Time and Method of Payments. All payments of principal, interest, fees and other amounts (including indemnities) payable by the Borrowers hereunder shall be made in US Dollars, in immediately available funds, without deduction, setoff or counterclaim, to the Agent at its principal office on the date on which such payment shall become due; provided, however, that any payment not received by the Agent by 1:00 PM, (Boston time) on the date made shall be deemed received on the next Business Day (but no Default shall be deemed to have occurred as a result thereof under Section 8.1 if payment is received after 1:00 PM, (Boston time), but prior to 5:00 PM, (Boston time) on the date on which such payment shall become due). The Agent or any Lender for whose account any such payment is to be made may, but shall not be obligated to, debit the amount of any such payment which is not made by such time to any deposit account of any of the Borrowers with the Agent or such Lender, as the case may be. Each payment received by the Agent hereunder for the account of a Lender shall be paid promptly to such Lender, in like funds. If any payment of principal or interest becomes due on a day other than a Business Day, such payment may be made on the next succeeding Business Day, and such extension shall be included in computing interest in connection with such payment. All payments hereunder and under the Notes shall be made without setoff or counterclaim and in such amounts as may be necessary in order that all such payments shall not be less than the amounts otherwise specified to be paid under this Agreement and the Notes after withholding for or on account of (i) any present or future taxes, levies, imposts, duties or other similar charges of whatever nature imposed by any government or any political subdivision or taxing authority thereof, other than any tax (except those referred to in clause (ii) below) on or measured by the net income of the Agent, any Lender or the Issuing Bank to which any such payment is due pursuant to applicable federal, state and local income tax laws, and (ii) deduction of amounts equal to the taxes on or measured by, the net income of such Person with respect to the amount by which the payments required to be made under this sentence exceed the amounts otherwise specified to be paid in this Agreement and the Notes.
Time and Method of Payments. The District shall send the Company a detailed monthly statement of charges due for all Company Water delivered to the Delivery Point during the preceding month as measured by the Agency meters, which shall be read on a monthly basis, and all Operating Reserve Water and Drought Reserve Water used to satisfy the Water Availability Guarantee, The Company shall not be billed for Excess Water that goes into the Reserve Account. The Company shall pay to the District all undisputed portions of statements, within forty-five
Time and Method of Payments. All payments of principal, interest, Fees and other amounts (including indemnities) payable by the Borrowers hereunder shall be made in Dollars, in immediately available funds, to the Agent at the Principal Office not later than 11:00 a.m., Cleveland, Ohio time, on the date on which such payment shall become due (and the Agent or any Bank for whose account any such payment is to be made may, but shall not be obligated to, debit the amount of any such payment that is not made by such time to any ordinary deposit account of the Borrowers, or any of them, with the Agent or such Bank, as the case may be). Additional provisions relating to payments are set forth in Section 10.3 hereof. Each payment received by the Agent hereunder for the account of a Bank shall be paid promptly to such Bank, in like funds, for the account of such Bank's Lending Office for the Loan in respect of which such payment is made.
Time and Method of Payments. (a) Subject to the provisions of Sections 6.02, 6.03, and 6.04, as applicable, all payments in reduction of Capital Investment and all payments of yield, fees and other amounts payable by MRFC hereunder shall be made in Dollars, in immediately available funds, to the Administrative Agent (for its account or the account of the applicable Purchasers, Affected Parties or Indemnified Persons) not later than 12:00 noon (New York time) on the due date therefor. Any such payment made on such date but after such time shall be deemed to have been made on, and Daily Yield shall continue to accrue and be payable thereon until, the next succeeding Business Day. If any such payment becomes due on a day other than a Business Day, the maturity thereof will be extended to the next succeeding Business Day and Daily Yield thereon shall be payable during such extension.
