Common use of Certain Provisions Regarding Payments Clause in Contracts

Certain Provisions Regarding Payments. (a) Unless otherwise specified, the Company shall make all payments required under the Loan Documents not later than 1:00 p.m., Houston, Texas, time on any date when due in lawful money of the United States of America to the Purchaser at such location as is specified by the Purchaser in writing in immediately available funds. Whenever any payment to be made under the Loan Documents shall be stated to be due on a day other than a day on which the banks in Vancouver, British Columbia, and Houston, Texas, are required to be open ("Business Day"), such payment shall be due and payable on the next succeeding Business Day. If the date for payment of any obligation is not specified in the Loan Documents, such obligation shall be payable upon demand.

Certain Provisions Regarding Payments. (a) Unless otherwise specified, the Company shall make all payments required under the Loan Warrant Documents not later than 1:00 p.m., Houston, Texas, time on any date when due in lawful money of the United States of America to the Purchaser at such location as is specified by the Purchaser in writing in immediately available funds. Whenever any payment to be made under the Loan Warrant Documents shall be stated to be due on a day other than a day on which the banks in Vancouver, British Columbia, and Houston, Texas, are required to be open ("Business Day"), such payment shall be due and payable on the next succeeding Business Day. If the date for payment of any obligation is not specified in the Loan Warrant Documents, such obligation shall be payable upon demand.

Certain Provisions Regarding Payments. (a) Unless otherwise specified, the Company shall make all payments required under the Loan Transaction Documents not later than 1:00 p.m., Houston, Texas, time on any date when due in lawful money of the United States of America to the Purchaser at such location as is specified by the Purchaser in writing in immediately available funds. Whenever any payment to be made under the Loan Transaction Documents shall be stated to be due on a day other than a day on which the banks in Vancouver, British Columbia, and Houston, Texas, are required to be open ("Business Day"), such payment shall be due and payable on the next succeeding Business Day. If the date for payment of any obligation is not specified in the Loan Transaction Documents, such obligation shall be payable upon demand.