Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of L/C Disbursements, or under Section 2.13, 2.14 or 2.23, or otherwise) or under any other Loan Document (except to the extent otherwise provided therein) prior to 1:00 p.m., New York time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Agent at the Agent’s Account, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to an Issuing Lender as expressly provided herein and payments pursuant to Sections 2.13, 2.14, 2.23 and 8.2, which shall be made directly to the Persons entitled thereto. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment due hereunder by making, or causing to be made in Dollars in immediately available funds, the amount thereof available to Agent’s Account, not later than noon (Pacific Time), on the date of payment, for the account of the Lender Group. If Borrower fails to make any such payment in Dollars in immediately available funds when due, Borrower hereby authorizes Agent to charge such interest, Letter of Credit Fees, and all other fees and expenses provided for in this Agreement or the other Loan Documents (as and when payable hereunder or under the other Loan Documents), to Borrower’s Loan Account as an Advance, and if such amounts are charged to Borrower’s Loan Account as a an Advance, such amounts thereafter shall accrue interest at the rate then applicable to Base Rate Loans hereunder.
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment due hereunder by making, or causing to be made, the amount thereof available to Agent’s Account in Los Angeles, California, not later than noon Pacific Time, on the date of payment. In lieu thereof, Borrower hereby authorizes Agent to, and Agent shall, charge such interest, the Letter of Credit Fee, and all other fees and expenses provided for in this Agreement or the other Loan Documents (as and when accrued or incurred), to Borrower’s Loan Account, which amounts thereafter shall accrue interest at the rate then applicable to Base Rate Loans hereunder.
Interest Rates; Payment of Principal and Interest. (a) The Borrowers shall make each payment due hereunder by making, or causing to be made, the amount thereof available to Agent’s Account, not later than 1:00 p.m. (Pacific Time) on the date of payment, for the account of the Lender Group. The Borrowers hereby authorize Agent, if not paid to Agent in immediately available funds within two (2) Business Days of the date when such payment was due, to obtain quarterly payments in respect of such interest provided for in this Agreement or the other Loan Documents (as and when payable hereunder or under the other Loan Documents) by debiting the Distribution Account in an amount equal to the amount thereof. If the Borrowers fail to make any such payment when due, each Borrower hereby authorizes and directs Agent to charge such interest, Letters of Credit Fees, and all other fees, expenses, and other Lender Group Expenses provided for in this Agreement or the other Loan Documents (as and when payable hereunder or under the other Loan Documents), to the Borrowers’ Loan Account as a Loan, and if such amounts are charged to the Borrowers’ Loan Account as a Loan, such amounts thereafter shall accrue interest at the rate then applicable to Base Rate Loans hereunder.
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment due hereunder by making, or causing to be made in Dollars in immediately available funds, the amount thereof available to Agent’s Account, not later than 1:00 p.m. (Eastern Time), on the date of payment, for the account of the Lender Group. All payments received by the Administrative Agent after 1:00 p.m. (Eastern Time), may be deemed received on the next Business Day (in the Administrative Agent’s sole discretion) and any applicable interest shall continue to accrue.
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment due hereunder by making, or causing to be made, the amount thereof available to Lender’s account maintained with Lender in Los Angeles, California, not later than noon Pacific Time, on the date of payment. In lieu thereof, Borrower hereby authorizes Lender to, and Lender shall, charge such interest, the Letter of Credit Fee, and all other fees and expenses provided for in this Agreement or the other Loan Documents (as and when accrued or incurred), to Borrower’s Loan Account, which amounts thereafter shall accrue interest at the rate then applicable to Base Rate Loans hereunder.
Interest Rates; Payment of Principal and Interest. (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or under Section 2.12, 2.13 or 2.19, or otherwise) or under any other Loan Document (except to the extent otherwise provided therein) prior to 2:00 p.m., New York time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day, and, in the case of payments of principal or interest with respect to LIBOR Rate Loans, on the next succeeding Eurodollar Business Day, for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Administrative Agent’s Account, except as otherwise expressly provided in the relevant Loan Document and payments pursuant to Sections 2.12, 2.13, 2.19 and 8.2, which shall be made directly to the Persons entitled thereto. If any payment hereunder shall be due on a day that is not a Business Day or, in the case of a payment of principal or interest with respect to a LIBOR Rate Loan, on a day that is not a Eurodollar Business Day, the date for payment shall be extended to the next succeeding Business Day or Eurodollar Business Day, as the case may be, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.
Interest Rates; Payment of Principal and Interest. (a) (i) The obligation of Borrower to repay all of the Loans made under Revolving Credit Facility shall be evidenced by the Notes.
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment due hereunder by making, or causing to be made in Dollars in immediately available funds, the amount thereof available to Agent’s Account, not later than 1:00 p.m. (Eastern Time), on the date of payment, for the account of the Lender Group. All payments received by the Administrative Agent after 1:00 p.m. (Eastern Time), may be deemed received on the next Business Day (in the Administrative Agent’s sole discretion) and any applicable interest shall continue to accrue. (i) Unless the Administrative Agent receives notice from Borrower prior to the date on which any payment is due to the Lenders that the Borrower will not make such payment in full in Dollars in immediately available funds as and when required, the
Interest Rates; Payment of Principal and Interest. (a) Borrower shall make each payment hereunder to Administrative Agent, for the account of each Lender, in immediately available Dollars at Administrative Agent's office located at 420 Xxxxxxxxxx Xxxxxx, San Francisco, California 94163 (or at such other office of Administrative Agent as may be designated, from time to time, by Administrative Agent) not later than 10:00 a.m., California time, on the date of payment (except in the case of (i) costs reimbursed pursuant to Sections 2.14 and 2.16, and (ii) interest paid in respect of a Eurodollar Rate Borrowing as to which any Lender (but not all Lenders) shall have requested and received prepayment of a Eurodollar Rate Loan and made a Base Rate Loan in a principal amount equal to the principal amount thereof pursuant to clause (i) of Section 2.15(a) or 2.17, the payment of such costs and interest being made by Borrower directly to the Lender or Lenders claiming same). Administrative Agent shall, on either the Business Day which is the day on which Administrative Agent receives a payment from Borrower if Administrative Agent shall have received such payment from Borrower by 10:00 a.m., California time, or on the next Business Day following the Business Day on which Administrative Agent receives a payment from Borrower if such payment is received after 10:00 a.m., California time, initiate payment to each Lender of its ratable share (according to its Commitment Percentage) of the Loans repaid. If Administrative Agent shall initiate such payment to a Lender later than on the Business Day above provided, then Administrative Agent shall pay to such Lender, in addition to its ratable share (according to its Commitment Percentage) of the Loans repaid, interest on such amount, until payment is initiated, at the Federal Funds Rate.
