Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 9 contracts
Samples: Credit Agreement (DPL Inc), Credit Agreement (American Dental Partners Inc), Term Loan Agreement (American Dental Partners Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 6 contracts
Samples: Credit Agreement (Fca of Ohio Inc), Credit Agreement (Trover Solutions Inc), Credit Agreement (Value City Department Stores Inc /Oh)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lender or Lenders entitled thereto, thereto not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Borrower to the Administrative Agent prior to make a 2:00 P.M. (New York time) like funds relating to payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment principal, interest or Fees ratably to the extent of such funds held in such accountLenders entitled thereto. Any payments under this Agreement that which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 5 contracts
Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 5 contracts
Samples: Credit Agreement (Cambridge Industries Inc /De), Credit Agreement (Physicians Quality Care Inc), Credit Agreement (Dade International Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lender or Lenders entitled thereto, thereto not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in Dollars in immediately available funds and in lawful money of at the United States of America, it being understood that written notice Payment Office. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Borrower to the Administrative Agent prior to make a payment from the 1:00 P.M. (New York time)) like funds in the Borrower’s account at the Payment Office shall constitute the making of such payment relating to the extent payment of such funds held in such accountprincipal or interest ratably to the Lenders entitled thereto. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on any day shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 4 contracts
Samples: Credit Agreement (Trizec Properties Inc), Credit Agreement (Trizec Properties Inc), Credit Agreement (Trizec Properties Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 4 contracts
Samples: Credit Agreement (Highlands Insurance Group Inc), Credit Agreement (R&b Falcon Corp), Credit Agreement (Noble Drilling Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lender or Lenders entitled thereto, thereto not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Borrower to the Administrative Agent prior to make a 2:00 P.M. (New York time)) like funds relating to payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment principal, interest or Fees ratably to the extent of such funds held in such accountLenders entitled thereto. Any payments under this Agreement that which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 4 contracts
Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Ceres Group Inc), Agreement (Superior National Insurance Group Inc), Credit Agreement (Superior National Insurance Group Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) 2:00 p.m. on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that prior written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Any payments made by the Borrower under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) 2:00 p.m. shall be deemed to have been made by the Borrower on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Air Transport Services Group, Inc.), Credit Agreement (Air Transport Services Group, Inc.), Credit Agreement (Air Transport Services Group, Inc.)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Advanced Medical Inc), Credit Agreement (Carcomp Services Inc), Credit Agreement (Safelite Glass Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its their respective pro rata shareshares) account of the Lenders Banks entitled theretothereto (which funds the Administrative Agent shall promptly forward to such Banks), not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Town Sports International Inc), Credit Agreement (Universal Hospital Services Inc), Credit Agreement (Penhall Co)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Essef Corp), Credit Agreement (Royal Appliance Manufacturing Co), Credit Agreement (Royal Appliance Manufacturing Co)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Therma Wave Inc), Credit Agreement (Therma Wave Inc), Credit Agreement (McMS Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Bank or Banks entitled thereto, thereto not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Borrower to the Administrative Agent prior to make a payment from the 12:00 Noon (New York time) on such day) like funds in the Borrower’s account at the Payment Office shall constitute the making of such payment relating to the extent payment of such funds held in such accountprincipal, interest or fees ratably to the Banks entitled thereto. Any payments under this Agreement that which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 3 contracts
Samples: Term Loan Agreement (Sullivan Graphics Inc), Term Loan Agreement (Alpine Group Inc /De/), Agreement (Acg Holdings Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Consolidation And (Universal Outdoor Inc), Credit Agreement (Universal Outdoor Inc), Credit Agreement (Universal Outdoor Holdings Inc)
Method and Place of Payment. (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 ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica (and in the Dollar Equivalent of any payment otherwise owing in an Alternate Currency) at the Payment Office, it being understood that written notice by the a Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Busi- ness 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the a Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 3 contracts
Samples: Credit Agreement (Endurance Specialty Holdings LTD), Credit Agreement (Endurance Specialty Holdings LTD), Credit Agreement (Endurance Specialty Holdings LTD)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Winfred Berg Licensco Inc), Pledge Agreement (Fairpoint Communications Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Ferro Corp), Credit Agreement (Ferro Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement in respect of Revolving Credit Loans shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, thereto not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any Solely for purposes of calculating interest due on any amount owing hereunder, any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Global Marine Inc), Credit Agreement (Global Marine Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the Borrower’s Borrowers’ account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Ch Energy Group Inc), Credit Agreement (Central Hudson Gas & Electric Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Amerus Life Holdings Inc), Credit Agreement (Amerus Group Co/Ia)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Usi Holdings Corp), Credit Agreement (Usi Holdings Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Agent's Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Agent's Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Fremont General Corp), Pledge Agreement (Fremont General Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of Americaat the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Noble Drilling Corp), Credit Agreement (Noble Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent Payments Administrator for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent Payments Administrator to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Loan Agreement (Starwood Hotel & Resorts Worldwide Inc), Loan Agreement (Starwood Hotel & Resorts Worldwide Inc)