Time and Method of Payments. All payments of principal, interest, Fees and other amounts (including indemnities) payable by the Borrowers hereunder shall be made in Dollars, in immediately available funds, to the Agent at the Principal Office not later than 11:00 a.m., New York City time, on the date on which such payment shall become due (and the Agent or any Bank for whose account any such payment is to be made may, but shall not be obligated to, debit the amount of any such payment that is not made by such time to any ordinary deposit account of the Borrowers, or any of them, with the Agent or such Bank, as the case may be). Additional provisions relating to payments are set forth in Section 10.3 hereof. Each payment received by the Agent hereunder for the account of a Bank shall be paid promptly to such Bank, in like funds, for the account of such Bank's Lending Office for the Loan in respect of which such payment is made.
Time and Method of Payments. All payments of principal, interest, fees and other charges (including indemnities) payable by the Borrower hereunder shall be made in Dollars, in immediately available funds, to Fleet as set forth in the Banks' Loan Agreement (and Fleet may, but shall not be obligated to, debit the amount of any such payment that is not made as provided in the Banks' Loan Agreement to any ordinary deposit account of the Borrower with Fleet). Additional provisions relating to payments are set forth in Section 10.3 of the Banks' Loan Agreement and are incorporated by reference herein.
Time and Method of Payments. All payments of principal, interest and other amounts (including indemnities) payable hereunder shall be made in Dollars, in immediately available funds, to the Bank at its Payment Office not later than 11:00 a.m. New York time, on the date on which such payment shall become due. Alternatively, the Bank will debit the Payment Account to the extent money for payments is available therein. Additional provisions relating to payments are set forth in the Note.
Time and Method of Payments. (a) Subject to the provisions of Sections 6.2, 6.3, 6.4, 6.5 and 7.5(b), all payments in reduction of Capital Investment and all payments of yield, fees and other amounts payable by the Seller hereunder shall be made in Dollars, in immediately available funds, to the Administrative Agent (for its account or the account of the applicable Purchasers, Affected Parties or Indemnified Persons) not later than 12:00 noon (New York time) on the due date therefor. Any such payment made on such date but after such time shall be deemed to have been made on, and Daily Yield shall continue to accrue and be payable thereon until, the next succeeding Business Day. If any such payment becomes due on a day other than a Business Day, the maturity thereof will be extended to the next succeeding Business Day and Daily Yield thereon shall be payable during such extension.
Time and Method of Payments. All payments of principal, Note Interest, fees and other amounts (including indemnities) payable by the Borrower to the Lender (as reflected in the Register), the Administrative Agent or any other Affected Party hereunder shall be made in Dollars, in immediately available funds, to the Administrative Agent not later than 11:00 a.m. (New York City time) on each Payment Date. On each Payment Date amounts on deposit in the Distribution Account shall be withdrawn to make required payments in accordance with the Priority of Payments. Any such payment made on such date but after such time shall, if the amount paid bears interest, be deemed to have been made on, and interest shall continue to accrue and be payable thereon until, the next succeeding Business Day, provided, that no Event of Default shall be triggered by such determination that payment was made on the next Business Day. If any payment of principal or Note Interest becomes due on a day other than a Business Day, such payment may be made on the next succeeding Business Day and such extension shall be included in computing interest in connection with such payment. All payments hereunder and under the Note shall be made without setoff or counterclaim and in such amounts as may be necessary in order that all such payments shall not be less than the amounts otherwise specified to be paid under this Agreement and the Note. Upon payment in full of the Note, following the Facility Maturity Date, the Administrative Agent as agent for the Lender shall xxxx the Note "paid" and return it to the Borrower.
Time and Method of Payments. All payments of principal, interest, Fees and other amounts (including indemnities) payable by the Borrowers hereunder shall be made in Dollars, in immediately available funds, to the Agent at the Principal Office not later than 11:00 a.m., New Jersey time, on the date on which such payment shall become due (and the Agent or any Bank for whose account any such payment is to be made may, but shall not be obligated to, debit the amount of any such payment that is not made by such time to any ordinary deposit account of any Borrower with the Agen or such Bank, as the case may be). Additional provisions relating to payments are set forth in Section 10.3 hereof. Each payment received by the Agent hereunder for the account of a Bank shall be paid promptly to such Bank, in like funds, for the account of such Bank's Applicable Lending Office for the Loan in respect of which such payment is made.
