Common use of Disbursements and Payments Clause in Contracts

Disbursements and Payments. The disbursement by the Lender will be made in immediately available funds and will be evidenced by records kept by the Lender. In addition, the Lender may, at its discretion, require the Borrower to sign a promissory note evidencing the Term Loan. Each payment made by the Borrower will be made without set-off or counterclaim in immediately available funds not later than 2:00 p.m., Chicago time, on the date called for under this Agreement at the Lender's office at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000. Funds received on any day after such time will be deemed to have been received on the next Banking Day. Whenever any payment to be made under this Agreement is stated to be due on a day which is not a Banking Day, such payment will be made on the next succeeding Banking Day and such extension of time will be included in the computation of any interest.

Disbursements and Payments. The Each disbursement by the Lender Bank will be made in immediately available funds and will be evidenced by records kept by the LenderBank. In addition, the Lender Bank may, at its discretion, require the Borrower to sign a one or more promissory note evidencing the Term Loannotes. Each payment made by the Borrower will be made without set-off or counterclaim in immediately available funds not later than 2:00 p.m., Chicago time, on the date called for under this Agreement at the LenderBank's office at 000 231 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000. Funds Xxnds received on any day after such time will be deemed to have been received on the next Banking Day. Whenever any payment to be made under this Agreement is stated to be due on a day which is not a Banking Day, such payment will be made on the next succeeding Banking Day and such extension of time will be included in the computation of any interest.

Disbursements and Payments. The Each disbursement by the Lender Bank and each payment by the Borrower will be be: (a) made in immediately available funds and will be funds; (b) evidenced by records kept by the LenderBank. In addition, the Lender Bank may, at its discretion, require the Borrower to sign a one or more promissory note evidencing the Term Loannotes. (c) Each payment made by the Borrower will be made without set-off or counterclaim in immediately available funds not later than 2:00 p.m.p.m,, Chicago time, on the date called for under this Agreement at the LenderBank's office at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000. Funds received on any day after such time will be deemed to have been received on the next Banking Day. Whenever any payment to be made under this Agreement is stated to be due on a day which is not a Banking Day, such payment will be made on the next succeeding Banking Day and such extension of time will be included in the computation of any interest.

Disbursements and Payments. The Each disbursement by the Lender Bank will be made in immediately available funds and will be evidenced by records kept by the LenderBank. In addition, the Lender Bank may, at its discretion, require the Borrower to sign a one or more promissory note evidencing the Term Loannotes. Each payment made by the Borrower will be made without set-off or counterclaim in immediately available funds not later than 2:00 p.m., Chicago time, on the date called for under this Agreement at the LenderBank's office at 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000. Funds received on any day after such time will be deemed to have been received on the next Banking Day. Whenever any payment to be made under this Agreement is stated to be due on a day which is not a Banking Day, such payment will be made on the next succeeding Banking Day and such extension of time will be included in the computation of any interest.