Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Account. (b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand. (c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 7 contracts
Sources: Receivables Financing Agreement (Davey Tree Expert Co), Receivables Financing Agreement (Alliance Resource Partners Lp), Receivables Financing Agreement (Alliance Resource Partners Lp)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer payable to the Administrative Agent, any Credit PartyLender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the The Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.. ARTICLE V INCREASED
Appears in 5 contracts
Sources: Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountaccount for each Lender maintained by the applicable Group Agent (or such other account as may be designated from time to time by such Group Agent to the Borrower and the Servicer). All amounts received after 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
(b) Each of The Borrower or the Borrower and Servicer, as the Servicer case may be, shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it the Borrower or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.003% per annum above the applicable Base Rate, payable on demand.
(c) All computations of interest under subsection paragraph (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (oror 365 or 366, in the case of as applicable, with respect to Interest or other amounts determined calculated by reference to the applicable Base Rate, 365 or 366 days, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 5 contracts
Sources: Receivables Financing Agreement (Cincinnati Bell Inc), Receivables Financing Agreement, Receivables Financing Agreement
Payments and Computations, Etc. (a) All amounts to be paid by the any Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection clause (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 4 contracts
Sources: Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable LawLaw and at the election of the Administrative Agent or if required by the Majority Group Agents, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 4 contracts
Sources: Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 4 contracts
Sources: Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 3 contracts
Sources: Receivables Financing Agreement (TGPX Holdings I LLC), Receivables Financing Agreement (Foresight Energy LP), Receivables Financing Agreement (Foresight Energy LP)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person Managing Agent or any Borrower Indemnified Party Purchaser hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s applicable Purchaser Group Account. All amounts to be deposited by the Seller or the Servicer into the Collection Account, any Purchaser Group Account or any other account shall be deposited no later than 12:00 noon (New York City time) on the date when due.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Fees, and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed, except that computations of interest and Yield based on the Alternate Base Rate shall be made on the basis of a year of 365 days (or 366, as applicable). Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. Any computations by the Administrative Agent or the applicable Managing Agent of amounts payable by the Seller hereunder shall be binding upon the Seller absent manifest error.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (Medco Health Solutions Inc), Receivables Purchase Agreement (Medco Health Solutions Inc), Receivables Purchase Agreement (Medco Health Solutions Inc)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 3 contracts
Sources: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.), Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.), Receivables Financing Agreement (Covia Holdings Corp)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, accruing at an interest rate per annum on each day equal to 2.002.50% per annum above the greater of (i) LMIR for such day and (ii) the Base RateRate in effect on such day, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 3 contracts
Sources: Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 3 contracts
Sources: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Global Holdings Inc), Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agentapplicable Lender’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount other than Capital (which Capital shall accrue Interest) not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
(d) On any day when any computation or calculation hereunder requires the aggregation of amounts denominated in more than one currency, all amounts that are denominated in any currency other than Dollars shall be deemed to be the Dollar Equivalent thereof on such day for purposes of such computation or calculation.
Appears in 2 contracts
Sources: Receivables Financing Agreement (Ingersoll Rand Inc.), Receivables Financing Agreement (Gardner Denver Holdings, Inc.)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party Collection Agent hereunder shall be paid or deposited in accordance with the terms hereof no later than 12:00 Noon 11:00 A.M. (New York City time) on the day when due in same day lawful money of the United States of America in immediately available funds to at the Administrative Agent’s Accountoffice of Citibank specified on the signature page hereto.
(b) Each of the Borrower and the Servicer The Seller shall, to the extent permitted by Applicable Lawapplicable law, pay interest to the Agent on any amount not paid or deposited by the Seller when required to be paid by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Alternate Base Rate, payable on demand; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. Such interest shall be for the account of, and shall be distributed to, the Purchasers or the Banks, as the case may be, ratably in accordance with their respective interests in such overdue amount and shall be paid by the Seller free and clear of and without deduction for any taxes of any kind whatsoever.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts fees hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be stated to be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall in such case be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Purchase and Sale Agreement (Northeast Utilities System), Receivables Purchase and Sale Agreement (North Atlantic Energy Corp /Nh)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower any Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Sellers and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountaccount so designated from time to time by such Person.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Financing Agreement, Sub Originator Sale Agreement, Purchase and Sale Agreement (CONSOL Energy Inc.), Receivables Financing Agreement (CONSOL Energy Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) noon Eastern Time on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection clause (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Financing Agreement (Alliance Laundry Holdings Inc.), Receivables Financing Agreement (ALH Holding Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Financing Agreement (First Data Corp), Receivables Financing Agreement (First Data Corp)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount (other than in respect of Capital of the Loans, which shall accrue interest at the Bank Rate) for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Financing Agreement (Rackspace Technology, Inc.), Receivables Financing Agreement (Rackspace Technology, Inc.)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower Seller, the Backup Servicer or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid or deposited no later than 12:00 Noon 1:00 P.M. (New York City time) on the day when due in same day funds to the Purchaser's Account or to an account specified by the Administrative Agent’s AccountAgent or FSA, as applicable.
