General Interest Accrual; Place of Payment Sample Clauses

General Interest Accrual; Place of Payment. Except as otherwise provided in Sections 2.02(b) and (c), all payments to the Bank under this Agreement (including without limitation all payments becoming due under Sections 2.02(g) and 2.02(h)) 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. 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 000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000, 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; provided that (i) all reimbursement and transaction charge payments under Sections 2.02(a) and 2.02(g) shall be made at the Bank’s office at 000 Xxxxx Xxxxxx, Xxxxxx Xxxxx, X0-XXXX-00-X, 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

  • Delay of Payment when Payment Date is Not a Business Day If the due date for a payment on a Note as provided in this Indenture is not a Business Day, then, notwithstanding anything to the contrary in this Indenture or the Notes, such payment may be made on the immediately following Business Day and no interest will accrue on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “Business Day.”

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Amount and Payment of Special Interest Any Special Interest that accrues on a Note pursuant to Section 7.03(A) will be payable on the same dates and in the same manner as the Stated Interest on such Note and will accrue at a rate per annum equal to one quarter of one percent (0.25%) of the principal amount thereof for the first ninety (90) days on which Special Interest accrues and, thereafter, at a rate per annum equal to one half of one percent (0.50%) of the principal amount thereof; provided, however, that in no event will Special Interest, together with any Additional Interest, accrue on any day on a Note at a combined rate per annum that exceeds one half of one percent (0.50%). For the avoidance of doubt, any Special Interest that accrues on a Note will be in addition to the Stated Interest that accrues on such Note and, subject to the proviso of the immediately preceding sentence, in addition to any Additional Interest that accrues on such Note.

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