Common use of Method for Making Payments Clause in Contracts

Method for Making Payments. All payments that Borrower is required to make to Administrative or the Lenders under this Agreement or under any of the other Financing Agreements shall be made in immediately available funds not later than 1:00 p.m. (Chicago time) on the date of payment at Administrative Agent’s office at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at such other place as Administrative Agent directs in writing from time to time, or, in Administrative Agent’s sole and absolute discretion, by appropriate debits to the Loan Account. Borrower hereby irrevocably authorizes and instructs Administrative Agent to direct debit any of Borrower’s operating accounts with Administrative Agent for all principal, interest, fees and expenses then due and payable hereunder with respect to the Loans and the Liabilities. Payments made after 1:00 p.m. (Chicago time) shall be deemed to have been made on the next succeeding Business Day. Administrative Agent shall promptly remit to each Lender its Pro Rata Share of all such payments received in collected funds by Administrative Agent for the account of such Lender; provided, however, all payments due by Borrower under Section 3, as applicable, shall be made by Borrower directly to Lender entitled thereto without setoff, counterclaim or other defense.

Method for Making Payments. All payments that the Borrower is required to make to the Administrative or Agent on behalf of the Lenders under this Agreement or under any of the other Financing Agreements shall be made in immediately available funds not later than 1:00 p.m. (Chicago time) on the date of payment at the Administrative Agent’s office at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at such other place as the Administrative Agent directs in writing from time to time, or, in the Administrative Agent’s sole and absolute discretiondiscretion after the occurrence and during the continuance of any Default, by appropriate debits to the Loan Account. Borrower hereby irrevocably authorizes and instructs the Administrative Agent after the occurrence and during the continuance of any Default to direct debit any of Borrower’s operating accounts with Administrative Agent or any Lender for all principal, interest, fees and expenses then due and payable hereunder with respect to the Loans Loan and the other Liabilities. Payments made after 1:00 p.m. (Chicago time) shall be deemed to have been made on the next succeeding Business Day. Administrative Agent shall promptly remit to each Lender its Pro Rata Share of all such payments received in collected funds by Administrative Agent for the account of such Lender; provided, however, all payments due by Borrower under Section 3, as applicable, shall be made by Borrower directly to Lender entitled thereto without setoff, counterclaim or other defense.

Method for Making Payments. All payments that the Borrower is required to make to the Administrative or Agent on behalf of the Lenders under this Agreement or under any of the other Financing Agreements shall be made in immediately available funds not later than 1:00 p.m. (Chicago time) on the date of payment at the Administrative Agent’s office at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at such other place as the Administrative Agent directs in writing from time to time, or, in the Administrative Agent’s sole and absolute discretiondiscretion after the occurrence and during the continuance of any Default, by appropriate debits to the Loan Account. Borrower hereby irrevocably authorizes and instructs the Administrative Agent after the occurrence and during the continuance of any Default to direct debit any of Borrower’s operating accounts with Administrative Agent or any Lender for all principal, interest, fees and expenses then due and payable hereunder with respect to the Loans and the other Liabilities. Payments made after 1:00 p.m. (Chicago time) shall be deemed to have been made on the next succeeding Business Day. Administrative Agent shall promptly remit to each Lender its Pro Rata Share of all such payments received in collected funds by Administrative Agent for the account of such Lender; provided, however, all payments due by Borrower under Section 3, as applicable, shall be made by Borrower directly to Lender entitled thereto without setoff, counterclaim or other defense.