Making of Payments and Prepayments. Except as set forth below, all payments and prepayments of principal, fees, interest and any other amounts owed from time to time under this Agreement and under the Notes shall be made to the Agent at the Agent's address specified in Section 10.5 in Dollars and in immediately available funds prior to 2:00 p.m., Chicago time, on the date due. The Agent shall promptly remit to each Bank its share of all such payments received in collected funds by the Agent for the account of such Bank. Borrower hereby irrevocably authorizes the Banks, if and to the extent payment of any installment of principal, interest and/or fees hereunder and/or under the Notes is not made when due, to charge against any of Borrower's accounts with the Banks an amount equal to the amount thereof not paid when due. Any such payment or prepayment which is received by the Agent in Dollars and in immediately available funds after 2:00 p.m., Chicago time, on a Business Day shall be deemed received for all purposes of this Agreement on the next succeeding Business Day except that solely for the purpose of determining whether an Event of Default has occurred, any such payment or prepayment if received by the Agent prior to the close of the Agent's business on a Business Day shall be deemed received on such Business Day. All payments under Section 3.1 and (to the extent they relate to a Change) Section 3.2 shall be made directly to the affected Bank.
Making of Payments and Prepayments. Proration and Setoff 16
Making of Payments and Prepayments. Except as set forth below, all payments and prepayments of principal, facility fees and other fees, interest and any other amounts owed from time to time under this Agreement and under the Revolving Notes shall be made to the Administrative Agent at the Administrative Agent's account at: Bank One, Indiana, NA ABA #074000010 Attn: Note Servicing Re: IPALCX Xxxxxxxises, Inc. or such other account as the Administrative Agent may notify Borrower, in Dollars and in immediately available funds prior to 1:00 P.M., Indianapolis time, on the date due. The Administrative Agent shall promptly remit to each Bank its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank. Borrower hereby irrevocably authorizes the Administrative Agent and the Banks, if and to the extent payment of any installment of principal, interest and/or, fees under this Agreement and under the Revolving Notes is not made when due, to charge against any of Borrower's accounts with the Banks an amount equal to the amount not paid when due. Any such payment or prepayment which is received by the Administrative Agent in Dollars and in immediately available funds after 1:00 P.M., Indianapolis time, on a Banking Day shall be deemed received for all purposes of this Agreement on the next succeeding Banking Day except that solely for the purpose of determining whether an Event of Default has occurred, any such payment or prepayment if received by the Administrative Agent prior to the close of the Administrative Agent's business on a Banking Day shall be deemed received on such Banking Day. All payments under Sections 2.13 or 2.14 of this Agreement shall be made directly to the affected Bank.
Making of Payments and Prepayments. Except as set forth below, all payments and prepayments of principal, fees, interest and any other amounts owed from time to time under this Agreement and under the Notes shall be made to the Administrative Agent at the Administrative Agent's address specified pursuant to Section 10.5 in Dollars and in immediately available funds prior to 2:00 p.m., Chicago time, on the date due. The Administrative Agent shall promptly remit to each Bank its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank. The Borrower hereby irrevocably authorizes the Banks, if and to the extent payment of any principal, interest, Reimbursement Obligations and/or fees hereunder and/or under the other Financing Documents is not made when due, to charge against any of the Borrower's accounts with the Banks an amount equal to the amount thereof not paid when due. Any such payment or prepayment which is received by the Administrative Agent in Dollars and in immediately available funds after 2:00 p.m., Chicago time, on a Business Day shall be deemed received for all purposes of this Agreement on the next succeeding Business Day except that solely for the purpose of determining whether an Event of Default has occurred, any such payment or prepayment if received by the Administrative Agent prior to the close of the Administrative Agent's business on a Business Day shall be deemed received on such Business Day. All payments under Section 3.1 and (to the extent they relate to a Change) Section 3.2 shall be made directly to the affected Bank.
