Crediting and Application of Specific Payments. The Borrowers shall make all payments to be made by the Borrowers under this Agreement with respect to the Obligations not later than 2:00 p.m. (Central time) on the day when due, without setoff, counterclaim, defense or deduction of any kind, to the Lender’s account maintained for such purpose at the Payment Office of the Lender. Payments received after 2:00 p.m. (Central time) shall be deemed to have been received on the next succeeding Business Day.
Appears in 5 contracts
Samples: Restructure Agreement (Peak Resorts Inc), Master Credit and Security Agreement (Peak Resorts Inc), Master Credit and Security Agreement (Peak Resorts Inc)