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (MJD Communications Inc), Assignment Agreement (MJD Communications Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement the Credit Documents shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension period at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Universal American Financial Corp), Credit Agreement (Universal American Financial Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata sharetheir respective PRO RATA shares) account of the Lenders Banks entitled theretothereto (which funds the Administrative Agent shall promptly forward to such Banks), not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Geo Specialty Chemicals Inc), Credit Agreement (Geo Specialty Chemicals Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Amerus Group Co/Ia), Credit Agreement (Amerus Group Co/Ia)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the a Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Endurance Specialty Holdings LTD), Credit Agreement (Endurance Specialty Holdings LTD)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Amtrol Inc /Ri/), And (Interstate Hotels Co)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and/or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on any day shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (National Tobacco Co Lp), Credit Agreement (National Tobacco Co Lp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the a Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that which is not a Business DayDay (unless otherwise provided herein), the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Reducing Revolving Credit Agreement (Di Industries Inc), Secured Revolving Credit Agreement (Di Industries Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 2 contracts
Samples: Credit Agreement (Nutraceutical International Corp), Credit Agreement (Nutraceutical International Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension period at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Universal American Financial Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the -42- date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Vencor Inc)
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of --- ---- the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Hci Direct Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lender or Lenders entitled thereto, thereto not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAdministrative Agent, it being understood that written or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of --- ---- the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the Borrower’s Borrowers' account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Resort at Summerlin Inc
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the any Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Possession Credit Agreement (Fairpoint Communications Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the a Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at New York time) may, in the Payment Office) shall discretion of the Administrative Agent, be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Endurance Specialty Holdings LTD)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Nutraceutical International Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any Solely for purposes of calculating interest due on any amount owing hereunder, any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.. 4.04
Appears in 1 contract
Samples: Credit Agreement (Global Marine Inc)
Method and Place of Payment. (a) . Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) 2:00 p.m. on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that prior written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Any payments made by the Borrower under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) 2:00 p.m. shall be deemed to have been made by the Borrower on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Air Transport Services Group, Inc.)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or any Note which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Pine Holdings Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) 2:00 p.m. on the date when due and shall be made at the Payment Office in immediately available funds and in lawful LEGAL02/38433738v11 money of the United States of AmericaAmerica at the Payment Office, it being understood that prior written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Any payments made by the Borrower under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) 2:00 p.m. shall be deemed to have been made by the Borrower on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Air Transport Services Group, Inc.)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower Representative to the Administrative Agent to make a payment from the funds in the BorrowerBorrower Representative’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or any Note which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Collins & Aikman Floor Coverings Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement the Credit Documents shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension period at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Universal American Financial Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 12:30 Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Agent's Payment Office, it being understood that written written, telex or facsimile notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Agent's Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 12:30 p.m. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower Representative to the Administrative Agent to make a payment from the funds in the Borrower’s Borrower Representative's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lender or Lenders entitled thereto, thereto not later than 12:00 noon P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made in Dollars in immediately available funds at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAdministrative Agent, it being understood that written or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.extended
Appears in 1 contract
Samples: Credit Agreement (Om Group Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon Noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon Noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: American Pad & Paper Co
