Manner and Time of Payments Sample Clauses

Manner and Time of Payments. Company shall compute the amount of any payment due to be made by Offshore under this Article IV, and shall provide Offshore with written notification of such computations (together with supporting documentation sufficient to enable Offshore to verify the computation) (collectively, the "Adjustment Notice"). Within twenty (20) days of receipt of the Adjustment Notice, Offshore shall either (i) pay the amount shown as due on the Adjustment Notice, or (ii) notify the Company in writing if it disputes the amount shown as due and pay to Company any amount not in dispute. If Offshore and DeepFlex fail to so notify Company within twenty (20) days, Company's computation of the amount due shall become final. In the case of a dispute, such notice shall contain Offshore's explanation of the dispute, its computation of the amount due and supporting documentation sufficient to enable Company to verify Offshore's computation of the amount due.
Sample 1Sample 2
AutoNDA by SimpleDocs
Manner and Time of Payments. (a) All payments of principal, interest, Take-Out Premium and all other amounts payable hereunder shall be in United States dollars in Federal or other immediately available funds and shall be made not later than 1:00 p.m. (New York time) on the date due to the Lenders at such account of such bank or banks as the Lenders may from time to time designate. Funds received by a Lender after such time shall be deemed to have been paid by the Borrower on the next succeeding Business Day.
Sample 1Sample 2
Manner and Time of Payments. The Borrowers authorize the Bank to charge to the Loan Account or, if funds in the Loan Account are insufficient to satisfy charges authorized hereunder, to any deposit account which the Borrowers may maintain with the Bank, the principal, interest, fees, charges, taxes and expenses provided for in this Agreement or any other document executed or delivered in connection herewith, provided that the Bank shall not be authorized hereunder to charge against any Escrowed Funds (other than Pledged Escrow Proceeds) for any purpose. If any payment required to be made by the Credit Parties to the Bank pursuant to this Agreement becomes due on a day that is not a Business Day such payment may be made on the next succeeding Business Day, and such extension shall be included in computing interest in connection with such payment
Sample 1
Manner and Time of Payments. (a) All payments of principal, interest and all other amounts payable hereunder shall be in Dollars in immediately available funds not later than 11:00 a.m., New York time on the date due, at account number __________ at Citibank N.A., 000 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx, or such other account in the United States as the Lender may designate. Funds received by the Lender after 11:00 a.m., New York time on the date due shall be deemed to have been paid by the Borrower on the next succeeding Business Day. Upon its acceptance of an Assignment Agreement and recording of the information contained therein in the Register pursuant to Section 7.8(c), from and after the effective date specified in such Assignment Agreement, the Borrower will make all payments hereunder in respect of the interest assigned thereby to the Assignee thereunder and the parties to such Assignment Agreement shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.
Sample 1
Manner and Time of Payments. Borrower will make each payment --------------------------- which it owes under the Loan Documents to Lender without defense, set off or counterclaim not later than 11:00 a.m. Oklahoma City time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available funds. If any money of Borrower is on deposit with Lender on the date such payment is due, Borrower hereby instructs Lender, and Lender hereby agrees, as long as no Default or Event of Default has occurred and is continuing, to apply such money, to the extent of the amount owed, to the payment which is due, and to advise Borrower via fax of the amount so applied. Any payment received by Lender after such time will be deemed to have been made on the next following Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day, and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. Each payment under a Loan Document shall be due and payable at Lender's offices at 000 Xxxx X-00 Xxxxxxx Xxxx, Xxxxxxxx Xxxx, Xxxxxxxx 00000.
Sample 1
Manner and Time of Payments. All payments of principal, interest and fees hereunder by Borrower shall be made without defense, setoff or counterclaim and in same day funds and delivered to Administrative Agent not later than 1:00 P.M. (New York time) on the date due at its office located at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx for the account of Lenders; funds received by Administrative Agent after that time shall be deemed to have been paid by Borrower on the next succeeding Business Day. Borrower hereby authorizes Administrative Agent to charge its account with Chase in order to cause timely payment to be made to Administrative Agent of all principal, interest and fees due hereunder (subject to sufficient funds being available in its account for that purpose).
Sample 1
Manner and Time of Payments. 8 5.1 Compensation....................................................8 5.2 Payments........................................................9 5.3
Sample 1
AutoNDA by SimpleDocs
Manner and Time of Payments. All payments and prepayments to be made in respect of principal, interest, the Closing Fee, other fees or other amounts due from Borrower to Lender shall be payable prior to 11:00 a.m., Baltimore, Maryland time, on the date when due without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by Borrower, and without setoff, counterclaim or other deduction of any nature, and an action therefor shall immediately accrue. Such payments shall be made to Lender at its principal office in U.S. Dollars and in immediately available funds. Lender's statement of account, ledger or other relevant record shall, in the absence of manifest error, be conclusive as the statement of the amount of principal of and interest on the Loan and other amounts owing under this Agreement and shall be deemed an “account stated”.
Sample 1
Manner and Time of Payments 
Sample 1Sample 2

Related to Manner and Time of Payments

  • Manner and Time of Payment All payments by Company of principal, interest, fees and other Obligations hereunder and under the Notes shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (New York City time) on the date due at the Funding and Payment Office for the account of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. Company hereby authorizes Administrative Agent to charge its accounts with Administrative Agent in order to cause timely payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose).

