Applicable Payment Office definition

Applicable Payment Office means, (a) in the case of a Canadian Borrowing, the Canadian Payment Office and (b) in the case of a Eurocurrency Borrowing, the applicable Eurocurrency Payment Office.
Applicable Payment Office shall have the meaning given to that term in Subparagraph 2.13(b).

Examples of Applicable Payment Office in a sentence

  • The failure of the Parent or any of the Borrowers to make any such payment by the time required above in this Section 2.5 shall not constitute a default hereunder, provided that such payment is made on such due date, but any such payment made after 12:00 Noon (local time in the city in which such Applicable Payment Office is located) on such due date shall be deemed to have been made on the next Business Day for the purpose of calculating interest on the applicable amounts payable.

  • All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees, Letter of Credit commissions or otherwise, shall be made without set off or counterclaim and shall be made prior to 1:00 P.M. (or, in the case of Eurocurrency Borrowings denominated in Foreign Currencies, 1:00 p.m. Local Time) on the due date thereof to the Administrative Agent, for the account of the Lenders, at the Applicable Payment Office in immediately available funds.

  • Each Borrower may from time to time, by written notice to the Agent and each Lender, designate an office from which payments under this Agreement shall be made (an "Applicable Payment Office").

  • Each such payment shall be made to the Administrative Agent for the account of the Issuing Lender at the Applicable Payment Office in immediately available funds in the Agreed Currency in which the Letter of Credit was denominated.

  • The Guarantor hereby guarantees that payments hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars or other Agreed Currency in which such Obligations are payable at the office of the Administrative Agent located at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, X.X.X. or such Applicable Payment Office as may be specified for any of the Obligations payable in any other Agreed Currency.


More Definitions of Applicable Payment Office

Applicable Payment Office in the case of:
Applicable Payment Office means Borrower’s offices located at 0000 Xxxxxxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx.
Applicable Payment Office the office specified from time to time by the Administrative Agent as its Applicable Payment Office by notice to the Borrower and the relevant Lenders (it being understood that such Applicable Payment Office shall mean (i) with respect to Loans denominated in Dollars, the office of the Administrative Agent specified in Section 11.2 or such other office as may be specified from time to time by the Administrative Agent to the Borrower and each Lender and (ii) with respect to Loans denominated in an Available Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Borrower and each Lender, until otherwise notified by the Administrative Agent.
Applicable Payment Office the office of the Administrative Agent specified in Section 10.2 or, in the case of Eurocurrency Borrowings and Letters of Credit denominated in any Foreign Currencies, the applicable Eurocurrency Payment Office.
Applicable Payment Office means, with respect to Obligations payable in Dollars, the principal office of Citibank in New York, New York, and, with respect to Obligations payable in any Alternative Currency, the principal office of Citibank London in London, England or such other office or offices as determined by the Agent from time to time of which notice is given to the Borrowers, Lenders and Issuing Banks in accordance with the provisions of Section 15.08.
Applicable Payment Office in respect of (i) all Loans (other than Alternate Currency Loans), fees and other amounts owing under the Loan Documents, the office of the Administrative Agent listed on Schedule 1.1A as its "Domestic Payment Office", and (ii) in respect of Alternate Currency Loans, the office of the Administrative Agent listed on Schedule 1.1A as its payment office for the applicable Alternate Currency, or such other office or offices as the Administrative Agent may from time to time hereafter designate in writing as such to each Lender and the Borrower.