Common use of Time, Place, and Method of Payments Clause in Contracts

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes shall be made without set-off or counterclaim in Dollars and in immediately available funds. All payments by the Borrowers shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 p.m., Eastern Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Stock Pledge Agreement (KCS Energy Inc)

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Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes shall be made without set-off or counterclaim in U.S. Dollars and in immediately available funds. All payments by the Borrowers shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 p.m., Eastern Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 2 contracts

Samples: Credit Agreement (KCS Energy Inc), Credit Agreement (KCS Energy Inc)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes other Loan Documents shall be made without set-off or counterclaim in Dollars and in immediately available funds. All payments by the Borrowers Borrower shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 2:00 p.m., Eastern Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Administrative Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note Loan Document would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 2 contracts

Samples: Possession Credit Agreement (Swift Energy Co), Possession Credit Agreement (Swift Energy Co)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes shall be made without set-set off or counterclaim in Dollars and in immediately available funds. All payments by the Borrowers Borrower shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 2:00 p.m., Eastern Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Agent Lender at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.. 2.8

Appears in 1 contract

Samples: Credit Agreement (International PetroReal Oil CORP)

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Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes other Loan Documents shall be made without set-off or counterclaim in Dollars and in immediately available funds. All payments by the Borrowers shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 2:00 p.m., Eastern Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Administrative Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note Loan Document would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Swift Energy Co)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Notes shall be made without set-off or counterclaim in U.S. Dollars and in immediately available funds. All payments by the Borrowers Borrower shall be deemed received on the next Business Day following receipt if such receipt is after 3:00 2:00 p.m., Eastern Standard or Daylight Savings Saving Time, as the case may be, on any Business Day, and shall be made to the Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under any Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (KCS Energy Inc)

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