Common use of Manner and Treatment of Payments Clause in Contracts

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 3 contracts

Samples: Revolving Loan Agreement (Viasat Inc), Revolving Loan Agreement (Viasat Inc), Revolving Loan Agreement (Viasat Inc)

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Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 3 contracts

Samples: Revolving Loan Agreement (Viasat Inc), Term Loan Agreement (Viasat Inc), Term Loan Agreement (Safeskin Corp)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.6, 3.63.7, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders Banks or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. 12:00 noon, California local time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender Bank shall be immediately paid by the Administrative Agent to the applicable Lender Bank in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m.12:00 noon, California local time, on a Banking Day and not so made available to the account of a Lender Bank on that Banking Day, the Administrative Agent shall reimburse that Lender Bank for the cost to such Lender Bank of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 2 contracts

Samples: Day Loan Agreement (MGM Mirage), Day Loan Agreement (MGM Mirage)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.7, 3.63.8, 11.3, 11.11 13.11 and 11.2213.15) or on the Notes or under any other Loan Document shall be made made, without setoff, counterclaim or deduction of any kind, to the Administrative Agent Agent, at the Administrative Agent’s Office Office, for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. a.m., California local time, on the day of payment (which must be a Banking Business Day). All later payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Business Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California local time, on a Banking Business Day and not so made available to the account of a Lender on that Banking Business Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 2 contracts

Samples: Loan Agreement (Mohegan Tribal Gaming Authority), Loan Agreement (Mohegan Tribal Gaming Authority)

Manner and Treatment of Payments. (a) Each payment hereunder (except EXCEPT payments pursuant to Sections 3.5, 3.6, 11.33.7, 11.11 14.3, 14.11 and 11.2214.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 2 contracts

Samples: Term Loan Agreement (Station Casinos Inc), Reducing Revolving Loan Agreement (Station Casinos Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.7, 3.63.8, 11.3, 11.11 and 11.2211.23) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. a.m., California local time, on the day of payment (which must be a Banking Business Day). All payments received after such time, on any Banking Day, these deadlines shall be deemed received on the next succeeding Banking Business Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California local time, on a Banking Business Day and not so made available to the account of a Lender on that Banking Business Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 2 contracts

Samples: Term Loan Agreement (Mandalay Resort Group), Term Loan Agreement (Mandalay Resort Group)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking -39- Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Revolving Loan Agreement (Viasat Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 2.9, 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. a.m., California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Term Loan Agreement (Aztar Corp)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to ------ Sections 3.53.7, 3.63.8, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders Banks or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. 12:00 noon, California local time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender Bank shall be immediately paid by the Administrative Agent to the applicable Lender Bank in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m.12:00 noon, California local time, on a Banking Day and not so made available to the account of a Lender Bank on that Banking Day, the Administrative Agent shall reimburse that Lender Bank for the cost to such Lender Bank of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Day Loan Agreement (MGM Grand Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5------ 3.7, 3.63.8, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders Banks or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. 12:00 noon, California local time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender Bank shall be immediately paid by the Administrative Agent to the applicable Lender Bank in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m.12:00 noon, California local time, on a Banking Day and not so made available to the account of a Lender Bank on that Banking Day, the Administrative Agent shall reimburse that Lender Bank for the cost to such Lender Bank of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Term Loan Agreement (MGM Grand Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately promptly paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Revolving Loan Agreement (Viasat Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to ------ Sections 3.53.7, 3.63.8, 11.3, 11.11 13.11 and 11.2213.15) or on the Notes or under any other Loan Document shall be made made, without setoff, counterclaim or deduction of any kind, to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. a.m., California local time, on the day of payment (which must be a Banking Business Day). All later payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Business Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California local time, on a Banking Business Day and not so made available to the account of a Lender on that Banking Business Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

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Manner and Treatment of Payments. (a) Each payment hereunder (except EXCEPT payments pursuant to Sections 3.53.8, 3.63.9, 11.312.3, 11.11 12.11 and 11.2212.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Managing Agent, at the Administrative Managing Agent’s Office 's Office, for the account of each of the Lenders or the Administrative Managing Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of such payment (which must be a Banking Day)is due. All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Managing Agent for the account of each Lender shall be immediately paid by the Administrative Managing Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Managing Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Managing Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Construction/Term Loan Agreement (Station Casinos Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5------ 3.7, 3.63.8, 11.3, 11.11 13.11 and 11.2213.15) or on the Notes or under any other Loan Document shall be made made, without setoff, counterclaim or deduction of any kind, to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. a.m., California local time, on the day of payment (which must be a Banking Business Day). All later payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Business Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California local time, on a Banking Business Day and not so made available to the account of a Lender on that Banking Business Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Loan Agreement (Mohegan Tribal Gaming Authority)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.312.3, 11.11 12.11 and 11.2212.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. 12:00 p.m. Noon, California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m.12:00 p.m. Noon, California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Revolving Loan Agreement (Resmed Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.3, 3.63.4, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Loan Agreement (Safeskin Corp)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.6, 3.63.7, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (American Coin Merchandising Trust Iv)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.5, 3.6, 11.33.7, 11.11 14.3, 14.11 and 11.2214.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent at the Administrative Agent’s 's Office for the account of each of the Lenders or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. California time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender shall be immediately paid by the Administrative Agent to the applicable Lender in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m., California time, on a Banking Day and not so made available to the account of a Lender on that Banking Day, the Administrative Agent shall reimburse that Lender for the cost to such Lender of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Reducing Revolving and Term Loan Agreement (Station Casinos Inc)

Manner and Treatment of Payments. (a) Each payment hereunder (except payments pursuant to Sections 3.53.7, 3.63.8, 11.3, 11.11 and 11.22) or on the Notes or under any other Loan Document shall be made to the Administrative Agent Agent, at the Administrative Agent’s Office 's Office, for the account of each of the Lenders Banks or the Administrative Agent, as the case may be, in immediately available funds not later than 11:00 a.m. 12:00 noon, California local time, on the day of payment (which must be a Banking Day). All payments received after such time, on any Banking Day, shall be deemed received on the next succeeding Banking Day. The amount of all payments received by the Administrative Agent for the account of each Lender Bank shall be immediately paid by the Administrative Agent to the applicable Lender Bank in immediately available funds and, if such payment was received by the Administrative Agent by 11:00 a.m.12:00 noon, California local time, on a Banking Day and not so made available to the account of a Lender Bank on that Banking Day, the Administrative Agent shall reimburse that Lender Bank for the cost to such Lender Bank of funding the amount of such payment at the Federal Funds Rate. All payments shall be made in lawful money of the United States of America.

Appears in 1 contract

Samples: Day Loan Agreement (MGM Mirage)

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