Credit Party Payments Sample Clauses
The 'Credit Party Payments' clause defines the obligations and procedures for payments made by or to credit parties under an agreement. Typically, it outlines who qualifies as a credit party, the timing and method of payments, and any conditions or restrictions that apply to such transactions. For example, it may specify that payments must be made in a certain currency, to designated accounts, or within specific timeframes. The core function of this clause is to ensure clarity and consistency in financial transactions between parties, reducing the risk of disputes or delays related to payment obligations.
Credit Party Payments. All payments of principal of, and interest on, the Obligations of the applicable Fund Group under this Credit Agreement by any Borrower in such Fund Group to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers in the applicable Fund Group for receipt by the Administrative Agent before 1:00 p.m. in federal or other immediately available funds to the Administrative Agent at the account designated by Administrative Agent in Schedule V hereto, as such schedule may be amended or modified by the Administrative Agent upon written notice to the Borrowers. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. All payments shall be made in Dollars.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Credit Party to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers for receipt by the Administrative Agent before 1:00 p.m. in federal or other immediately available funds to such account as directed by the Administrative Agent. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. All interest payments shall be made in Dollars.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Credit Party to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrower Parties for receipt by the Administrative Agent before 1:00 p.m. in immediately available funds to the Administrative Agent at such account that the Administrative Agent designates in writing to the Borrower Parties. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day following receipt of such funds. All payments shall be made in the currency of the related Borrowing.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Borrower to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers for receipt by the Administrative Bank before 1:00 p.m. in federal or other immediately available funds to the Administrative Bank at the account designated by Administrative Bank in Schedule IV hereto, as such schedule may be amended or modified by the Administrative Bank upon written notice to the Borrowers. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Bank on the first Business Day next following receipt of such funds. All payments shall be made in Dollars.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Borrower to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by such Borrower for receipt by the Administrative Agent before 3:00 p.m. in federal or other immediately available funds to the Administrative Agent at account number 001291068205 at Bank of America, N.A., ABA No. 026009593, reference “Lord Abbett Private Credit Fund 1, LP, Attention: [●]”, or any other account of the Administrative Agent that the Administrative Agent designates in writing to the Borrowers. Funds received after 3:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Credit Party to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers for receipt by the applicable Lender (or, if there is more than one Lender Group, to the Administrative Agent) before 1:00 p.m. in federal or other immediately available funds at such account of the Administrative Agent or the applicable Lender that the Administrative Agent or such Lender, as applicable, designates in writing to the Borrowers. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. All payments shall be made in Dollars.
Credit Party Payments. All payments of principal of, and interest on, the Facility Obligations under this Credit Agreement by any Credit Party to or for the account of the Lenders, or any of them, shall be made without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers for receipt by the Administrative Agent before 1:00 p.m. in the case of payments made in Dollars and 11:00
a. m. in the case of payments made in an Alternative Currency (or, in each case, such later time as the Administrative Agent may approve in its sole discretion), in each case, in federal funds or other Same Day Funds to the Administrative Agent at account number 01104331628807 at ▇▇▇▇▇ Fargo Bank, National Association, ABA No.: 121 000 248, account name “Agency Services Clearing Account”, reference “AG Twin Brook BDC, Inc.”, or any other account of the Administrative Agent that the Administrative Agent designates in writing to the Borrowers. Funds received after 1:00 p.m. in the case of payments made in Dollars or after 11:00 a.m. in the case of payments made in an Alternative Currency, as applicable, shall (unless otherwise approved by the Administrative Agent) be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. All payments shall be made in the currency of the related Borrowing.
Credit Party Payments. All payments of principal of, and interest on, the Obligations under this Credit Agreement by any Credit Party to or for the account of the Lenders, or any of them, shall be made (i) within 180 days from the date each Loan was disbursed by the Administrative Agent, absent receipt by the Administrative Agent of approval of an additional tenor for such Loan by the Advisory Committee (as defined in the Constituent Documents of the Initial Borrower), and (ii) without condition or deduction or counterclaim, set-off, defense or recoupment by the Borrowers for receipt by the Administrative Agent before 1:00 p.m. in federal or other immediately available funds to the Administrative Agent at account number 4426457864 at Bank of America, N.A., ABA No. ▇▇▇▇▇▇▇▇▇, reference “Acadia IV, Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇”, or any other account of the Administrative Agent that the Administrative Agent designates in writing to the Borrowers. Funds received after 1:00 p.m. shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. All payments shall be made in Dollars.