Common use of Payments, Computations, etc Clause in Contracts

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdings. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “Interest Period”) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, the Notes, each Letter of Credit or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit the Notes or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m.12:00 noon, New York City Hartford, Connecticut time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such LenderLender (provided, that, any such funds remitted after the date received shall be remitted with interest accrued thereon at the Federal Funds Rate). All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (other then when such interest is calculated at other than with respect to the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause clauses (c) or (d) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., A.M. (New York City time, ) on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Base Rate Loans) and fees Loans shall be computed on the basis of a year of 365 days or 366 days, as the case may be, and all other computations of interest (including interest on LIBOR Rate Loans) and fees payable hereunder shall be made on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring during in the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest fees are payable. Payments due on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment; provided, that, payments of principal and interest on the Canadian Loans and the Australian Revolving Loans shall be made directly to the Lenders entitled thereto. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent Agent, or the Canadian Lenders or Australian Lenders as the case may be, shall specify from time to time by notice to Greektown Holdingsthe Borrowers. Funds received after that time shall be deemed to have been received by the Administrative Agent Agent, or such Lenders as the case may be, on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit the Term Notes or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata PRO RATA account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m., New York City time, on the date due, in same day or immediately available fundsfunds through the New York Clearing House Interbank Payments System (or such other funds as may be customary for the settlement of international banking transactions in Dollars), to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly (but in any event on the same Business Day that the same are received or, as contemplated in the immediately preceding sentence, deemed received) remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such LenderLender without any setoff, deduction or counterclaim. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause CLAUSE (cC) of the definition of the term “Interest Period”"INTEREST PERIOD" with respect to LIBO Rate Loans) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata PRO RATA account of the Lenders Lender Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, 12:30 p.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrowers. Funds received after that time shall may be deemed by the Administrative Agent to have been received by the Administrative Agent on the next succeeding Business Day. Each Borrower shall, at the time it makes any payment under this Agreement, specify to the Administrative Agent the Loan, Letter of Credit, fees or other amounts payable by such Borrower hereunder to which such payment is to be applied (and if it fails to specify or if such application would be inconsistent with the terms hereof, the Administrative Agent shall, subject to SECTION 4.8, distribute such payment to the Lender Parties in such manner as the Administrative Agent may deem appropriate). The Administrative Agent shall promptly remit in same day funds to each Lender Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderLender Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause CLAUSE (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit Agreement or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m.1:00 p.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit the Notes or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m.1:00 p.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of -39- 41 such Lender. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate)) and fees, 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”) " be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit the Note or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders or Issuers entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m., New York City a.m. (Dallas time, ) on the date due, in same day or immediately available funds, to such account with the Administrative Agent in Dallas, Texas as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business DayDay and any applicable interest or fee shall continue to accrue. The Administrative Agent shall promptly remit in same day funds to each Lender or each Issuer its share, if any, of such payments received by the Administrative Agent for the account of such LenderLender or such Issuer. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee fees is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than when calculated with respect to the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”" with respect to LIBO Rate Loans) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers each Borrower pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers such Borrower to the Administrative Agent for the pro rata PRO RATA account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction (except as permitted under Section 4.6(f)) or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrowers. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause CLAUSE (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. (a) Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. All payments by the Borrower shall be made to the Administrative Agent with respect to principal of, interest on, and any other amounts relating to, any Loan, shall be made in the currency in which such Loan is denominated or payable, and, with respect to all other amounts payable hereunder, shall be made in Dollars and in each case, in immediately available funds. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “Interest Period”) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower; provided that failure by the Administrative Agent to provide such notice shall not excuse any required payments. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “Interest Period”) be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment. SECTION 4.8.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Administrative Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate)Loan, 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment. The Administrative Agent shall apply amounts contained in the accounts of the Borrowers maintained with the Administrative Agent to amounts due to the Agents and the Lenders under the Loan Documents when due.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers Borrower pursuant to this Agreement, each Letter of Credit Agreement or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata PRO RATA account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. Local Time on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrowers. Funds received after that time shall be deemed to have been received by the Administrative Agent Agent, or such Lenders as the case may be, on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans, PROVIDED that for purposes of this sentence LIBO Rate shall not refer to BBSY Rate) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, (i) in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), ) 365 days or, if appropriate, 366 days and (ii) in the case of interest on an Australian Revolver Loan, 364 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers each Borrower pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers such Borrower to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction (except as permitted under Section 4.6(f)) or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrowers. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by or on behalf of the Borrowers Borrower pursuant to this Agreement, each Letter of Credit the Notes or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata PRO RATA account of the Lenders Lenders, Agents or Arranger, as applicable, entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m.1:00 p.m., New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Lender, Agent or Arranger, as the case may be, its share, if any, of such payments received by the Administrative Agent for the account of such Lender, Agent or Arranger, as the case may be. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate)Loan, 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (ci) of the definition of the term “Interest Period”"INTEREST PERIOD") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.

Payments, Computations, etc. Unless otherwise expressly providedprovided in a Loan Document, all payments by the Borrowers pursuant to this Agreement, each Letter of Credit or any other Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata account of the Lenders Secured Parties entitled to receive such payment. All such payments required to shall be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, counterclaim not later than 11:00 a.m., New York City time, a.m. on the date due, due in same day or immediately available funds, funds to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe applicable Borrower; provided that failure by the Administrative Agent to provide such notice shall not excuse any required payments. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender Secured Party its share, if any, of such payments received by the Administrative Agent for the account of such LenderSecured Party. All interest (including interest on LIBO Rate LIBOR Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be Payments due on a day which is not other than a Business Day, such payment Day shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, fees in connection with such that payment.

Payments, Computations, etc. Unless otherwise expressly provided, all payments by the Borrowers Borrower pursuant to this Agreement, the Notes, each Letter of Credit or any other Loan Document shall be made by the Borrowers Borrower to the Administrative Agent for the pro rata account of the Lenders entitled to receive such payment. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 11:00 a.m.12:00 noon, New York City time, on the date due, in same day or immediately available funds, to such account as the Administrative Agent shall specify from time to time by notice to Greektown Holdingsthe Borrower. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Lender its share, if any, of such payments received by the Administrative Agent for the account of such Lender. All interest (including interest on LIBO Rate Loans) and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Base Rate Loan (calculated at other than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall (except as otherwise required by clause (c) of the definition of the term “"Interest Period”") be made on the next succeeding Business Day and such extension of time shall be included in computing interest and fees, if any, in connection with such payment.