Method and Place of Payments. (a) The Borrower undertakes at all times that any Accommodation is outstanding to it or any other amount is owed by it under any Credit Document to maintain at the Administrative Agent’s Payment Branch an account in Cdn. Dollars and an account in U.S. Dollars which the Administrative Agent shall be entitled to debit with such amounts as are from time to time required to be paid by the Borrower under the Credit Documents, as and when such amounts are due, and that each such account will contain sufficient funds for such purpose. Without in any way limiting the rights of the Administrative Agent pursuant to the foregoing, unless otherwise specifically agreed between the Borrower and the Administrative Agent, the Borrower hereby directs the Administrative Agent to debit the aforesaid accounts with such amounts as are from time to time required to be paid by the Borrower pursuant to Article 4 of this Agreement. The foregoing direction by the Borrower shall not prejudice the Borrower’s right to dispute the quantum of such amounts debited by the Administrative Agent.
(b) All payments by the Borrower under a Credit Document (except for payments under the Overdraft Tranche made prior to the Maturity Date for the Operating Credit, which shall be made directly to the Overdraft Lender, unless otherwise expressly provided in such Credit Document), shall be made to the Administrative Agent at the Administrative Agent’s Payment Branch (for the account of the Lenders entitled to such payment) not later than 12:00 noon for value on the date when due, and shall be made in immediately available funds without set-off or counterclaim.
(c) Unless the Borrower notifies the Administrative Agent not later than 12:00 (noon) of the Business Day prior to the date on which any payment is due that the Borrower does not intend to remit such payment, the Administrative Agent shall be entitled to assume that the Borrower has remitted or will remit such payment when so due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, make available to each applicable Lender on such payment date such Lender’s Pro Rata Share under the applicable Tranche or Credit of such assumed payment. If the Borrower does not in fact remit such payment to the Administrative Agent as required by such Credit Document, each applicable Lender shall immediately repay to the Administrative Agent on demand the amount so made available to such Lender, together with interest on...
Method and Place of Payments. (a) Except as otherwise specifically provided herein, all payments under this Agreement (except with respect to principal of, interest on, and other amounts relating to, Advances denominated in Sterling) due from the Borrower shall be made to the Agent for the benefit of the affected Lenders not later than 12:00 p.m. (New York time) on the date when due and shall be made in lawful money of the United States in immediately available funds at the Payment Office. Notwithstanding the foregoing, all payments under this Agreement in respect of Swing Line Loans due from the Borrower shall be made to the Agent for the benefit of the Swing Line Lender not later than 2:00 p.m. (New York time) on the date when due and shall be made in lawful money of the United States in immediately available funds at the Payment Office. All payments with respect to principal of, interest on, and other amounts relating to, Advances denominated in Sterling due from the Borrower shall be made to the Agent for the benefit of the affected Lenders not later than 11:00 p.m. (New York time) on the date when due and shall be made in lawful money of the United Kingdom in immediately available funds at the Payment Office.
(b) Except as specifically provided in Section 2.16(a), all payments (whether of principal, interest, Fees, reimbursements or otherwise) by the Borrower, under this Agreement shall be made without set-off or counterclaim and shall be made free and clear of and without deduction for any present or future tax, levy, impost or any other charge, if any, of any nature whatsoever now or hereafter imposed by any taxing authority. Except as specifically provided in Section 2.16(a), if the making of such payments by the Borrower is prohibited by law unless such a tax, levy, impost or other charge is deducted or withheld therefrom, the Borrower shall pay to the Agent, on the date of each such payment, such additional amounts (without duplication of any amounts required to be paid by the Borrower pursuant to Section 2.14 or Section 3.04) as may be necessary in order that the net amounts received by the Lenders after such deduction or withholding shall equal the amounts which would have been received if such deduction or withholding were not required. The Borrower shall confirm that all applicable taxes, if any, imposed on this Agreement or transactions hereunder shall have been properly and legally paid by it to the appropriate taxing authorities by sending, if available, official tax r...
Method and Place of Payments. Application of Payments; Maker Obligations abso- lute. ���Except as otherwise specifically provided herein, all payments under this Note and the Loan Agreement shall be made to Holder on the date when due and shall be made in lawful money of the United States of America. ���Except as specifically set forth in this Note or the Loan Agreement, all sums payable by Maker under this Note or the Loan Agreement shall be paid without notice, xx- xxxx, counterclaim (other than mandatory counterclaims), setoff, deduction or defense and without abatement, suspension, deferment, diminution or reduction.
Method and Place of Payments. 5.02 Payments on Non-Business Days......................... 5.03
Method and Place of Payments. (1) Each Lender shall transfer for value on each applicable Borrowing Date immediately available Cdn. Dollars in an aggregate amount equal to the amount of any Prime Rate Loan to be made by it on such Borrowing Date and the amount of all BA Discount Proceeds in respect of any Bankers' Acceptance or BA Equivalent Note purchased by it on such Borrowing Date net of the Acceptance Fee payable to such Lender pursuant to Section 3.11, to the Agent's Cdn. Dollar Asset Distribution Suspense Account, Account No. 0921000 xxxnsit 2, Toronto, Canada, and each Lender
Method and Place of Payments. 32 2.11 Pro Rata Advances/Payments................................ 33 2.12 Interest.................................................. 33 2.13
Method and Place of Payments. 22 Section 3.7.Obligations of the Borrower Unconditional. 23 Section 0.0.Xx Abatement. 23
Method and Place of Payments. The Borrower agrees that, so long as any Holder shall hold any Project Note, it will make payments of principal of, interest on and any Yield-Maintenance Amount payable with respect to such Project Note, by wire transfer of immediately available funds for credit (not later than 12:00 noon, New York City local time, on the date due) to (i) such Holder's account or accounts as specified in Schedule I hereto, or (ii) such other account or accounts as such Holder may designate in writing, notwithstanding any contrary provision herein or in any Project Note with respect to the place of payment. Each Holder agrees that, before disposing of any Project Note, such Holder will make a notation thereon (or on a schedule attached thereto) of all principal payments previously made thereon and of the date to which interest thereon has been paid. The Borrower agrees to afford the benefits of this Section 3.6 to any Transferee which shall make the same agreement as each Holder has made in this Section 3.6.
Method and Place of Payments. Both parties recognize and acknowledge that the BUYER will pay the SELLER the prices mentioned in article Seven of this agreement as follows: ● Fifty percent (50%} payment at the moment of placing the order of the product and 50% fifty percent upon delivery to Buyer. Delivery in THE SELLER’s facility in terms of article thirteen of this agreement. ● The payment must be made via wire transfer to a bank account BBVA BANCOMER, in an account designated by THE SELLER. Only after receiving the first payment placing the order, THE SELLER will be obligated to start the productions of the product in terms of the order placed by THE BUYER. If THE BUYER fails to fulfill the obligation of payment as mentioned in this agreement, THE SELLER will not have any obligation to receive any other order set by THE BUYER until payment is made. Once THE SELLER receives the first partial payment, this is 50% of the total invoice, the original shipping documents will be sent by courier to THE BUYER’s address, but the product will not be delivered until the full payment is made.
Method and Place of Payments. The Borrower shall pay to the applicable Noteholders, at the address or attention as each Noteholder may specify in writing, all amounts payable to the Noteholders with respect to the principal of and interest on the applicable Series 2019 Promissory Note, without any presentation of the applicable Series 2019 Notes.
