Common use of Form and Method of Payments; Net Payments Clause in Contracts

Form and Method of Payments; Net Payments. All payments required to be made to the Bank under this Agreement shall be made not later than 2:00 p.m. (New York City time) on a Business Day by wire transfer in lawful currency of the United States and in immediately available funds to the Bank at Xxxxx Fargo Bank, National Association, ABA No. , Account No. , Reference: , Letter of Credit No. NZS673177 (or at such other bank, address or account as the Bank may designate in writing from time to time to the City) (the “Payment Office”). Any payment received by the Bank later than 2:00 p.m. (New York City time) on a Business Day shall be deemed to be made on the next succeeding Business Day. Whenever any payment due under the terms of this Agreement is due on a day which is not a Business Day, the date for payment thereof shall be extended, without penalty, to the next succeeding Business Day, and such extended time shall be included in the computation of interest and fees. All such payments will be made without setoff, counterclaim or other defense.

Form and Method of Payments; Net Payments. All payments required to be made to the Bank under this Agreement shall be made not later than 2:00 p.m. (New York City time) on a Business Day by wire transfer in lawful currency of the United States and in immediately available funds to the Bank at Xxxxx Fargo BankBank of America, National AssociationN.A., ABA No. 0000-0000-0, Account No. 45358-83980, Reference: Standby Letter of Credit Department, regarding Letter of Credit No. NZS673177 (or at such other bank, address or account as the Bank may designate in writing from time to time to the City) (the “Payment Office”). Any payment received by the Bank later than 2:00 p.m. (New York City time) on a Business Day shall be deemed to be made on the next succeeding Business Day. Whenever any payment due under the terms of this Agreement is due on a day which is not a Business Day, the date for payment thereof shall be extended, without penalty, to the next succeeding Business Day, and such extended time shall be included in the computation of interest and fees. All such payments will be made without setoff, counterclaim or other defense.

Form and Method of Payments; Net Payments. All payments required to be made to the Bank under this Agreement shall be made not later than 2:00 4:00 p.m. (New York City time) on a Business Day by wire transfer in lawful currency of the United States and in immediately available funds to the Bank at Xxxxx Fargo Bank, National Associationat Barclays Bank PLC, ABA No. #: 000000000, Account No. credit to CLAD A/C # 050019104, Reference: , Letter of Credit No. NZS673177 SB-01913, City of San Xxxx (or at such other bank, address or account as the Bank may designate in writing from time to time to the City) (the “Payment Office”). Any payment received by the Bank later than 2:00 4:00 p.m. (New York City time) on a Business Day shall be deemed to be made on the next succeeding Business Day. Whenever any payment due under the terms of this Agreement is due on a day which is not a Business Day, the date for payment thereof shall be extended, without penalty, to the next succeeding Business Day, and such extended time shall be included in the computation of interest and fees. All such payments will be made without setoff, counterclaim or other defense.

Form and Method of Payments; Net Payments. All payments required to be made to the Bank under this Agreement shall be made not later than 2:00 p.m. (New York City time) on a Business Day by wire transfer in lawful currency of the United States and in immediately available funds to the Bank at Xxxxx Fargo JPMorgan Chase Bank, National Association, ABA No. 000000000, for Credit to Letter of Credit Department, Account No. 324331754, Reference: , Standby Letter of Credit No. NZS673177 Credit, regarding LC# CPCS-897846 (or at such other bank, address or account as the Bank may designate in writing from time to time to the City) (the “Payment Office”). Any payment received by the Bank later than 2:00 p.m. (New York City time) on a Business Day shall be deemed to be made on the next succeeding Business Day. Whenever any payment due under the terms of this Agreement is due on a day which is not a Business Day, the date for payment thereof shall be extended, without penalty, to the next succeeding Business Day, and such extended time shall be included in the computation of interest and fees. All such payments will be made without setoff, counterclaim or other defense.