Bank Payments Sample Clauses

Bank Payments. During the period from the Execution Date through the Closing, the Company will not consent to making any payments, directly or indirectly, to the Banks other than payments in respect of the Company's credit cards pursuant to the Company's Credit Card Agreement with Comerica Bank. 6.16.
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Bank Payments. 36 6.16. Foreign Liabilities . . . . . . . . . . . . . . 36 6.17. Cure Costs. . . . . . . . . . . . . . . . . . . 37 ARTICLE VII
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Bank Payments. Any Cardholder payments on Accounts not made at Retailer stores pursuant to Section 6.7.2 shall be made directly to Bank in accordance with the instructions of Bank and at the location or address (physical or electronic, as applicable) specified by Bank. By way of clarification, Bank has the sole right to receive and retain all payments made with respect to all Accounts and to pursue collection of all amounts outstanding, unless a Purchase is charged back to Retailer pursuant to the provisions of Sections 6.8.1 and 6.8.2.
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Bank Payments. If Bank fails to pay Retailer in full as required under Section 6.6, other than payments Disputed by Bank in good faith, or Bank repeatedly fails to make timely payment as set forth in Section 6.6, then within ten (10) days after receipt of written notice of such default. Upon the occurrence of such an event, Retailer shall have the right to terminate this Agreement by providing written notice to Bank of its intent to terminate. This Agreement shall terminate upon a time period determined by Retailer, in its sole discretion. Notwithstanding the foregoing, in the event that Bank fails to pay Retailer in full within the time periods set out in Section 6.6, Retailer may immediately, without being in default of this Agreement or causing a Bank Termination Event, suspend performance of any of its duties under this Agreement in whole or in part. By means of illustration, if Bank fails to pay Retailer in full for customer transactions according to the time such payment is due under Section 6.6, Retailer may immediately cease to honor the Credit Card for some or all transactions at any or all Retailer Locations during the ten (10) day cure period.
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Bank Payments 
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Related to Bank Payments

  • Advances; Payments (i) Lenders shall refund or participate in the Swing Line Loan in accordance with clauses (iii) and (iv) of Section 1.1(c). If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone (promptly confirmed thereafter by telecopy or other form of written transmission) or other similar form of written transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of such Revolving Credit Advance available to Agent in same day funds by wire transfer to Agent's account as set forth in Annex H not later than 3:00 p.m. (New York time) on the requested funding date, in the case of an Index Rate Loan, and not later than 11:00 a.m. (New York time) on the requested funding date, in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, Agent shall make the requested Revolving Credit Advance to Borrower. All payments by each Lender shall be made without setoff, counterclaim or deduction of any kind.

  • Sharing of Reimbursement Obligation Payments Whenever the Agent receives a payment from the Borrower on account of reimbursement obligations in respect of a Letter of Credit or Credit Support as to which the Agent has previously received for the account of the Letter of Credit Issuer thereof payment from a Lender, the Agent shall promptly pay to such Lender such Lender’s Pro Rata Share of such payment from the Borrower. Each such payment shall be made by the Agent on the next Settlement Date.

  • Loan Payments (a) The Loan shall bear interest at a fixed rate per annum equal to the Note Rate. Interest shall be computed based on the daily rate produced assuming a three hundred sixty (360) day year, multiplied by the actual number of days elapsed. Except as otherwise set forth in this Agreement, interest shall be paid in arrears.

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Payment of Reimbursement Obligations (a) The Borrower agrees to pay to the Administrative Agent for the account of the Issuing Bank the amount of all Advances for Reimbursement Obligations, interest and other amounts payable to the Issuing Bank under or in connection with any Facility Letter of Credit when due, irrespective of any claim, set-off, defense or other right which the Borrower may have at any time against any Issuing Bank or any other Person, under all circumstances, including without limitation any of the following circumstances:

  • Prepayments Payments Taxes 48 Section 5.1

  • Non-Payments of Other Indebtedness Any Consolidated Company shall fail to make when due (whether at stated maturity, by acceleration, on demand or otherwise, and after giving effect to any applicable grace period) any payment of principal of or interest on any Indebtedness (other than the Obligations) exceeding $5,000,000 in the aggregate;

  • Setoff Ratable Payments 37 11.1 Setoff..................................................................................................37 11.2

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

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