Common use of Payment Requirements Clause in Contracts

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. (Chicago time) on the day when due in immediately available funds, and if not received before 11:00 a.m. (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser they shall be paid to the Administrative Agent, for the account of such Purchaser, at 00 X. Xxxxxxxx, Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to Seller, the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any such debit; provided that any failure on the part of the Administrative Agent to provide such notice shall not impair the right of the Administrative Agent to make any such debits. All computations of Yield, per annum fees calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed. If any amount hereunder shall be payable on a day which is not a Business Day, such amount shall be payable on the next succeeding Business Day.

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement or any other Transaction Documents shall be paid or deposited in immediately available funds in accordance with the terms hereof hereof. Such Seller Party shall use its reasonable best efforts to pay or deposit all such amounts no later than 11:00 a.m. 12:00 noon (Chicago time) on the day when due in immediately available funds, and if due. Any such payment or deposit not received before 11:00 a.m. by 1:00 pm (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser Purchaser, they shall be paid to the Administrative Agent for distribution to such Purchaser at the “Payment Address” specified for such Purchaser on Schedule A or such other address specified in writing to the Agent. If such amounts are payable to the Agent, for they shall be paid to the account of such Purchaser, Agent at 00 X. Xxxxxxxx, Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to the Administrative Seller, the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any such debit; provided that any failure on the part of the Administrative Agent to provide such notice shall not impair the right of the Administrative Agent to make any such debits. All computations of Yield, per annum fees or discount calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the any Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed. If any amount hereunder or under any other Transaction Document shall be payable on a day which that is not a Business Day, such amount shall be payable on the next succeeding Business Day.

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement or any other Transaction Documents shall be paid or deposited in immediately available funds in accordance with the terms hereof hereof. Such Seller Party shall use its reasonable best efforts to pay or deposit all such amounts no later than 11:00 a.m. 12:00 noon (Chicago time) on the day when due in immediately available funds, and if due. Any such payment or deposit not received before 11:00 a.m. by 1:00 pm (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser, they shall be paid to such Purchaser at the “Payment Address” specified for such Purchaser on Schedule A or such other address specified in writing to each other party hereto. If such amounts are payable to the Agent, they shall be paid to the Administrative Agent, for the account of such Purchaser, Agent at 00 X. Xxxxxxxx, Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to the Administrative Seller, the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any such debit; provided that any failure on the part of the Administrative Agent to provide such notice shall not impair the right of the Administrative Agent to make any such debits. All computations of Yield, per annum fees or discount calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the any Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed. If any amount hereunder or under any other Transaction Document shall be payable on a day which that is not a Business Day, such amount shall be payable on the next succeeding Business Day.. FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. (Chicago time) on the day when due in immediately available funds, and if not received before 11:00 a.m. (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser they shall be paid to the Administrative Agent, for the account of such Purchaser, at 00 X. Xxxxxxxx1 Chase Tower, Chicago, Illinois 60603 60670 until otherwise notified by the Administrative Agentthx Xxxxx. Upon notice to SellerXxxx xxxxxx xx Xxxxxx, the Administrative Agent xxx Xxent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any such debit; provided that any failure on the part of the Administrative Agent to provide such notice shall not impair the right of the Administrative Agent to make any such debits. All computations of Yield, per annum fees calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed (other than computations of Yield at the Prime Rate, which shall be made on the basis of a year of 365/6 days for the actual number of days elapsed). If any amount hereunder shall be payable on a day which is not a Business Day, such amount shall be payable on the next succeeding Business Day.

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 12:00 noon (Chicago time) on the day when due in immediately available funds, and if not received before 11:00 a.m. 12:00 noon (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such All amounts are payable to a the Agent or any Purchaser they shall be paid to the Administrative Agent, for its own account or for the account of such Purchaser, as applicable, at 00 X. Xxxxxxxx, the Agent’s office in Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to Seller, and the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any remit Fifth Third’s portion thereof in immediately available funds to such debit; provided that any failure on the part of the Administrative Agent account as Fifth Third may from time to provide such notice shall not impair the right of the Administrative Agent to make any such debitstime specify in writing. All computations of YieldYield at LMIR or based on the Base LIBO Rate, per annum fees calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the Fee Letter Letters shall be made on the basis of a year of 360 days for the actual number of days elapsed. All computations of Yield and Default Fees based on the Prime Rate or the Federal Funds Effective Rate shall be made on the basis of a year of 365 (or, when appropriate, 366) days for the actual number of days elapsed. If any amount hereunder shall be payable on a day which is not a Business Day, such amount shall be payable on the next succeeding Business Day.

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement or any other Transaction Documents shall be paid or deposited in immediately available funds in accordance with the terms hereof hereof. Such Seller Party shall use its reasonable best efforts to pay or deposit all such amounts no later than 11:00 a.m. 12:00 noon (Chicago time) on the day when due in immediately available funds, and if due. Any such payment or deposit not received before 11:00 a.m. by 1:00 pm (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such amounts are payable to a Purchaser, they shall be paid to such Purchaser at the “Payment Address” specified for such Purchaser on Schedule A or such other address specified in writing to each other party hereto. If such amounts are payable to the Agent, they shall be paid to the Administrative Agent, for the account of such Purchaser, Agent at 00 10 X. Xxxxxxxx, Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to the Administrative Seller, the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any such debit; provided that any failure on the part of the Administrative Agent to provide such notice shall not impair the right of the Administrative Agent to make any such debits. All computations of Yield, per annum fees or discount calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the any Fee Letter shall be made on the basis of a year of 360 days for the actual fifth amended and restated receivables purchase agreement number of days elapsed. If any amount hereunder or under any other Transaction Document shall be payable on a day which that is not a Business Day, such amount shall be payable on the next succeeding Business Day.

Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this Agreement shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 12:00 noon (Chicago time) on the day when due in immediately available funds, and if not received before 11:00 a.m. 12:00 noon (Chicago time) shall be deemed to be received on the next succeeding Business Day. If such All amounts are payable to a the Agent or any Purchaser they shall be paid to the Administrative Agent, for its own account or for the account of such Purchaser, as applicable, at 00 X. Xxxxxxxx, the Agent’s principal office in Chicago, Illinois 60603 until otherwise notified by the Administrative Agent. Upon notice to Seller, and the Administrative Agent may debit the Facility Account for all amounts due and payable hereunder. The Administrative Agent shall notify the Seller promptly following any remit Fifth Third’s portion thereof in immediately available funds to such debit; provided that any failure on the part of the Administrative Agent account as Fifth Third may from time to provide such notice shall not impair the right of the Administrative Agent to make any such debitstime specify in writing. All computations of YieldYield at the LIBO Rate, per annum fees calculated as part of any CP Costs, per annum fees hereunder and per annum fees under the Fee Letter Letters shall be made on the basis of a year of 360 days for the actual number of days elapsed. All computations of Yield at the Base Rate shall be made on the basis of a year of 365 (or, when appropriate, 366) days for the actual number of days elapsed. If any amount hereunder shall be payable on a day which is not a Business Day, such amount shall be payable on the next succeeding Business Day.