General Interest Accrual; Place of Payment Sample Clauses

General Interest Accrual; Place of Payment. Except as otherwise ------------------------------------------ provided in Section 2.02(a), all payments to the Bank under this Agreement (including without limitation all payments becoming due under Sections 2.02(b) and 2.02(c)) shall be accompanied by interest thereon, from the date such payments become due until they are paid in full, at a fluctuating rate per annum (computed for the actual number of days elapsed, based on a 360-day year) equal to the Prime Rate; provided that any amount that is not paid within 10 days of the date such amount is due and payable to the Bank under this Agreement shall thereafter bear interest at a fluctuating rate per annum (computed for the actual number of days elapsed, based on a 360-day year) equal to two percent (2%) per annum above the Prime Rate. All payments by the Borrower to the Bank under this Agreement shall be made in lawful currency of the United States at the Bank's office at 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000, Attention: Corporate Banking, or at such other address and to the attention of such other person as the Bank may stipulate by written notice to the Borrower, upon at least 30 days prior written notice, or by a wire transfer in immediately available funds from the Borrower to the Bank in accordance with written wire instructions given to the Borrower by the Bank; provided that (i) all reimbursement and transaction charge payments under Sections 2.02(a) and 2.02(c) shall be made at the Bank's letter of credit office at 000 Xxxxx Xxxxxx, 0xx Xxxxx - Xxxxx Xxxxxxxx, Xxxxxxxxxx, XX 00000, Attention: Letter of Credit Department, or such other address as the Bank may stipulate by written notice to the Borrower, and (ii) all reimbursement payments under Section 2.02(a) shall be made in immediately available funds.
Sample 1
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General Interest Accrual; Place of Payment. All payments to ------------------------------------------ Mellon under this Agreement (including without limitation all payments becoming due under SECTIONS 2.2(A), 2.2(B), 2.2(C), 2.2(D), 2.2(E), 2.6 AND 7.4) shall be ------------------------------------------------------------ accompanied by interest thereon, from the date the drawing under the Letter of Credit is honored with respect to payments under SECTION 2.2(A) and from the ------------- date such payments become due with respect to all other payments, at the interest then applicable to Base Rate Loans as provided in the Revolving Credit Loan Agreement. If any amount is not paid by the Company when due under this Agreement such amount shall thereafter bear interest at the default rate of interest for Base Rate Loans as set forth in the Revolving Credit Loan Agreement. All payments by the Company to Mellon under this Agreement shall be made in lawful currency of the United States at Mellon's office at Trade Banking Operations, Room 0000, Xxxxx Xxxxxx Xxxx Xxxxxx, Xxxxxxxxxx, XX 00000-0000, Attention: Standby Letter of Credit Manager or at such other address and to the attention of such other person as Mellon may stipulate by written notice to the Company, or by a wire transfer in immediately available funds from the Company to Mellon in accordance with written wire instructions given to the Company by Mellon; provided that all reimbursement payments under SECTION 2.2(A) -------------- shall be made in immediately available funds.
Sample 1
General Interest Accrual; Place of Payment. Except as otherwise provided herein, all payments to the Bank under this Reimbursement Agreement shall be accompanied by interest thereon, from the date such payments become due until they are paid in full, at a fluctuating rate per annum (computed for the actual number of days elapsed, based on a 360-day year) equal to the Default Rate. Each determination by the Bank of a rate of interest hereunder shall be deemed conclusive absent manifest error. Unless the Bank shall otherwise direct, all such payments shall be made by means of wire transfer of funds through the Federal Reserve Wire System to the address set forth in the Notice of Redacted Information or such other address or wiring instructions as the Bank may specify to the City in writing from time to time. The City agrees that it shall wire to the Bank all payments coming due for draws under the Letter of Credit under this Reimbursement Agreement on the date any such payments are due. The Bank shall invoice the City for the Facility Fee and for all other fees and other expenses coming due under this Reimbursement Agreement, provided the failure of the Bank to provide any such invoice shall not relieve the City of its obligations to pay such fees, transaction charges and other expenses.
Sample 1
General Interest Accrual; Place of Payment. Except as otherwise provided in Section 2.02(a) or (b), all payments to the Bank under this Agreement shall be accompanied by interest thereon, from the date such payments become due until they are paid in full, at a fluctuating rate per annum (computed for the actual number of days elapsed, based on a 360-day year) equal to the sum of the Base Rate; provided during the existence of any Event of Default, any amount which is due and payable to the Bank under this Agreement shall thereafter bear interest at a fluctuating rate per annum (computed for the actual number of days elapsed, based on a 360-day year) equal to the Default Rate. All payments by the Borrower to the Bank under this Agreement shall be made in lawful currency of the United States at the Bank at 3rd Floor, Firstside Center, 000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000 Attention: Trade Services Operations, or at such other address and to the attention of such other person as the Bank may stipulate by written notice to the Borrower, or by a wire transfer in immediately available funds from the Borrower to the Bank in accordance with written wire instructions given to the Borrower by the Bank. All reimbursement payments under Section 2.02(a) shall be made in immediately available funds.
Sample 1

