Common use of Manner and Method of Payment Clause in Contracts

Manner and Method of Payment. All payments called for in this Promissory Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER shall make the payment on the next succeeding banking day.

Appears in 3 contracts

Samples: Modification Agreement (Ea Engineering Science & Technology Inc), Loan and Security Agreement (Ea Engineering Science & Technology Inc), Loan and Security Agreement (Accom Inc)

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Manner and Method of Payment. All payments called for in this Promissory Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER Maker shall make the payment on the next succeeding last preceding banking day.

Appears in 1 contract

Samples: Promissory Note (Guardian Technologies International Inc)

Manner and Method of Payment. All payments called for in this Promissory ---------------------------- Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER OBLIGOR shall make the payment on the next succeeding banking day.

Appears in 1 contract

Samples: Mutual Termination Agreement (Bradford Bancorp Inc /MD)

Manner and Method of Payment. All payments called for in this Revolving Loan Promissory Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's ’s discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER Borrower shall make the payment on the next succeeding banking day.

Appears in 1 contract

Samples: Credit Agreement (Lecroy Corp)

Manner and Method of Payment. All payments called for in this Promissory Note shall be made in lawful money of the United States of America. If any payment is made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's ’s sole discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should If the due date of any payment date fall falls on a non-banking dayday which is not a Business Day, the BORROWER Borrower shall make the such payment on the next immediately succeeding banking dayBusiness Day.

Appears in 1 contract

Samples: Loan and Security Agreement (Martek Biosciences Corp)

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Manner and Method of Payment. All payments called for in this Promissory Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER OBLIGOR shall make the payment on the next succeeding banking day.

Appears in 1 contract

Samples: Mutual Termination Agreement (Patapsco Bancorp Inc)

Manner and Method of Payment. All payments called for in this Promissory Note shall be made in lawful money of the United States of America. If made by check, draft, or other payment instrument, such check, draft, or other payment instrument shall represent immediately available funds. In the holder's holders discretion, any payment made by a check, draft, or other payment instrument shall not be considered to have been made until such time as the funds represented thereby have been collected by the holder. Should any payment date fall on a non-banking day, the BORROWER BORROWERS shall make the payment on the next succeeding banking day.

Appears in 1 contract

Samples: Promissory Note (Avatech Solutions Inc)

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