(b) Each of the Borrower and The Seller or the Servicer shall, to the extent permitted by Applicable Lawlaw, pay on demand from time to time interest on any amount not paid or deposited by it the Seller or the Servicer, as the case may be, when due hereunder, and payable hereunder at an interest rate per annum equal to 2.00[**]% per annum above the Base RateRate in effect from time to time; PROVIDED, payable on demandHOWEVER, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees fees, and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for and the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Motor Coach Industries International Inc), Receivables Purchase Agreement (Motor Coach Industries International Inc)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person Agent or any Borrower Indemnified Party Purchaser hereunder shall be paid no later than 12:00 Noon 11:00 A.M. (New York City time) on the day when due in same day funds to the Administrative Agent’s 's Account. All amounts to be deposited by the Seller or the Servicer into the Cash Collateral Account or any other account shall be deposited no later than 11:00 A.M. (New York City time) on the date when due.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Fees, and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Northern Indiana Public Service Co)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer Servicers to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Secured Party hereunder shall be paid no later than 12:00 Noon (New York City time) p.m. Eastern Time on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and each Servicer shall (or shall direct the Servicer shallBorrower to), severally and not jointly, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 Noon noon (New York City Chicago time) on the day when due in same day funds to the Administrative Agent’s Administration Account. All amounts received after noon (Chicago time) will be deemed to have been received on the next Business Day.
(b) Each of The Seller or the Borrower and Servicer, as the Servicer case may be, shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it the Seller or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.002.0% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interestinterest, Fees Discount, fees and other amounts hereunder shall be made on the basis of a year of 360 days (oror 365 or 366, in the case of as applicable, with respect to Discount or other amounts determined calculated by reference to the Base Rate, 365 or 366 days, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Secured Party hereunder shall be paid no later than 12:00 Noon (New York City time) 1:00 p.m. Eastern Time on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(ba) Each If either of the Borrower Seller and the Servicer shallshall fail to make when due any payment or deposit required to be made by it hereunder and such failure shall continue unremedied for two (2) Business Days, then to the extent permitted by Applicable applicable Law, the Seller and the Servicer shall pay interest on any such unpaid or undeposited amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base RateYield Rate applicable during an Event of Default, payable on demand.
(cb) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Kinetik Holdings Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower any Seller or the any Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Sellers and the Servicer Servicers shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.003.00% per annum above the Base Rate, payable on demand; provided, however, that if any amount is then accruing Yield and the Yield Rate applicable thereto includes an additional 3.00% per annum pursuant to the definition thereof, then this clause (b) shall not apply to such amount.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees ▇▇▇▇ and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 Noon 4:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountaccount of such Purchaser maintained by the applicable Purchaser Agent (or such other account as may be designated from time to time by such Purchaser Agent to the Seller and the Servicer). All amounts received after 4:00 p.m. (New York City time) will be deemed to have been received on the immediately succeeding Business Day.
(b) Each of The Seller or the Borrower and Servicer, as the Servicer case may be, shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it the Seller or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Default Rate, payable on demand.
(c) All computations of interest under subsection clause (b) above and all computations of InterestYield, Program Fees and other amounts hereunder shall be made on the basis of a year of 360 days (oror 365 or 366, in the case of as applicable, with respect to Yield or other amounts determined calculated by reference to the Alternate Base Rate, 365 or 366 days, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees F▇▇▇ and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party Collection Agent hereunder shall be paid or deposited no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Investor Agent’s 's Account.
(b) Each of the Borrower and the Servicer Collection Agent shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees fees, and other amounts hereunder (including, without limitation, interest on Cash Secured Advances during the Term Period) shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
(d) The Trustee shall have no obligation to perform any of the calculations required to be made by the terms of this Agreement.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Master Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agentapplicable Purchaser’s Account.
