Common use of Manner and Time of Payment Clause in Contracts

Manner and Time of Payment. All payments by the Borrower of principal, interest, fees, expenses and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Switch & Data Facilities Company, Inc.), Credit Agreement (Switch & Data, Inc.)

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Manner and Time of Payment. All payments by the a Borrower of principal, interest, fees, expenses and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the such Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Fibernet Telecom Group Inc\)

Manner and Time of Payment. All payments by the Borrower of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available same day funds, without defense, set-off setoff or counterclaim, free of any $650,000,000 CREDIT AGREEMENT restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon 2:00 P.M. (New York City time) on the date due at the Funding and Payment Office for the account of the LendersAdministrative Agent; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

Manner and Time of Payment. All payments by the Borrower of principal, interest, fees, expenses and other Obligations hereunder and under the Term Loan Notes shall be made in Dollars in immediately available funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of the Term Loan Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Switch & Data, Inc.)

Manner and Time of Payment. All payments by the Borrower Company of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available funds, same day funds and without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent each Lender or its agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office its office specified in Schedule 2.1(a) annexed hereto for the account of the Lenderssuch Lender; funds received by the Administrative Agent any Lender or its agent after that time on such due date shall be deemed to have been paid by the Borrower Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Falcon Financial Investment Trust)

Manner and Time of Payment. All Without prejudice to Section 10.4, all payments by the Borrower Company of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon 1:00 P.M. (New York City time) on the date due at to the Funding and Payment Office Account for the account of the Lenders; funds . Funds received by the Administrative Agent after that such time on such due date shall be deemed to have been paid by the Borrower Company on the next succeeding Business Day.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

Manner and Time of Payment. All payments by the Borrower Borrowers of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon 1:00 p.m. (New York City time) on the date due at via wire transfer to the Funding and Payment Office Account for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower Borrowers on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

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Manner and Time of Payment. All payments by the Borrower of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available same day funds, in each case without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon 2:00 P.M. (New York, New York City time) on the date due at the applicable Funding and Payment Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Boyds Collection LTD)

Manner and Time of Payment. All payments by the a Borrower -------------------------- of principal, interest, fees, expenses and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the such Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Fibernet Telecom Group Inc\)

Manner and Time of Payment. All payments by the Borrower of principal, interest, fees, expenses fees and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available same day funds, without defense, set-off setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon 2:00 P.M. (New York City time) on the date due at the Funding and Payment Office for the account of the LendersAdministrative Agent; funds received by the Administrative Agent after $1,100,000,000 CREDIT AGREEMENT that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

Manner and Time of Payment. All payments by the Borrower -------------------------- of principal, interest, fees, expenses and other Obligations hereunder and under the Notes shall be made in Dollars in immediately available funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of the Lenders; funds received by the Administrative Agent after that time on such due date shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Fibernet Telecom Group Inc\)

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