Common use of Manner and Time of Payment Clause in Contracts

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. (Central time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 5 contracts

Samples: Loan Agreement (Talmer Bancorp, Inc.), Loan Agreement (National Penn Bancshares Inc), Subordinated Debenture Purchase Agreement (Independent Bank Corp)

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Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. (Central Chicago time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 4 contracts

Samples: Loan and Subordinated Debenture Purchase Agreement (Centrue Financial Corp), Agreed Upon Terms and Procedures (Old Second Bancorp Inc), Agreed Upon Terms and Procedures (German American Bancorp, Inc.)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. (Central Chicago, Illinois time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 2 contracts

Samples: Subordinated Debenture Purchase Agreement (Plumas Bancorp), Subordinated Debenture Purchase Agreement (First Internet Bancorp)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 12:00 noon (Central Eastern time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 2 contracts

Samples: Loan Agreement (Pinnacle Financial Partners Inc), Loan Agreement (Pinnacle Financial Partners Inc)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s 's written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. (Central time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (East West Bancorp Inc), Subordinated Debenture Purchase Agreement (Southwest Bancorp of Texas Inc)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. (Central time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 2 contracts

Samples: Loan Agreement (First Midwest Bancorp Inc), Loan Agreement (First Midwest Bancorp Inc)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off set‑off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s 's written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 12:00 noon (Central Cincinnati, Ohio time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Peoples Bancorp Inc)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off set‑off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 12:00 noon (Central Cincinnati, Ohio time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Mainsource Financial Group)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off set‑off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s 's written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 12:00 noon (Central Eastern time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Pinnacle Financial Partners Inc)

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Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, made without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars Dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 2:00 P.M. (Central Eastern time) on the date due. Funds ; and funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and Dollars, either by authorized debit or by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender funds, not later than 11:00 a.m. A.M. (Central Pacific time) on the date due. Funds ; and funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (BrightSource Energy Inc)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s 's written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. A.M. (Central Illinois time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Interstate General Co L P)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, without condition or reservation of right and free of set-off off, deduction or counterclaim, in U.S. dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered to Lender not later than 11:00 a.m. 12:00 noon (Central Cincinnati, Ohio time) on the date due. Funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (German American Bancorp, Inc.)

Manner and Time of Payment. All payments of principal, interest and fees hereunder payable to Lender shall be made, made without condition or reservation of right and free of set-off or counterclaim, in U.S. dollars Dollars and by wire transfer (pursuant to Lender’s written wire transfer instructions) of immediately available funds delivered funds, to Lender Lender, for the account of Lender, not later than 11:00 a.m. 2:00 P.M. (Central Eastern time) on the date due. Funds ; and funds received by Lender after that time and date shall be deemed to have been paid on the next succeeding Business Day.

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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