Common use of Payments, Computations, etc Clause in Contracts

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. (New York City, New York time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if not received before such time shall be deemed received on the next Business Day. The Seller shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base Rate, payable on demand; provided 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 distributed to, each applicable Purchaser. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower or the Servicer on behalf of the Borrower hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 10:00 a.m. (New York City, New York City time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if not received before such time shall be deemed received on the next Business DayAccount. The Seller Borrower shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at a rate of interest equal to 2.0% per annum above the Base RateRate plus the Applicable Margin, payable on demand; provided 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 distributed to, each applicable PurchaserMaximum Lawful Rate. All computations of interest and all computations of the Interest Rate and other fees hereunder shall be made on the basis of a year consisting of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower or the Servicer Investment Manager to the Administrative Agent or the other Secured Parties hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 1:00 p.m. (New York City, New York timeCity Time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if any amount not received before such time shall be deemed received on the next Business Day. The Seller Borrower or the Investment Manager, as applicable, shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base RateInterest Rate applicable during an Event of Default, payable on demand; provided 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 distributed to, each of the applicable PurchaserSecured Party. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate, which shall be based on a year consisting of 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower to the Administrative Agent or the Servicer other Secured Parties hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 1:00 p.m. (New York City, New York timeCity Time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if any amount not received before such time shall be deemed received on the next Business Day. The Seller Borrower shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base RateInterest Rate applicable during an Event of Default, payable on demand; provided 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 distributed to, each of the applicable PurchaserSecured Party. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate, which shall be based on a year consisting of 365 or 366 days) for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrowers or the initial Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. (New York City, New York time) 2:00 p.m. on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if any amount not received before such time shall be deemed received on the next Business Day. The Seller Borrowers or the initial Servicer, as applicable, shall, to the extent permitted by law, pay to the Administrative Agent (for the benefit of the applicable Secured Parties Parties) interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base RateDefault Rate upon written notice of same, as applicable, payable on demand; provided 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 distributed to, each of the applicable PurchaserSecured Party. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 2:00 p.m. (New York City, New York time) on the day when due in lawful money of the United States in immediately available funds to the applicable Purchaser Agent’s Account and if not received before such time shall be deemed received on the next Business Day. The Seller shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base Rate, payable on demand; provided 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 distributed to, each applicable Purchaser. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate which shall be based on a year consisting of 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower or the Servicer on behalf of the Borrower hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 2:00 p.m. (New York City, New York City time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if not received before such time shall be deemed received on the next Business DayAccount. The Seller Borrower shall, to the extent permitted by law, pay to the Secured Parties Parties, without duplication, interest on all amounts fees, principal or interest not paid or deposited when due hereunder at 2.0% per annum above a rate of interest equal to the Base then applicable Interest Rate and, if not paid within three (3) Business Days, at the Default Rate, payable on demand; provided 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 distributed to, each applicable PurchaserMaximum Lawful Rate. All computations of interest and all computations of the Interest Rate and other fees hereunder shall be made on the basis of a year consisting of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. (New York City, New York time) 1:00 p.m. on the day when due in lawful money of the United States in immediately available funds to the applicable Lender Agent’s Account and if any amount not received before such time shall be deemed received on the next Business Day. The Seller Borrower shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.02.00% per annum above the Base Rate, payable on demand; provided 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 distributed to, each applicable PurchaserLender. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate which shall be based on a year consisting of 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 2:00 p.m. (New York City, New York timeEastern Standard Time) on the day when due in lawful money of the United States in immediately available funds to the applicable Purchaser Agent’s Account and if not received before such time shall be deemed received on the next Business Day. The Seller Seller, or the Servicer, as applicable, shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.02% per annum above the Base Rate, payable on demand; provided 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 distributed to, each of the applicable PurchaserSecured Party. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate which shall be based on a year consisting of 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed.

Payments, Computations, etc. (a) i. Unless otherwise expressly provided herein, all amounts to be paid or deposited by the Seller Borrower to the Administrative Agent or the Servicer other Secured Parties hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 a.m. 1:00 p.m. (New York City, New York timeCity Time) on the day when due in lawful money of the United States in immediately available funds to the Agent’s Account and if any amount not received before such time shall be deemed received on the next Business Day. The Seller Borrower shall, to the extent permitted by law, pay to the Secured Parties interest on all amounts not paid or deposited when due hereunder at 2.0% per annum above the Base RateInterest Rate applicable during an Event of Default, payable on demand; provided 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 distributed to, each of the applicable PurchaserSecured Party. All computations of interest and all computations of Interest and other fees hereunder shall be made on the basis of a year consisting of 360 days (other than calculations with respect to the Base Rate, which shall be based on a year consisting of 365 or 366 days) for the actual number of days (including the first but excluding the last day) elapsed.