Common use of Method of Payments; Computations Clause in Contracts

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IV) in SECTION 2.8 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extension.

Appears in 3 contracts

Samples: Credit Agreement (Province Healthcare Co), Credit Agreement (Province Healthcare Co), Credit Agreement (Province Healthcare Co)

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Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders entitled to such payment or the Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4Section 10.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 Section 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 3 contracts

Samples: Credit Agreement (Hilb Rogal & Hamilton Co /Va/), Credit Agreement (Hilb Rogal & Hamilton Co /Va/), Credit Agreement (Hilb Rogal & Hamilton Co /Va/)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4Section 11.5, prior to 12:00 noon2:00 p.m., Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon2:00 p.m., Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 Section 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 3 contracts

Samples: Credit Agreement (Markel Corp), Credit Agreement (Markel Corp), Credit Agreement (Markel Holdings Inc)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made to the Agent for its own account or directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 2 contracts

Samples: Agreement (Orthalliance Inc), Credit Agreement (Orthalliance Inc)

Method of Payments; Computations. (a) All payments by the Borrower Borrowers hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and Lender or the Lenders) at its office referred to in SECTION 10.4Section 11.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IVSection 2.10(iv) in SECTION 2.8 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 2 contracts

Samples: Credit Agreement (Everest Re Group LTD), Credit Agreement (Everest Re Group LTD)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank Lender and the Lenders) at its office referred to in SECTION 10.4Section 11.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 Section 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 2 contracts

Samples: Credit Agreement (Penn America Group Inc), Credit Agreement (Pxre Group LTD)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4Section 10.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViii) in SECTION 2.8 Section 2.9 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Everest Re Group LTD)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank Lender and the Lenders) at its office referred to in SECTION 10.4Section 11.5, prior to 12:00 noon1:00 p.m., Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 Section 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Ackerley Group Inc)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.411.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions proviso of clause (IViv) in SECTION 2.8 are 2.11 is applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Western National Corp)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViii) in SECTION 2.8 2.9 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Everest Reinsurance Holdings Inc)

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Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank Lender and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Pxre Corp)

Method of Payments; Computations. (a) All payments by the ------------------ Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4Section 10.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions proviso of clause (IViv) in SECTION Section 2.8 are is applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Vesta Insurance Group Inc)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IVSECTION 2.10(IV) in SECTION 2.8 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Method of Payments; Computations. (a) All payments by the Borrower -------------------------------- hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions proviso of clause (IViv) in SECTION 2.8 are is applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Agreement and the Other Documents (Vesta Insurance Group Inc)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.410.5, prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IVSECTION 2.10(iv) in SECTION 2.8 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Method of Payments; Computations. (a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to the Administrative Agent, for the account of the Lenders or the Swingline Lender, as the case may be entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Bank and the Lenders) at its office referred to in SECTION 10.4Section 10.5, prior to 12:00 noon2:00 p.m., Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon2:00 p.m., Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of clause (IViv) in SECTION 2.8 Section 2.10 are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts at the applicable rate in effect immediately prior to such extensionamounts.

Appears in 1 contract

Samples: Credit Agreement (Orion Capital Corp)

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