Common use of Payments; Computations and Statements Clause in Contracts

Payments; Computations and Statements. (a) The Borrower will make each payment under this Agreement not later than 12:00 p.m. (New York City time) on the day when due,

Payments; Computations and Statements. (a) The Borrower Borrowers will make each payment under this Agreement not later than 12:00 p.m. noon (New York City time) on the day when due, in lawful money of the United States of America and in immediately available funds,