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its their respective pro rata shareshares) --- ---- account of the Lenders entitled theretothereto (which funds the Administrative Agent shall promptly forward to such Lenders), not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York City time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to to, make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York City time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) 2:00 p.m. on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that prior written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Any payments made by the Borrower under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) 2:00 p.m. shall be deemed to have been made by the Borrower on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Air Transport Services Group, Inc.)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the Borrower’s Borrowers' account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that which is not a Business DayDay (unless otherwise provided herein), the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled theretoLender, not later than 12:00 noon 11:00 A.M. (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent Lender to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Value City Department Stores Inc /Oh)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) 2:00 p.m. on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that prior written notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the Borrower’s Borrowers’ account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. Any payments made by the Borrowers under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) 2:00 p.m. shall be deemed to have been made by the Borrowers on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower Company to the Administrative Agent to make a payment from the funds in the Borrower’s Company's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 2:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that which is not a Business DayDay (unless otherwise provided herein), the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of Americaat the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Noble Corp)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any Solely for purposes of calculating interest due on any amount owing hereunder, any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Global Marine Inc)
Method and Place of Payment. (a) Except as otherwise specifically --------------------------- provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of --- ---- the Lenders entitled thereto, not later than 12:00 12 noon (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 12 noon (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Unilab Corp /De/)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement or under any Note shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders party entitled thereto, thereto not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in Dollars in immediately available funds and in lawful money of at the United States of America, it being understood that written notice Payment Office. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Borrower to the Administrative Agent prior to make a payment from the 1:00 P.M. (New York time)) like funds in the Borrower’s account at the Payment Office shall constitute the making of such payment relating to the extent payment of such funds held in such accountprincipal, interest or Fees ratably to Lenders entitled thereto. Any payments under this Agreement that or under any Note which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on any day shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to during such extension.
Appears in 1 contract
Samples: Credit Agreement (Toys R Us Inc)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata PRO RATA share) account of the Lenders entitled thereto, not later than 12:00 noon (local time at the Payment Office) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of America, or in the case of a Eurodollar Loan in an Alternative Currency, in that currency, at the Payment Office, it being understood that written notice by the Borrower Borrowers to the Administrative Agent to make a payment from the funds in the Borrower’s Borrowers' account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon (local time at the Payment Office) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the either Borrower to the Administrative Agent to make a payment from the funds in the such Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments made by either Borrower under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made by such Borrower on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day Day, and, with respect to payments of principal, interest shall be payable during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of U.S. Dollars at the United States of AmericaPayment Office, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (Labtec Inc /Ma)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, Bank not later than 12:00 noon 3:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the office of the Bank designated to receive notices pursuant to Section 10.03 hereof, it being understood that written written, telex or facsimile transmission notice by the Borrower to the Administrative Agent Bank to make a payment from the funds in the Borrower’s 's account at the Payment Office Bank shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 3:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement and the Term Notes shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written written, telex or facsimile notice by the Parent Borrower to the Administrative Agent to make a payment from the funds in the Parent Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 11:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Term Loan Agreement (Endurance Specialty Holdings LTD)
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders Banks entitled thereto, not later than 12:00 noon 10:00 A.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of the United States of AmericaAmerica at the Payment Office, it being understood that written notice by the from Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s 's account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 10:00 A.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Method and Place of Payment. (a) Except as otherwise specifically provided herein, all payments under this Agreement shall be made to the Administrative Agent for the ratable (based on its pro rata share) account of the Lenders entitled thereto, not later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) on the date when due and shall be made at the Payment Office in immediately available funds and in lawful money of Dollars at the United States of AmericaPayment Office, it being understood that written notice by the Borrower to the Administrative Agent to make a payment from the funds in the Borrower’s account at the Payment Office shall constitute the making of such payment to the extent of such funds held in such account. Any payments under this Agreement that which are made later than 12:00 noon 1:00 P.M. (local time at the Payment OfficeNew York time) shall be deemed to have been made on the next succeeding Business Day. Whenever any payment to be made hereunder here- under shall be stated to be due on a day that 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 during such extension at the applicable rate in effect immediately prior to such extension.
Appears in 1 contract
Samples: Credit Agreement (RBS Global Inc)
