Common use of General Payment Provisions Clause in Contracts

General Payment Provisions. All payments of Obligations shall be made without offset, counterclaim or defense of any kind, free of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105

Appears in 2 contracts

Samples: Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

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General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free of (and without deduction for) any TaxesTaxes (except as required by Applicable Law), and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents Any prepayment of Loans shall be stated applied first to be due on a day other than a Business DayBase Rate Loans, the due date shall be extended then to the next Business Day and such extension of time shall be included in any 105LIBOR Index Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Flat Rock Capital Corp.), Loan and Security Agreement (KCAP Financial, Inc.)

General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon 1:00 p.m. on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105.

Appears in 2 contracts

Samples: Loan and Security Agreement (SWK Holdings Corp), Loan and Security Agreement (SWK Holdings Corp)

General Payment Provisions. All Unless otherwise stated herein, all payments of Obligations shall be made without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxestaxes or other amounts, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105.

Appears in 1 contract

Samples: Loan Agreement (Audioeye Inc)

General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any TaxesTaxes except as required by Applicable Law, and in immediately available funds, not later than 12:00 noon PT on the due date. Any payment after such time shall be deemed made on the next Business Day. If any Any payment under of a LIBOR Loan prior to the Loan Documents end of its Interest Period shall be stated to be accompanied by all amounts due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105under Section 3.9.

Appears in 1 contract

Samples: Loan and Security Agreement (Calix, Inc)

General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under Lender shall have the Loan Documents shall be stated continuing, exclusive right to be due on a day other than a Business Dayapply and reapply payments and proceeds of Collateral against Obligations, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105at Xxxxxx’s discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (HOOKER FURNISHINGS Corp)

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General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free of (and without deduction for) any TaxesTaxes (except as required by Applicable Law), and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105.

Appears in 1 contract

Samples: Loan and Security Agreement (Flat Rock Core Income Fund)

General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxes, except as required by Applicable Law, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under the Loan Documents Payments shall be stated to be due on a day other than a Business Day, the due date shall be extended to the next Business Day and such extension of time shall be included applied in any 105accordance with Section 5.6.

Appears in 1 contract

Samples: Loan and Security Agreement (NewLake Capital Partners, Inc.)

General Payment Provisions. All payments of Obligations shall be made in Dollars, without offset, counterclaim or defense of any kind, free and clear of (and without deduction for) any Taxes, and in immediately available funds, not later than 12:00 noon on the due date. Any payment after such time shall be deemed made on the next Business Day. If any payment under Agent shall have the Loan Documents shall be stated continuing, exclusive right to be due on a day other than a Business Dayapply and reapply payments and proceeds of Collateral against the Obligations, the due date shall be extended to the next Business Day and such extension of time shall be included in any 105at Agent’s discretion.

Appears in 1 contract

Samples: Loan Agreement (Key Tronic Corp)

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