Borrower Payments. (i) Except with respect to principal and interest on Loans denominated in an Alternative Currency, all payments of principal of, and interest on, the Obligations by any Borrower to or for the account of the Lenders shall be made without condition or deduction or counterclaim, set-off, defense or recoupment for receipt before 12 noon (Eastern time) and (ii) with respect to principal and interest on Loans denominated in an Alternative Currency, the Applicable Time specified by Administrative Agent, in immediately available funds to Administrative Agent at the account Administrative Agent designates in writing to the applicable Borrowers, in all cases for the ratable benefit of each Lender. Funds received after 3:00 p.m. (Eastern time) shall be treated for all purposes as having been received on the next Business Day.
Appears in 11 contracts
Samples: Revolving Credit and Security Agreement (Golub Capital Direct Lending Corp), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.), Revolving Credit and Security Agreement (Golub Capital BDC 4, Inc.)
