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 12:00 noon (New York City time) on the day when due in immediately available funds, and if not received before 12:00 noon (New York City 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 related Managing Agent, for the account of such Purchaser, at its account and in accordance with its payment instructions set forth on Schedule A to the Fee Letter (as such account and instructions may be amended from time to time by written notice from such Managing Agent to each Seller Party). All computations of Yield (other than Yield calculated using the Base Rate) and per annum fees hereunder and under the Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed. All computations of Yield calculated using the Base Rate shall be made on the basis of a year of 365 or 366 days, as applicable, 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 12:00 noon (New York City time) on the day when due in immediately available funds, and if not received before 12:00 noon (New York City 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 related Managing Agent, for the account of such Purchaser, at its account and in accordance with its payment instructions set forth on Schedule A to the Fee Letter (as such account and instructions may be amended from time to time by written notice from such Managing Agent to each Seller Party). All computations of Yield (other than Yield Yield, per annum fees calculated using the Base Rate) and 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. All elapsed (other than computations of Yield calculated using based on the Base Rate Prime Rate, which shall be made on the basis of a year of 365 or 366 days, as applicable, 365/6 days for the actual number of days elapsed). If such amounts are payable to a Purchaser they shall be paid to such Purchaser’s related Managing Agent, for the account of such Purchaser, by wire transfer of immediately available funds to such account notified by the Agent to the Seller. 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 12:00 noon 1:00 p.m. (New York City time) on the day when due in immediately available funds, and if not received before 12:00 noon 1:00 p.m. (New York City time) shall be deemed to be received on the next succeeding Business Day. If such All amounts are payable to a the Administrative Agent or any Purchaser they shall be paid to the related Managing Administrative Agent’s Account, for and the Administrative Agent shall promptly remit each applicable Purchaser’s portion thereof (if any) in immediately available funds to such account of such Purchaser, at its account and in accordance with its payment instructions set forth on Schedule A to the Fee Letter (as such account and instructions Purchaser may be amended from time to time by written notice from such Managing Agent to each Seller Party)specify in writing. All computations of Yield (other than Yield calculated using the Base Rate) and at LMIR, per annum fees hereunder calculated as part of any CP Costs and under the Fee Letter Unused Fees shall be made on the basis of a year of 360 days for the actual number of days elapsed. All computations of Yield calculated using at the Alternate Base Rate shall be made on the basis of a year of 365 or 366 days(or, as applicablewhen 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.