Common use of Payment Delivery Clause in Contracts

Payment Delivery. All payments of principal and interest on account of the Term Note and all other payments made pursuant to this Agreement shall be delivered to Ridgestone in immediately available funds by 12:00 P.M., Milwaukee, Wisconsin time, on the date when due, and if received after such time on any day shall be deemed to have been made on the next Business Day. Payments of the Term Loan may be made by Ridgestone via electronic transfers from the Borrower’s operating accounts or any other accounts maintained at Ridgestone.

Appears in 4 contracts

Samples: Loan Agreement (Johnson Outdoors Inc), Loan Agreement (Johnson Outdoors Inc), Loan Agreement (Johnson Outdoors Inc)

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Payment Delivery. All payments of principal and interest on account of the Term Note and all other payments made pursuant to this Agreement shall be delivered to Ridgestone in immediately available funds by 12:00 P.M., Milwaukee, Wisconsin time, on the date when due, and if received after such time on any day shall be deemed to have been made on the next Business Day. Payments of the Term Loan may be made by Ridgestone via electronic transfers from the Borrower’s Borrowers’ operating accounts or any other accounts maintained at Ridgestone.. Loan Number 15613

Appears in 1 contract

Samples: Loan Agreement (Johnson Outdoors Inc)

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