers of principal, interest, fees and other Obligations shall be made in the currency specified therefor, Approved Currency for the Loans and if not so specifiedCommitments related thereto, in Dollars each case in Same Day Fundssame day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than, 12:00 than 2:00 p.m. (New York City time) on the date due at the Principal Office of designated by the Administrative Agent for the account of Lenders; for . For purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower the Borrowers on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Grifols SA)

General Provisions Regarding Payments. (a) All payments by a the Borrower of principal, interest, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than, 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower on the next succeeding Business Day[REDACTED – Time Period].

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Concordia Healthcare Corp.)

General Provisions Regarding Payments. (a) All payments by a Borrower of principal, interest, fees fees, and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Fundsimmediately available funds, without defense, recoupment, setoff setoff, or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later thanAgent, 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders, not later than noon (New York time) to Administrative Agent’s Account or via wire transfer of immediately available funds to such other account as the Administrative Agent shall specify for such purpose by notice to the Borrower; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower Xxxxxxxx on the next succeeding Business Day.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Great Lakes Dredge & Dock CORP)

General Provisions Regarding Payments. (a) All payments by a Borrower of principal, interest, fees and other Obligations shall be made in the currency specified therefor, and if not so specified, in Dollars in Same Day Funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than, 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by such Borrower on the next succeeding Business Day[REDACTED – Time Period].

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Concordia Healthcare Corp.)

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