Common use of General Provisions Regarding Payment Clause in Contracts

General Provisions Regarding Payment. A. If more than one Note is outstanding, all payments on the Notes shall be applied to the Notes pro rata based on the principal amounts outstanding. B. All payments of principal and interest and other amounts due hereunder and under the Notes shall be in same day funds and delivered to Note Holders not later than 12:00 p.m. (noon) (New York time) on the date due (without setoff or counterclaim) in lawful money of the United States of America in immediately available funds through wire transfer to the account of the applicable Note Holder as set forth on Schedule 3.6B opposite the name of such Note Holder or at such other place in the United States as shall be designated in writing by such Note Holder to Issuer (such payment instructions the “Note Holder Payment Instructions”). At the time of payment, written confirmation of such payment shall be sent to the applicable Note Holder by telecopy at the number set forth in Note Holder Payment Instructions indicating the principal and interest paid and a wire transfer identification number. Funds received by Note Holders after that time shall be deemed to have been paid on the next succeeding Business Day. Whenever any payment to be made hereunder or under the Notes shall be stated to be due on a day that is not a Business Day, the payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of the payment of interest and fees (if applicable) hereunder or under the Notes.

Appears in 2 contracts

Samples: Note Purchase Agreement (Nevada Geothermal Power Inc), Note Purchase Agreement (Nevada Geothermal Power Inc)

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General Provisions Regarding Payment. A. If more than one Note is outstanding, all payments any payment on the Notes shall be applied to each Note in the Notes pro rata based on proportion that its principal amount outstanding bears to the aggregate of the principal amounts outstanding. B. outstanding of all the Notes. All payments of principal and interest and other amounts due hereunder and under the Notes shall be in same day funds and delivered to Note Holders Holder not later than 12:00 p.m. (noon) (New York time) on the date due (without setoff or counterclaim) in lawful money of the United States of America in immediately available funds through wire transfer to the account of the applicable Note Holder as set forth on Schedule 3.6B 3.6 opposite the name of such Note Holder or at such other place in the United States as shall be designated in writing by such Note Holder to Issuer (such payment instructions the “Note Holder Payment Instructions”). At the time of payment, written confirmation of such payment shall be sent to the applicable Note Holder by telecopy at the number set forth in Note Holder Payment Instructions indicating the principal and interest paid and a wire transfer identification number. Funds received by Note Holders Holder after that time shall be deemed to have been paid on the next succeeding Business Day. Whenever any payment to be made hereunder or under the Notes Note shall be stated to be due on a day that is not a Business Day, the payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of the payment of interest and fees (if applicable) hereunder or under the NotesNote.

Appears in 1 contract

Samples: Note Purchase Agreement (Ormat Technologies, Inc.)

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General Provisions Regarding Payment. A. (a) If more than one Note is outstanding, all payments on the Notes Note(s) shall be applied to the Notes Note(s) pro rata based on the principal amounts outstanding. B. (b) All payments of principal and interest and other amounts due hereunder and under the Notes Note shall be in same day funds and delivered to Note Holders not later than 12:00 p.m. (noon) (New York time) on the date due (without setoff or counterclaim) in lawful money of the United States of America in immediately available funds through wire transfer to the account of the applicable Note Holder as set forth on Schedule 3.6B 3.6 opposite the name of such Note Holder or at such other place in the United States as shall be designated in writing by such Note Holder to Issuer (such payment instructions the “Note Holder Payment Instructions”). At the time of payment, written confirmation of such payment shall be sent to the applicable Note Holder by telecopy or .pdf at the number or email address set forth for the Note Holder in the Note Holder Payment Instructions indicating the principal and interest paid and a wire transfer identification number. Funds received by any Note Holders Holder after that time shall be deemed to have been paid on the next succeeding Business Day. Whenever any payment to be made hereunder or under the Notes Note(s) shall be stated to be due on a day that which is not a Business Day, the payment shall be due and made on the next succeeding Business Day, Day and such extension of time shall be included in the computation of the payment of interest and fees (if applicable) hereunder or under the NotesNote(s).

Appears in 1 contract

Samples: Note Purchase Agreement (Clean Energy Fuels Corp.)

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