Related to General Interest Accrual; Place of Payment

  • Manner and Place of Payment Principal and interest on this Note and other payments in connection with this Note shall be payable at the Holder’s offices as designated above in lawful money of the United States of America in immediately available funds without set-off, deduction or counterclaim. Upon assignment of the interest of Xxxxxx in this Note, Borrower shall instead make its payment pursuant to the assignee’s instructions upon receipt of written notice thereof. Except as set forth herein, this Note may not be prepaid or mandatorily converted without the consent of the Holder.

  • Time and Place of Payments Unless otherwise expressly provided herein, the Borrower shall make all payments pursuant to this agreement or pursuant to any document, instrument or agreement delivered pursuant hereto by deposit to the Designated Account before 12:00 noon (Toronto time) on the day specified for payment and the Administrative Agent shall be entitled to withdraw the amount of any payment due to the Administrative Agent or the Lenders hereunder from such account on the day specified for payment.

  • Place of Payments Company will submit all payments required by this Agreement as follows: (ELECTRONICALLY – PREFERRED METHOD) Via ACH with Remittance Advice to Xxxxxxxxxxx@XxxxxXxxxxxx.xxx or (MAIL DELIVERY) Hillsborough County Aviation Authority Attn: Finance Department Tampa International Airport P. O. Xxx 000000 Xxxx Xxx XX: REV X6306 Xxxxxxx, Xxxxxxx 00000-0000 or (HAND DELIVERY) Hillsborough County Aviation Authority Attn: Finance Department Tampa International Airport 4160 Xxxxxx X. Xxxx Parkway Suite 2400, Administration Building Xxxxx, Xxxxxxx 00000

  • Principal Place of Business The principal place of business of the Company shall be 0000 Xxxxxx Xxxxxxx, Xxxxxxxx Xxxx, Xxxxxx, 00000. The Manager may relocate the principal place of business or establish additional offices from time to time.

  • Exchange Rate; Manner and Place of Payment All payments hereunder shall be payable in United States dollars. With respect to each calendar quarter, whenever conversion of payments from any foreign currency shall be required, such conversion shall be made at the rate of exchange reported in The Wall Street Journal on the last business day of the applicable calendar quarter. All payments owed under this Agreement shall be made by wire transfer to a bank account designated in writing by ABI, unless otherwise specified in writing by ABI.

  • Place of Payment Subject to Section 14.2, payments of principal, Make-Whole Amount, if any, and interest becoming due and payable on the Notes shall be made in New York, New York at the principal office of JPMorgan Chase Bank, N.A. in such jurisdiction. The Company may at any time, by notice to each holder of a Note, change the place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction.

  • Name and Principal Place of Business The name of the Company shall be [NAME OF COMPANY], LLC with a principal place of business located at [PRINCIPAL PLACE OF BUSINESS] or at any other such place of business that the Member(s) shall determine.

