Common use of Manner and Time of Payment Clause in Contracts

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereof; funds received by Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 4 contracts

Samples: Credit Agreement (Dialogic Inc.), Credit Agreement (Dialogic Inc.), Credit Agreement (Online Resources Corp)

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Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 2:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company on the next succeeding Business Day.

Appears in 3 contracts

Samples: Credit Agreement (Urs Corp /New/), Credit Agreement (Urs Corp /New/), Security Agreement (Urs Corp /New/)

Manner and Time of Payment. All payments by the Company Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff set-off or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon p.m. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 Borrower on the next succeeding Business Day.

Appears in 2 contracts

Samples: Term Loan Agreement (Hospira Inc), Bridge Loan Agreement (Hospira Inc)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff set-off or counterclaim, free of any restriction or condition, and delivered to the Lenders Agent not later than 12:00 Noon 2:00 p.m. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment Office for the account of Lenders; funds received by the Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (America West Holdings Corp), Term Loan Agreement (America West Holdings Corp)

Manner and Time of Payment. All payments by the Company each Borrower of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company such Borrower on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (E Spire Communications Inc), Credit Agreement (E Spire Communications Inc)

Manner and Time of Payment. All payments by the Company of principal, interest, fees Fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, funds without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 3:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance HealthCare Services, Inc)

Manner and Time of Payment. All payments by the Company Borrower of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Lender not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment Office; funds received by Agent Lender after that time on such due date shall be deemed to have been paid by the Company Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Viasource Communications Inc)

Manner and Time of Payment. All payments by the Company Borrowers of principal, interest, fees and other Obligations hereunder shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 1:00 p.m. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company Borrowers on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 3:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofat 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 the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Panolam Industries International Inc)

Manner and Time of Payment. All payments by the Company of principal, premium, interest, fees and other Obligations hereunder shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 1:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Security Agreement (Ackerley Group Inc)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations hereunder shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 3:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofto be credited to 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 the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Oxford Health Plans Inc)

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Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Administrative Agent not later than 12:00 Noon 2:00 P.M. (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment 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 the Company on the next succeeding Business Day.. Table of Contents

Appears in 1 contract

Samples: Security Agreement (Urs Corp /New/)

Manner and Time of Payment. All payments by the Company of principal, interest, fees premium, if any, and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Lenders, the Agent and the Collateral Agent, as applicable not later than 12:00 Noon 3:00 p.m. (New York City time) on the date due in accordance with Section 14 hereofat the applicable Funding and Payment Offices; funds received by Agent a Lender Party after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Radnor Holdings Corp)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Agent not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment Office for the account of Lenders; funds received by Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Benedek License Corp)

Manner and Time of Payment. All payments by the 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, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Lender not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereofat the account of the Lender; funds received by Agent the Lender after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Smartalk Teleservices Inc)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders not later than 12:00 Noon (New York City time) (or, in the case of payments being made from the proceeds of Loans, 1:30 P.M. (New York City time)) on the date due in accordance with Section 14 hereof; funds received by Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.at the

Appears in 1 contract

Samples: Credit Agreement (James Cable Finance Corp)

Manner and Time of Payment. All payments by the Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Second Amended & Restated Credit Agreement Lenders not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereof; funds received by Agent after that time on such due date shall be deemed to have been paid by the Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Tennenbaum Capital Partners LLC)

Manner and Time of Payment. All payments by the Company Borrowers of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the Lenders Agent not later than 12:00 Noon (New York City time) on the date due in accordance with Section 14 hereofat the Funding and Payment Office for the account of Lenders; funds received by Agent after that time on such due date shall be deemed to have been paid by the Company Borrowers on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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