Common use of General Provisions as to Payments Clause in Contracts

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 5 contracts

Samples: Credit Agreement (National Vision Associates LTD), Credit Agreement (Trion Inc), Credit Agreement (Flowers Industries Inc /Ga)

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General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.0110.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 4 contracts

Samples: Reimbursement Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of commitment fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 3 contracts

Samples: Credit Agreement (Outback Steakhouse Inc), Credit Agreement (Ryans Family Steakhouses Inc), Credit Agreement (Blessings Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 3 contracts

Samples: Credit Agreement (Hancock Fabrics Inc), Credit Agreement (Woodward Governor Co), Credit Agreement (Consolidated Papers Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 3 contracts

Samples: Credit Agreement (Springs Industries Inc), Credit Agreement (Gables Residential Trust), Credit Agreement (Springs Industries Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Bank's Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgiaat the place where payment is due, to the Agent Bank at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by set forth on the Agent for the account of the Bankssignature pages hereof.

Appears in 2 contracts

Samples: Credit Agreement (Atlantic American Corp), Credit Agreement (Atlantic American Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks, and to Wachovia such payment received by the Agent on account of the Swing Loans.

Appears in 2 contracts

Samples: Credit Agreement (Amli Residential Properties Trust), Credit Agreement (Amli Residential Properties Trust)

General Provisions as to Payments. (a) The Borrower Borrowers shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) of this Section with respect to Syndicated Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 2 contracts

Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of Unutilized Commitment Fees and other fees due hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.0111.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 2 contracts

Samples: Syndicated Credit Agreement (Winston Hotels Inc), Syndicated Credit Agreement (Winston Hotels Inc)

General Provisions as to Payments. (a) The Borrower a)The Borrowers shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) of this Section with respect to Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of unused fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) below with respect to Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to Wachovia each such payment received by the Agent on account of the Swing Loans, and to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Guilford Mills Inc)

General Provisions as to Payments. (a) The Borrower --------------------------------- shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (JDN Realty Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) below with respect to Foreign Currency Loans and Finnish Markka Loans) immediately available in Atlanta, Georgia, Georgia to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (McWhorter Technologies Inc /De/)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans Advances and of facility fees and other fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Liberty Corp)

General Provisions as to Payments. (a) The Borrower Borrowers shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (National Service Industries Inc)

General Provisions as to Payments. (a) The Borrower Borrowers shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) of this Section with respect to Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Franklin Electric Co Inc)

General Provisions as to Payments. (a1) The Borrower shall make each payment of principal of, and interest on, the Loans and of commitment fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Carmike Cinemas Inc)

General Provisions as to Payments. (a) The Borrower Lessor shall make each payment of principal of, and interest on, the Loans Reimbursement Obligations and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank Lender its ratable share of each such payment received by the Agent for the account of the BanksLenders.

Appears in 1 contract

Samples: Reimbursement Agreement (Helmstar Group Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Term Loans and Revolving Credit Loans and of facility and unused fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Term Loans and Revolving Credit Loans and of facility fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01, and any such payment to the Agent in accordance with this Section 2.12 shall satisfy in full the Borrower's obligation to make such payment hereunder and under the Notes. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of all fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (La-Z-Boy Inc)

General Provisions as to Payments. (a) The Borrower Borrowers shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.0110.01. The Agent will promptly distribute to Wachovia each such payment received by the Agent on account of the Swing Loans and to each AT: 1030545v10 Bank its ratable share of each such payment of Syndicated Loans or fees received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Sed International Holdings Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. 12:00 noon (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Kemet Corporation)

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General Provisions as to Payments. (ai) The Borrower shall make each payment of principal of, and interest on, the Loans Term Loan and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent Lender at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banksherein.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Xpress Enterprises Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of Commitment Fees and other fees due hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Winston Hotels Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of facility fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) of this Section with respect to Syndicated Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Valspar Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of commitment fees hereunder, not later than 11:00 A.M. a.m. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Darden Restaurants Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without any setoff, counterclaim or any deduction whatsoever, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank Lender its ratable share of each such payment received by the Administrative Agent for the account of the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Airborne Freight Corp /De/)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, without any setoff, counterclaim or any deduction whatsoever, not later than 11:00 A.M. a.m. (Atlanta, Georgia Eastern time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, Georgia to the Administrative Agent at its address referred to in Section 9.0112.01. The Administrative Agent will promptly distribute to each Bank Lender its ratable share of each such payment received by the Administrative Agent for the account of the BanksLenders.

Appears in 1 contract

Samples: Credit Agreement (Avocent Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of commitment fees hereunder, not later than 11:00 A.M. a.m. (Atlanta, Georgia time) without setoff, counterclaim or other deduction on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Scana Corp)

General Provisions as to Payments. (a) The Borrower --------------------------------- shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) below with respect to Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

General Provisions as to Payments. (a) The Borrower Borrowers shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.0110.01. The Agent will promptly distribute to Wachovia each such payment received by the Agent on account of the Swing Loans and to each Bank its ratable share of each such payment of Syndicated Loans or fees received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Southern Electronics Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Term Loans, Swing Line Loans and Revolving Credit Loans and of commitment fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01, and any such payment to the Agent in accordance with this Section 2.11 shall satisfy in full the Borrower's obligation to make such payment hereunder and under the Notes. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Cadmus Communications Corp/New)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. 1:00 P.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly (and in any event within one Domestic Business Day following its receipt of same) distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Loewen Group Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, on the Loans and of unused fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Meredith Corp)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to Wachovia each such payment received on account of the Swing Loans and to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Flowers Industries Inc /Ga)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds (subject to paragraph (c) below with respect to Foreign Currency Loans) immediately available in Atlanta, Georgia, to the Agent at its address referred to in Section 9.01. The Agent will promptly distribute to each Bank its ratable share of each such payment received by the Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

General Provisions as to Payments. (a) The Borrower shall make each payment of principal of, and interest on, the Loans and of fees hereunder, not later than 11:00 A.M. (Atlanta, Georgia time) on the date when due, in Federal or other funds immediately available in Atlanta, Georgia, to the Administrative Agent at its address referred to in Section 9.0110.01. The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

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