Common use of Place and Time of Payment Clause in Contracts

Place and Time of Payment. All payments of principal of, or interest on, the Trust Note shall be made by the Trust to the Company in same day funds at Crawfordsville, Indiana, not later than 11:00 a.m. on the date due. Funds received after that hour shall be deemed to have been received on the next following Business Day.

Appears in 3 contracts

Samples: Exempt Loan and Share Purchase Agreement (Union Community Bancorp), Exempt Loan and Share Purchase Agreement (Union Community Bancorp), Exempt Loan and Share Purchase Agreement (Union Community Bancorp)

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Place and Time of Payment. All payments of principal of, or interest on, the Trust Note shall be made by the Trust to the Company in same day funds at CrawfordsvilleFrankfort, Indiana, not later than 11:00 a.m. on the date due. Funds received after that hour shall be deemed to have been received on the next following Business Day.

Appears in 2 contracts

Samples: Exempt Loan and Share Purchase Agreement (Citizens Bancorp), Exempt Loan and Share Purchase Agreement (Citizens Bancorp)

Place and Time of Payment. All payments of principal of, or interest on, the Trust Note shall be made by the Trust to the Company in same day funds at CrawfordsvilleMadison, Indiana, not later than 11:00 a.m. on the date due. Funds received after that hour shall be deemed to have been received on the next following Business Day.

Appears in 1 contract

Samples: Share Pledge Agreement (River Valley Bancorp)

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Place and Time of Payment. All payments of principal of, or interest on, the Trust Note shall be made by the Trust to the Company in same day funds at CrawfordsvilleFranklin, Indiana, not later than 11:00 a.m. on the date due. Funds received after that hour shall be deemed to have been received on the next following Business Day.

Appears in 1 contract

Samples: Share Pledge Agreement (Third Century Bancorp)

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