Common use of Payment Mechanics Clause in Contracts

Payment Mechanics. 23.1 All payments to be made by the Obligors under any of the Finance Documents shall be governed by the following provisions: 23.1.1 all payments shall be made to the Facility Agent on the due date for such payment into the bank account nominated by the Facility Agent; 23.1.2 all payments shall be made for value by no later than 15h00 on the due date for such payment; and 23.1.3 all payments shall be made in immediately available, freely transferable, cleared funds free and clear of set-off, deduction or counterclaim.

Payment Mechanics. 23.1 22.1 All payments to be made by the Obligors under any of the Finance Documents shall be governed by the following provisions: 23.1.1 22.1.1 all payments shall be made to the Facility Agent on the due date for such payment into the bank account nominated by the Facility Agent; 23.1.2 22.1.2 all payments shall be made for value by no later than 15h00 on the due date for such payment; and 23.1.3 22.1.3 all payments shall be made in immediately available, freely transferable, cleared funds free and clear of set-off, deduction or counterclaim.