Notice of Payment; Designation of Payment Applications Sample Clauses

Notice of Payment; Designation of Payment Applications. The Borrower shall have the right at any time and from time to time to prepay its outstanding Loans, in whole or in part; provided that the Borrower shall deliver to the Administrative Agent a Notice of Payment with respect to each of the Borrower's prepayments prior to 1:30 p.m. (New York City time) on the day of each such proposed prepayment; and provided further, that each partial prepayment of any Loan shall be in an aggregate principal amount of $100,000 or any multiple of $50,000 in excess thereof. Notwithstanding anything to the contrary contained in Section 2.8(e), the Borrower shall designate in the Notice of Payment delivered in connection with any proposed prepayment whether such prepayment is of Tranche A Loans, Tranche B Loans or Swing-Line Loans.
Sample 1
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Notice of Payment; Designation of Payment Applications. The Borrower shall have the right at any time and from time to time to prepay its outstanding Loans, in whole or in part; provided that the Borrower shall deliver to the Administrative Agent a Notice of Payment with respect to each of the Borrower's prepayments prior to 1:30 p.m. (New York City time) on the day of each such proposed prepayment; and provided further, that each partial prepayment of any Loan shall be in an aggregate principal amount of $100,000 or any multiple of $50,000 in excess thereof. The Borrower shall designate in the Notice of Payment delivered in connection with any proposed prepayment whether such prepayment is of Tranche A Loans, Tranche B Loans, Tranche C Loans or Tranche D Loans.
Sample 1

Related to Notice of Payment; Designation of Payment Applications

  • Application of Payment The monthly housing assistance payment shall be credited against the monthly rent to owner for the contract unit.

  • Confirmation of Payment The Administrative Agent and the Lenders will, upon request after payment of the Credit Party Obligations which are the subject of this Guaranty and termination of the Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and obligations have been paid and the Commitments relating thereto terminated, subject to the provisions of Section 10.2.

  • Manner of Payment All payments due under this Agreement shall be in lawful money of the United States of America in immediately available funds as each party hereto may specify to the other parties; provided, that in the event the Receiver or the Corporation is obligated to make any payment hereunder in the amount of $25,000.00 or less, such payment may be made by check.

  • Application of Payments Landlord shall have the right to apply payments received from Tenant pursuant to this Lease, regardless of Tenant’s designation of such payments, to satisfy any obligations of Tenant hereunder, in such order and amounts as Landlord, in its sole discretion, may elect.

  • Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby;

  • Terms of Payment 16.1 The Supplier shall request for payment by submitting invoice(s), delivery note(s) and any other relevant documents as specified in the SCC to the Procuring Entity. 16.2 Payments shall be made promptly by the Procuring Entity, but not later than thirty (30) days after submission of an invoice by the Supplier, and after the Procuring Entity has accepted it.

  • Notation of Payment Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by granting participations therein), that Lender will make a notation thereon of all Loans evidenced by that Note and all principal payments previously made thereon and of the date to which interest thereon has been paid; provided that the failure to make (or any error in the making of) a notation of any Loan made under such Note shall not limit or otherwise affect the obligations of Company hereunder or under such Note with respect to any Loan or any payments of principal or interest on such Note.

  • Form of Payment On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

  • Termination of Payment Fund Any portion of the Payment Fund that remains undistributed to the holders of Certificates and Book Entry Shares for twelve months after the Effective Time shall be delivered by the Paying Agent to the Parent, upon demand, and any holder of a Certificate or Book Entry Shares who has not theretofore complied with this Article II shall thereafter look only to the Parent for payment of the Merger Consideration, but shall have no greater rights against the Parent than may be accorded to general unsecured creditors of the Parent under applicable law.

  • Form of Payments All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

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