Common use of General Provisions Regarding Payments Clause in Contracts

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 7 contracts

Samples: Revolving Credit and Guaranty Agreement (Compass, Inc.), Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.), Revolving Credit and Guaranty Agreement (Slack Technologies, Inc.)

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General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 1:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 6 contracts

Samples: Credit and Guaranty Agreement (PLBY Group, Inc.), Credit and Guaranty Agreement (PLBY Group, Inc.), Credit and Guaranty Agreement (PLBY Group, Inc.)

General Provisions Regarding Payments. (a) All payments by the Borrower or any Guarantor of principal, interest, fees and other Revolving Loan Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 1:00 p.m. (New York City time) on the date due at the Administrative Agent's Principal Office for the account of the Administrative Agent for or the account of Lenders; for purposes of computing interest and fees, funds as the case may be. Funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the Borrower or the applicable Guarantor on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Calpine Corp), Credit Agreement (Delta Energy Center, LLC)

General Provisions Regarding Payments. (a) All payments by the Borrower applicable Borrowers of principal, interest, fees and other Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 2:00 p.m. (New York City time) on the date due at to the Principal Office deposit account of the Administrative Agent designated by Administrative Agent for the account of the applicable Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date mayshall, in at the sole discretion option of the Administrative Agent, be deemed to have been paid by the Borrower applicable Borrowers on the next succeeding Business Day.

Appears in 2 contracts

Samples: Governance Agreement (Och-Ziff Capital Management Group LLC), Counterpart Agreement (Och-Ziff Capital Management Group LLC)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent, for the Administrative Agent account of Lenders, not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office via wire transfer of the immediately available funds to an account designated in writing from time to time by Administrative Agent to Borrower for the account of Lenderssuch purpose; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, may (in the sole discretion of the Administrative Agent, ’s sole discretion) be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Lease Agreement (GPB Holdings II, LP)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent Agent, for the account of the Lenders, not later than 11:00 a.m. 3:00 p.m. (New York City time) on the date due at via wire transfer of immediately available funds to the Principal Office of the Administrative Agent for the account of LendersPayment Account; for purposes of computing interest and fees, funds not so received by the Administrative Agent after at or before that time on such due date may, in the sole discretion of the Administrative Agent, shall only be deemed to have been paid received by the Borrower Administrative Agent on the next succeeding Business Day.later of

Appears in 1 contract

Samples: Eighth Amendment Agreement

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, Applicable Premium, fees and other Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Administrative Agent’s Principal Office of the Administrative Agent for the account of Lenders; for the Persons entitled thereto. For purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Security Agreement (Pioneer Energy Services Corp)

General Provisions Regarding Payments. (a) All payments by the a Borrower of principal, interest, fees and other Obligations shall be made in Dollars the currency in immediately available which the obligation being paid is denominated in same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office of designated by the Administrative Agent for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the such Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Zekelman Industries, Inc.)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars or Canadian Dollars, as applicable, in immediately available same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 3:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Intrawest Resorts Holdings, Inc.)

General Provisions Regarding Payments. (a) All i)All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of LendersXxxxxxx; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Compass, Inc.)

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General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars (unless otherwise expressly provided herein) in immediately available same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (TerraForm Power, Inc.)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available fundsSame Day Funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent’s discretion, be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Intercreditor Agreement (Lannett Co Inc)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees (including fees payable pursuant to Section 2.11) and other Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, in the sole discretion of the Administrative Agent, shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Keystone Automotive Operations Inc)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available fundsSame Day Funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 12:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date mayshallmay, in the sole discretion of the Administrative Agent’s discretion, be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lannett Co Inc)

General Provisions Regarding Payments. (a) All payments by the Borrower of principal, interest, fees and other Obligations shall be made in Dollars in immediately available same day funds, without defense, recoupment, setoff set-off or counterclaim, free of any restriction or condition, and delivered to the Administrative Agent not later than 11:00 a.m. 2:00 p.m. (New York City time) on the date due at the Principal Office of the Administrative Agent for the account of the Lenders; for purposes of computing interest and fees, funds received by the Administrative Agent after that time on such due date may, may in the sole discretion of the Administrative Agent, ’s discretion be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Patent Security Agreement (BlueLinx Holdings Inc.)

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