  • Time of Payments Any payment that is due on a day that is not a Business Day may be made on the next Business Day but will bear interest until received in full. All payments must be made in funds which are immediately available on the date on which payment is due.

  • Time of Payment Any Gross-Up Payment provided for herein shall be paid not later than the 30th day following the payment of any compensation or the provision of any benefit which causes such payment to be made; provided, however, that if the amount of such payment cannot be finally determined on or before such day, the Company shall pay on such day an estimate of the minimum amount of such payment and shall pay the remainder of such payment (together with interest calculated in a manner similar to that described in Subparagraph (b)) as soon as the amount thereof can be determined. In the event that the amount of an estimated payment exceeds the amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Executive, payable on the 30th day after demand by the Company (together with interest calculated in a manner similar to that described in Subparagraph (b)).

  • Form and Time of Payment of RSUs (a) Payment for the RSUs, after and to the extent they have become nonforfeitable, shall be made in the form of shares of Common Stock. Except as provided in Section 5(b) or 5(c), payment shall be made within 10 days following the date that the RSUs become nonforfeitable pursuant to Section 4 hereof.

  • Manner and Place of Payment Principal and interest on this Note and other payments in connection with this Note shall be payable at the Holder’s offices as designated above in lawful money of the United States of America in immediately available funds without set-off, deduction or counterclaim. Upon assignment of the interest of Xxxxxx in this Note, Borrower shall instead make its payment pursuant to the assignee’s instructions upon receipt of written notice thereof. Except as set forth herein, this Note may not be prepaid or mandatorily converted without the consent of the Holder.

  • Proration of Payments If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary, by application of offset or otherwise, on account of (a) principal of or interest on any Loan, but excluding (i) any payment pursuant to Section 8.7 or 15.6 and (ii) payments of interest on any Affected Loan) or (b) its participation in any Letter of Credit) in excess of its applicable Pro Rata Share of payments and other recoveries obtained by all Lenders on account of principal of and interest on the Loans (or such participation) then held by them, then such Lender shall purchase from the other Lenders such participations in the Loans (or sub-participations in Letters of Credit) held by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery ratably with each of them; provided that if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery.

  • Date of Payment Should the principal of or interest on the Notes become due and payable on other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and in the case of principal, interest shall be payable thereon at the rate per annum specified in the Notes during such extension.

  • Manner of Payments All Rent (whether Periodic Lease Rent, Renewal Lease Rent or Supplemental Lease Rent) shall be paid by the Facility Lessee in lawful currency of the United States of America in immediately available funds to the recipient not later than 11:00 a.m. (New York City time) on the date due. All Rent payable to the Owner Lessor (other than Excepted Payments) shall be paid by the Facility Lessee to the Owner Lessor by payment to the Owner Lessor's Account, or to such other place as the Owner Lessor shall notify the Facility Lessee in writing; provided, however, that so long as the Lien of the Lease Indenture has not been discharged, the Owner Lessor hereby irrevocably directs (it being agreed and understood that such direction shall be deemed to have been revoked after the Lien of the Lease Indenture shall have been fully discharged in accordance with its terms), and the Facility Lessee agrees, that all payments of Rent (other than Excepted Payments) payable to the Owner Lessor shall be paid by wire transfer directly to the Lease Indenture Trustee's Account or to such other place as the Lease Indenture Trustee shall notify the Facility Lessee in writing pursuant to the Lease Indenture. Payments constituting Excepted Payments shall be made to the Person entitled thereto at the address for such Person set forth in the Participation Agreement, or to such other place as such Person shall notify the Facility Lessee in writing.

  • Time and Place of Payments Unless otherwise expressly provided herein, the Borrower shall make all payments pursuant to this agreement or pursuant to any document, instrument or agreement delivered pursuant hereto by deposit to the Designated Account before 12:00 noon (Toronto time) on the day specified for payment and the Administrative Agent shall be entitled to withdraw the amount of any payment due to the Administrative Agent or the Lenders hereunder from such account on the day specified for payment.

Time is Money Join Law Insider Premium to draft better contracts faster.