Common use of Method and Amount of Payment Clause in Contracts

Method and Amount of Payment. As long as any obligations remain outstanding under the Loan Agreement, Basic Rent and Supplemental Rent shall be paid to Agent (or, in the case of Supplemental Rent, to such Person as may be entitled thereto) on the due date therefor at such place as Agent shall specify in writing to Lessee at least two (2) Business Days prior to the due date therefor. Agent, on behalf of Lessor, shall notify Lessee of the applicable LIBO Rate or Prime Rate, as applicable, promptly upon the determination thereof. Each payment of Rent shall be made by Lessee prior to 12:00 noon Philadelphia time (and payments made after such time shall be deemed to have been made on the next day) at the place of payment in funds consisting of lawful currency of the United States of America which (in the case of any amount payable to Lessor, Agent or any Lender) shall be immediately available on the scheduled date when such payment shall be due, unless the scheduled date shall not be a Business Day, in which case such payment shall be made on the next succeeding Business Day (unless the result of such extension would be to carry such payment into the next calendar month, in which event such payment shall be made on the next preceding Business Day). The provisions of the foregoing sentence of this Section 4.3 shall be applicable only to Basic Rent and to Supplemental Rent payable to, or on behalf of or for the account of, Lessor, any Lender, Agent and any other Indemnitee. Any amounts payable by Lessee to Lessor hereunder shall be payable in accordance with Section 9.16 of the Participation Agreement.

Method and Amount of Payment. As long as any obligations remain outstanding under the Loan Agreement, Basic Rent and Supplemental Rent shall be paid by wire transfer by the Lessee to Agent the Lessor (or, in the case of Supplemental Rent, to such Person as may be entitled thereto) on the due date therefor at such place as Agent the Lessor (or such other Person) shall specify in writing to the Lessee at least two (2) Business Days prior pursuant to Schedule II to the due date therefor. AgentParticipation Agreement; provided, on behalf of Lessorhowever, shall notify that, so long as any Rent Assignee retains a Rent Assignment Interest, the Lessor directs the Lessee to pay Basic Rent to the Administrative Agent for the benefit of the applicable LIBO Rate or Prime Rate, as applicable, promptly upon Participants in accordance with Section 2.7 of the determination thereofParticipation Agreement. Each payment of Rent shall be made by the Lessee prior to 12:00 noon Philadelphia 2:00 P.M. New York time (and payments made after such time shall be deemed to have been made on the next day) at the place of payment in funds consisting of lawful currency of the United States of America Dollars which (in the case of any amount payable to Lessor, Agent any Participant or any Lenderother Indemnitee) shall be immediately available on the scheduled date when such payment shall be duedue unless, unless with respect to Supplemental Rent, the scheduled date shall not be a Business Day, in which case such payment shall be due and made on the next succeeding Business Day (unless the result of such extension would be to carry such payment into the next calendar month, in which event such payment shall be made on the next preceding Business Day). The provisions of the foregoing sentence of this Section 4.3 shall be applicable only to Basic Rent and to Supplemental Rent payable to, or on behalf of or for the account of, Lessor, any Lender, Agent of the Lessor and any other Indemnitee. Any amounts payable by Lessee to Lessor hereunder shall be payable in accordance with Section 9.16 of the Participation Agreement.

Method and Amount of Payment. As long as any obligations remain outstanding under the Loan Agreement, ​ Basic Rent and Supplemental Rent shall be paid by wire transfer by the Lessee to Agent the Lessor (or, in the case of Supplemental Rent, to such Person as may be entitled thereto) on the due date therefor at such place as Agent the Lessor (or such other Person) shall specify in writing to the Lessee at least two (2) Business Days prior pursuant to Schedule II to the due date therefor. AgentParticipation Agreement; provided, on behalf of Lessorhowever, shall notify that, so long as any Rent Assignee retains a Rent Assignment Interest, the Lessor directs the Lessee to pay Basic Rent to the Administrative Agent for the benefit of the applicable LIBO Rate or Prime Rate, as applicable, promptly upon Participants in accordance with Section 2.7 of the determination thereofParticipation Agreement. Each payment of Rent shall be made by the Lessee prior to 12:00 noon Philadelphia 2:00 P.M. New York time (and payments made after such time shall be deemed to have been made on the next day) at the place of payment in funds consisting of lawful currency of the United States of America Dollars which (in the case of any amount payable to Lessor, Agent any Participant or any Lenderother Indemnitee) shall be immediately available on the scheduled date when such payment shall be duedue unless, unless with respect to Supplemental Rent, the scheduled date shall not be a Business Day, in which case such payment shall be due and made on the next succeeding Business Day (unless the result of such extension would be to carry such payment into the next calendar month, in which event such payment shall be made on the next preceding Business Day). The provisions of the foregoing sentence of this Section 4.3 shall be applicable only to Basic Rent and to Supplemental Rent payable to, or on behalf of or for the account of, Lessor, any Lender, Agent of the Lessor and any other Indemnitee. Any amounts payable by Lessee to Lessor hereunder shall be payable in accordance with Section 9.16 of the Participation Agreement.​