  • Place and Application of Payments All payments of principal of and interest on the Loans and the Reimbursement Obligations, and of all other Obligations payable by the Borrower under this Agreement and the other Loan Documents, shall be made by the Borrower to the Administrative Agent by no later than 1:00 p.m. (Chicago time) on the due date thereof at the office of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative Agent may designate to the Borrower), for the benefit of the Lender(s) or L/C Issuer entitled thereto. Any payments received after such time shall be deemed to have been received by the Administrative Agent on the next Business Day. All such payments shall be made in U.S. Dollars, in immediately available funds at the place of payment, in each case without set-off or counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement; provided, that if the Administrative Agent does not distribute such funds to the Lenders on the date the Administrative Agent receives (or is deemed to receive) payment from the Borrower, the Administrative Agent shall promptly thereafter distribute such funds together with interest thereon in respect of each day during the period commencing on the date such payment from the Borrower was received by the Administrative Agent (or the date the Administrative Agent was deemed to receive such payment) and ending on (but excluding) the date the Administrative Agent distributes such funds to the Lenders, at a rate per annum equal to the Federal Funds Rate for each such day. If the Administrative Agent causes amounts to be distributed to the Lenders in reliance upon the assumption that the Borrower will make a scheduled payment and such scheduled payment is not so made, each Lender shall, on demand, repay to the Administrative Agent the amount distributed to such Lender together with interest thereon in respect of each day during the period commencing on the date such amount was distributed to such Lender and ending on (but excluding) the date such Lender repays such amount to the Administrative Agent, at a rate per annum equal to: (i) from the date the distribution was made to the date two (2) Business Days after payment by such Lender is due hereunder, the Federal Funds Rate for each such day and (ii) from the date two (2) Business Days after the date such payment is due from such Lender to the date such payment is made by such Lender, the Base Rate in effect for each such day. Anything contained herein to the contrary notwithstanding (including, without limitation, Section 1.8(b) hereof), all payments and collections received in respect of the Obligations and all payments under or in respect of the Guaranties received, in each instance, by the Administrative Agent or any of the Lenders after acceleration or the final maturity of the Obligations or termination of the Commitments as a result of an Event of Default shall be remitted to the Administrative Agent and distributed as follows: (a) first, to the payment of any outstanding costs and expenses incurred by the Administrative Agent in protecting, preserving or enforcing rights under the Loan Documents, and in any event including all costs and expenses of a character which the Borrower has agreed to pay the Administrative Agent under Section 12.15 hereof (such funds to be retained by the Administrative Agent for its own account unless it has previously been reimbursed for such costs and expenses by the Lenders, in which event such amounts shall be remitted to the Lenders to reimburse them for payments theretofore made to the Administrative Agent); (b) second, to the payment of the Swing Loans, both for principal and accrued but unpaid interest; (c) third, to the payment of any outstanding interest and fees due under the Loan Documents to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof; (d) fourth, to the payment of principal on the Loans, unpaid Reimbursement Obligations, together with amounts to be held by the Administrative Agent as collateral security for any outstanding L/C Obligations pursuant to Section 9.4 hereof (until the Administrative Agent is holding an amount of cash equal to the then outstanding amount of all such L/C Obligations) and any Hedging Liability (other than any Excluded Swap Obligation), the aggregate amount paid to, or held as collateral security for, the Lenders and L/C Issuer and, in the case of Hedging Liability, their Affiliates to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof; (e) fifth, to the payment of all other unpaid Obligations and all other indebtedness, obligations, and liabilities of the Borrower and the Guarantors evidenced by the Loan Documents (including, without limitation, Bank Product Obligations) to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof; and (f) finally, to the Borrower or whoever else may be lawfully entitled thereto.

  • Office of the Delaware Trustee; Principal Place of Business The address of the Delaware Trustee in the State of Delaware is E.A. Delle Donne Corporate Center, Xxxxxxxxxx Bldg., 0000 Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000-0000, or such other address in the State of Delaware as the Delaware Trustee may designate by written notice to the Holders and the Depositor. The principal executive office of the Issuer Trust is in care of KeyCorp, 000 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxx 00000-0000, Attn: Corporate Treasury.

  • Principal Place of Employment The Executive shall be employed at the Company’s offices in New York, NY, except for required travel on the Company’s business to an extent substantially consistent with present business travel obligations of the Executive’s position.

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