Method and Place of Payment, etc. Except as expressly provided herein, all payments under this Agreement shall be made to the Agent for the ratable account of the Banks not later than Noon (New York time) on the date when due and shall be made in freely transferable U.S. dollars and in immediately available funds at the Payment Office (or, if such payment is made in respect of principal of or interest on any Eurodollar Loan, for the account of such non-U.S. office of the Agent as the Agent may from time to time direct). Unless the Agent shall have been notified by the applicable Borrower prior to the date on which any payment to be made by the applicable Borrower hereunder is due that the applicable Borrower does not intend to remit such payment, the Agent may, at its discretion, assume that the applicable Borrower has remitted such payment when so due and the Agent may, at its discretion and in reliance upon such assumption, make available to each Bank (for the account of its applicable lending office) on such payment date an amount equal to such Bank's share of such assumed payment. If the applicable Borrower has not in fact remitted such payment to the Agent, each Bank shall forthwith on demand repay to the Agent the amount of such assumed payment made available to such Bank together with interest thereon in respect of each day from and including the date such amount was made available by the Agent to such Bank to the date such amount is repaid to the Agent at a rate per annum equal to the Federal Funds Rate. On the commencement date of each Interest Period and on each date occurring two Business Days prior to an Interest Payment Date, the Agent shall notify the applicable Borrower of the amount of interest and/or fees due at the end of such Interest Period or on such Interest Payment Date (assuming, in the case of Base Rate Loans, that there is no change in the rate of interest applicable to the applicable Base Rate Loan); provided, however, that failure to so notify the applicable Borrower shall not affect such Borrower's obligation to make any such payments.
Method and Place of Payment, etc. All payments by BAFC under this Agreement and the Liquidity Loan Notes owing to the Liquidity Banks shall be made to the Administrative Agent without setoff or counterclaim for distribution to each Liquidity Bank (or to an Exiting Bank, in the case of an Exiting Loan) in accordance with the Liquidity Facility Fee Letter and the Liquidity Loan Notes not later than 2:00 p.m. (New York City time) on the date when due and shall be made in freely transferable Dollars and in immediately available funds at the Payment Office. Upon receipt of such payment, the Administrative Agent shall promptly remit to each Liquidity Bank its pro rata share (or, in the case of payments with respect to Exiting Loans, the entire amount) of the payment; provided, that BAFC shall not be obligated to pay any Commitment Fee owed to a Liquidity Bank with respect to any period during which such Liquidity Bank became a Defaulting Liquidity Bank and such Defaulting Liquidity Bank’s Liquidity Commitment shall not be included in the calculation of the Commitment Fees owed to Liquidity Banks that are not Defaulting Liquidity Banks during such period, unless in either case such Liquidity Bank remains a Performing Liquidity Bank during such period.
Method and Place of Payment, etc. All payments by BAFC under this Agreement and the Liquidity Loan Notes owing to the Liquidity Banks shall be made to the Administrative Agent without setoff or counterclaim for distribution to each Liquidity Bank (or to an Exiting Bank, in the case of an Exiting Loan) in accordance with the Liquidity Facility Fee Letter and the Liquidity Loan Notes not later than 2:00 p.m. (New York City time) on the date when due and shall be made in freely transferable Dollars and in immediately available funds at the Payment Office. Upon receipt of such payment, the Administrative Agent shall promptly remit to each Liquidity Bank its pro rata share (or, in the case of payments with respect to Exiting Loans, the entire amount) of the payment.
Method and Place of Payment, etc. (a) Except as otherwise specifically provided herein, all payments under this Agreement and under any Note shall be made to the Administrative Agent for the account of the Lender or Lenders entitled thereto not later than 12:00 Noon (New York City time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office. Notwithstanding anything to the contrary contained in this Agreement, whenever any payment to be made under this Agreement or under any Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable at the applicable rate during such extension.
Method and Place of Payment, etc. (a) All payments by the Company under this Agreement and the Loan Notes owing to the Liquidity Lenders shall be made to the Liquidity Agent for the pro rata account of each Liquidity Lender, without setoff or counterclaim, not later than 2:00 p.m. (New York City time) on the date when due and shall be made in freely transferable U.S. dollars and in immediately available funds at the Liquidity Agent's Payment Office. Payments by the Company shall be distributed by the Liquidity Agent to the Liquidity Lenders (i) on account of principal of and interest on the Loans made by the Liquidity Lenders, pro rata according to the respective outstanding principal amounts of the Loans held by each Liquidity Lender and (ii) on account of the Liquidity Fee in accordance with each Liquidity Lender's respective Percentage prior to the close of business on the day on which received.
Method and Place of Payment, etc. (a) All payments to the Lender under this Agreement shall be made to the account of ABN AMRO Bank, Seattle Branch at ABN AMRO Bank N.V., New York, New York, Account Number 651001085541 ABA Routing Number 000-000-000; Swift Number: XXXXXX0X (the "ABN Account") on the date when due and shall be made in freely transferable U.S. dollars and in immediately available funds.
Method and Place of Payment, etc. It is contemplated that substantially all payments made under this Agreement, the Revolving Notes, and the other Transaction Documents will be effected by the Collateral Agent transferring Distributions to the Facility Agent for application against the Obligations. When any payment is required to be made with respect to any Obligation, the Collateral Agent shall promptly transfer Distributions (to the extent available), in an amount sufficient to make such payment, to the Facility Agent, or, if the Facility Agent so specifies, directly to each Lender and/or Agent to which such amount is owed. If any payments are made directly by GRC under this Agreement or the Revolving Notes, such payments shall be made to the Facility Agent without setoff, deduction or counterclaim not later than 2:00 p.m. (New York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office. Any payments received by the Facility Agent after such time shall be deemed to have been made on the next Business Day.
Method and Place of Payment, etc. (a) All payments by the CP Issuer under this Agreement and the Loan Notes owing to the Banks shall be made to the Liquidity Agent for the pro rata account of each Bank, without setoff or counterclaim, not later than 11:00 a.m. (New York City time) for any payments made pursuant to Sections 7 and 8 of the Security Agreement and 3:00 p.m. (New York City time) for all other payments on the date when due and shall be made in freely transferable U.S. dollars and in immediately available funds at the Payment Office. Payments by the CP Issuer shall be distributed by the Liquidity Agent to the Banks in accordance with their respective Percentages as soon as possible after the same have been received by the Liquidity Agent but in no event later than the close of business on the Business Day on which received.
Method and Place of Payment, etc. All payments under this Agreement shall be made to the Bank not later than 12:00 P.M. (Hawaii Standard Time) on the date when due and shall be made in freely transferable U.S. Dollars and in immediately available funds at the Payment Office.
Method and Place of Payment, etc. 3.5 All payments by the Borrower under this Agreement (unless otherwise specified herein) shall be made to the Lender at the Lender's Bank to such account as may be specified by Lender, or as may be otherwise directed by the Lender not later than 10:00 a.m. (Vancouver, Canada time) for value on the date when due, and shall be made in immediately available funds.
