Common use of Manner and Time of Payment Clause in Contracts

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 3 contracts

Samples: Credit Agreement (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.), Credit Agreement (IntraLinks Holdings, Inc.)

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Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 3 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, funds and without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with such Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 3 contracts

Samples: Security Agreement (MBW Foods Inc), Security Agreement (Aurora Foods Inc /Md/), Credit Agreement (Aurora Foods Inc /De/)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon 1:00 P.M. (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 2 contracts

Samples: Credit Agreement (Propex Fabrics Inc.), Credit Agreement (Propex International Holdings II Inc.)

Manner and Time of Payment. All Except as provided in subsection 2.8E, all payments by Company of principal, interest, interest and fees hereunder and other Obligations under the Notes by Company shall be made in Dollars without defense, setoff and counterclaim and in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, funds and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, interest and fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose); provided that Administrative Agent shall give Company notice of such charges prior thereto or as soon as reasonably practicable thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Owens Illinois Inc /De/), Company Pledge Agreement (Owens Illinois Inc /De/)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon noon (New York City San Francisco time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 2 contracts

Samples: Credit Agreement (United Online Inc), Security Agreement (United Online Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 2 contracts

Samples: Credit Agreement (FTD Group, Inc.), Security Agreement (FTD Group, Inc.)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 2 contracts

Samples: Intercreditor Agreement (SafeNet Holding Corp), Assignment and Assumption (SafeNet Holding Corp)

Manner and Time of Payment. All payments of principal and interest hereunder and under the Notes by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-set off or counterclaim, free of any restriction or condition, counterclaim and in same-day funds and delivered to the Administrative Agent Agent, unless otherwise specified, not later than 12:00 Noon 3:00 P.M. (New York City time) on the date due at the Funding and Payment Account Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day. The Company hereby authorizes the Administrative Agent to charge its accounts account with the Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, interest and fees and expenses due hereunder (subject to sufficient funds being available in its accounts account for that purpose).

Appears in 2 contracts

Samples: Credit Agreement (Wellman Inc), Credit Agreement (Wellman Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not no later than 12:00 Noon 1:00 P.M. (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds . Funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (Clayton Holdings Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon 10:00 A.M. (New York City California time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

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Manner and Time of Payment. All payments by Company of principal, interest, interest and fees hereunder and other Obligations under the Notes by Borrower shall be made in Dollars in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, counterclaim and in same day funds and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account its office located at One Bankers Trust Plaza, New York, New York for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company Borrower on the next succeeding Business Day. Company Borrower hereby authorizes Administrative Agent to charge its accounts account with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, interest and fees and expenses due hereunder (subject to sufficient funds being available in its accounts account for that purpose).

Appears in 1 contract

Samples: Credit Agreement (Blue Bird Corp)

Manner and Time of Payment. All payments of principal and interest and fees hereunder and under the Notes by Company of principal, interest, fees and other Obligations the Borrower shall be made in Dollars in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, counterclaim and in same-day funds and delivered to the Administrative Agent Agent, unless otherwise specified, not later than 12:00 Noon noon (New York City time) on the date due at the Funding and Payment Account Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by Company the Borrower on the next succeeding Business Day. Company The Borrower hereby authorizes the Administrative Agent to charge its accounts account with the Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, interest and fees and expenses due hereunder (subject to sufficient funds being available in its accounts account for that purpose).

Appears in 1 contract

Samples: Bridge Loan Agreement (Constellation Brands Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon 1:00 P.M. (New York City time) on the date due at the Funding and Payment Account for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Manner and Time of Payment. All payments of principal and interest and fees hereunder and under the Notes by Company of principal, interest, fees and other Obligations Borrower shall be made in Dollars in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, counterclaim and in same-day funds and delivered to the Administrative Agent Agent, unless otherwise specified, not later than 12:00 Noon noon (New York City time) on the date due at the Funding and Payment Account Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by Company Borrower on the next succeeding Business Day. Company Borrower hereby authorizes the Administrative Agent to charge its accounts account with the Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, interest and fees and expenses due hereunder (subject to sufficient funds being available in its accounts account for that purpose).

Appears in 1 contract

Samples: Bridge Loan Agreement (Associated Materials Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, funds and without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with such Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, funds and without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations hereunder shall be made in Dollars in same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City San Francisco time) on the date due at the Funding and Payment Account Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

Appears in 1 contract

Samples: Credit Agreement (PRA International)

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