Common use of Making of Payments Clause in Contracts

Making of Payments. All payments of principal of or interest on the Notes, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Agent in immediately available funds at the office specified by the Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit to each Bank or other holder of a Note its share of all such payments received in collected funds by the Agent for the account of such Bank or holder. All payments under Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 2 contracts

Samples: Credit Agreement (United Road Services Inc), Credit Agreement (Santi Group Inc /Ga)

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Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use commitment fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note applicable Lender its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderLender. All payments under Section 8.1 shall be made by the Company directly to the Bank Lender entitled thereto.

Appears in 2 contracts

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

Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use commitment fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note applicable Lender its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderLender. All payments under Section 8.1 shall be made by the Company directly to the Bank Lender entitled thereto.. 7.2

Appears in 2 contracts

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

Making of Payments. All payments of principal of or interest on the Notes, and of all non-use fees and Letter of Credit fees, Loans shall be made by the Company to the Administrative Agent at its principal office in Chicago in immediately available funds at the office specified by the Agent funds, in Dollars and without set-off, counterclaim or deduction of any kind, not later than noon, Chicago time, noon on the date due; , and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note its share (if any) of all such payments received in collected funds by the Agent for the account of such Bank or holderAdministrative Agent. All payments under Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 2 contracts

Samples: Term Loan Agreement (Regal Beloit Corp), Term Loan Agreement (Regal Beloit Corp)

Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderBank. All payments under Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 2 contracts

Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)

Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent at its principal office in Milwaukee in immediately available funds at the office specified by the Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note its share (if any) of all such payments received in collected funds by the Agent for the account of such Bank or holderAdministrative Agent. All payments under Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

Making of Payments. All payments of principal of or interest on the ------------------ Notes, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Agent in immediately available funds at the office specified by the Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit to each Bank or other holder of a Note its share of all such payments received in collected funds by the Agent for the account of such Bank or holder. All payments under Section 8.1 shall be made by the Company directly to the ----------- Bank entitled thereto.

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use fees and Letter of Credit feesexpenses, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon12:00 p.m., Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note Lender its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderLender. All payments under Section 8.1 shall be made by the Company directly to the Bank Lender entitled theretothereto without setoff, counterclaim or other defense.

Appears in 1 contract

Samples: Credit Agreement (Cellular Dynamics International, Inc.)

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Making of Payments. All payments of principal of or interest on the NotesLoans, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Agent Administrative Agent's Office not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderBank. All payments under Section SECTION 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

Making of Payments. All payments of principal of or interest on the Notes, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon2:00 p.m., Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Subject to Section 2.6, the Administrative Agent shall promptly remit to each Bank or other holder of a Note Lender its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderLender. All payments under Section 8.1 shall be made by the Company directly to the Bank Lender entitled theretothereto without setoff, counterclaim or other defense.

Appears in 1 contract

Samples: Credit Agreement (Continental Materials Corp)

Making of Payments. All payments of principal of or interest on the Notes, and of all non-use fees and Letter of Credit fees, shall be made by the Company Borrowers, on a joint and several basis, to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note Lender its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderLender. All payments under Section 8.1 shall be made by the Company Borrowers, on a joint and several basis, directly to the Bank Lender entitled theretothereto without setoff, counterclaim or other defense.

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Services Holdings, Inc.)

Making of Payments. All payments of principal of or interest on the Notes, and of all non-use fees and Letter of Credit fees, shall be made by the Company to the Administrative Agent in immediately available funds at the office specified by the Administrative Agent not later than noon, Chicago time, on the date due; and funds received after that hour shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit to each Bank or other holder of a Note its share of all such payments received in collected funds by the Administrative Agent for the account of such Bank or holderBank. All payments under Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

Appears in 1 contract

Samples: Credit Agreement (Earthcare Co)

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