(ba) Each of the Borrower Seller and the Master Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Alternative Base Rate, payable on demand.
(cb) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Alternative Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer payable to the Administrative Agent, any Credit PartyLender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the The Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.per
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.. ARTICLE V INCREASED
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Financing Agreement (Zebra Technologies Corp)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(ba) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(cb) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (ai) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(bv) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(cvi) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer payable to the Administrative Agent, any Credit PartyLender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the The Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountaccount for each Lender maintained by the applicable Group Agent (or such other account as may be designated from time to time by such Group Agent to the Borrower and the Servicer). All amounts received after 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
(b) Each of The Borrower or the Borrower and Servicer, as the Servicer case may be, shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it the Borrower or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.003% per annum above the applicable Base Rate, payable on demand.
(c) All computations of interest under subsection paragraph (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (oror 365 or 366, in the case of as 771962042 applicable, with respect to Interest or other amounts determined calculated by reference to the applicable Base Rate, 365 or 366 days, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Financing Agreement (Cincinnati Bell Inc)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand; provided that such amount shall not be payable in addition to any increase to the Yield Rate during an Event of Termination described in the proviso of the definition thereof.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Newell Brands Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Master Servicer to the Administrative Agent, any Credit Party, Purchaser or any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative AgentPurchaser’s Account.
(b) Each of the Borrower Seller and the Master Servicer shall, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable payable, in the case of the Seller, to the extent of available funds in accordance with Section 4.01 following demand therefor, and in the case of the Master Servicer, on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder Yield shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. All Fees shall be calculated on the basis of a year of 365 or 366 days, as applicable. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Financing Agreement (NuStar Energy L.P.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.. ARTICLE V INCREASED
Appears in 1 contract
Sources: Receivables Financing Agreement (Davey Tree Expert Co)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Master Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agentapplicable Purchaser’s Account.
(b) Each of the Borrower Seller and the Master Servicer shall, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Alternative Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Alternative Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Nabors Industries LTD)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such ch payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person Party or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.003.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Alternate Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE IV INCREASED COSTS; FUNDING LOSSES; TAXES; ILLEGALITY AND SECURITY INTEREST SECTION 4.01.
Appears in 1 contract
Sources: Receivables Financing Agreement (Constellation Energy Generation LLC)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Financing Agreement (Syneos Health, Inc.)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Borrower an Originator or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid or deposited no later than 12:00 Noon 1:00 p.m. (New York City time) on the day when due in same day funds funds. All amounts received after 1:00 p.m. (New York City time) will be deemed to have been received on the Administrative Agent’s Accountimmediately succeeding Business Day.
(b) Each of the Borrower and the Servicer Originator shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it such Originator (whether as Servicer or otherwise) when due hereunder, at an interest rate per annum equal to 2.002.0% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (bSection 1.11(b) above and all computations of Interestthe Purchase Price, Fees fees, and other amounts hereunder shall be computed on the following basis: (i) in respect of the Funding Rate pursuant to Section 1.4(d), when such computation is based on the Base Rate, and the Base Rate is determined by BofA's "reference rate", such computations shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicablethe case may be, and actual days elapsed; and (ii) for all other such computations shall be made on the basis of a 360-day year and actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Owens & Minor Inc/Va/)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(ba) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(cb) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for 45 the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.. ARTICLE V
Appears in 1 contract
Sources: Receivables Financing Agreement (NuStar Energy L.P.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower any Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Sellers and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees ▇▇▇▇ and other amounts hereunder shall be made on the basis of a year of 56 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower Seller or the Servicer to the Administrative Agent, any Credit Purchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Synchronoss Technologies Inc)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer payable to the Administrative Agent, any Credit PartyLender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administrative Agent’s Accountapplicable party to which such amounts are due.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the Base Rate, payable on demand[Reserved.]
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
(d) All payments (including prepayments) to be made by each Credit Party on account of principal, interest, fees and other amounts required hereunder shall be made without set-off, recoupment, counterclaim or deduction of any kind, shall, except as otherwise expressly provided herein, be made to the Administrative Agent (for the ratable account of the Persons entitled thereto) at the address for payment
Appears in 1 contract
Sources: Loan Agreement (Bird Global, Inc.)
Payments and Computations, Etc. (a) All amounts to be paid by the Borrower or the Servicer to the Administrative Agent, any Credit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 12:00 Noon noon (New York City time) on the day when due in same day funds to the Administrative applicable Group Agent’s Account.
(b) Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract