Common use of Payments by the Borrower Clause in Contracts

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. (New York time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. (New York time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 8 contracts

Samples: Loan and Security Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

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Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent Agent’s address set forth in Section 15.8, and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. 1:00 p.m. (New York, New York time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. 1:00 p.m. (New York, New York time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 3 contracts

Samples: Term Loan Agreement (Spansion Inc.), Term Loan Agreement (Advanced Micro Devices Inc), Term Loan and Security Agreement (Advanced Micro Devices Inc)

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent Agent's address set forth in Section 15.8, and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. 3:00 p.m. (New York time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. 3:00 p.m. (New York time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 2 contracts

Samples: Loan and Security Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (United States Leather Inc /Wi/)

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent Agent's address set forth in Section 15.8, and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. 1:00 p.m. (New York City time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. 1:00 p.m. (New York City time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Riddell Sports Inc)

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent Agent's address set forth in Section 15.8, and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. 3:00 p.m. (New York City time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. 3:00 p.m. (New York City time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 1 contract

Samples: Loan and Security Agreement (Revlon Consumer Products Corp)

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Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent each Lender for the account of the such Lenders , at the account designated by the Agent Agent's Payment Office and shall be made in Dollars Dollars. Such payments shall be made in Same Day Funds, and in immediately available funds, no later than 11:00 a.m. (New York time) on the date specified herein. Any payment which is received by the Agent a Lender later than 11:00 a.m. (New York time) shall be deemed to have been received by such Lender on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 1 contract

Samples: Credit Agreement (Abc Naco Inc)

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Administrative Agent for the account of the Lenders , at the account designated by the Agent Administrative Agent’s Payment Office and shall be made in Dollars and in immediately available funds, no later than 11:00 a.m. 12:00 noon (New York time) on the date specified herein. Any payment received by the Administrative Agent later than 11:00 a.m. 12:00 noon (New York time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 1 contract

Samples: Uncommitted Credit Agreement (Par Pacific Holdings, Inc.)

Payments by the Borrower. (a) All payments to be made by the Borrower shall be made without set-offsetoff, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made to the Agent for the account of the Lenders , at the account designated by the Agent Agent's Payment Office, and shall be made in Dollars dollars and in immediately available funds, no later than 11:00 a.m. (New York City time) on the date specified herein. Any payment received by the Agent later than 11:00 a.m. (New York City time) shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

Appears in 1 contract

Samples: Administration Agreement (Adc Telecommunications Inc)

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