Common use of Payment of Obligations; Method and Place of Payment Clause in Contracts

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party hereunder and under each other Credit Document are not subject to counterclaim, set-off, right of rescission, recoupment or deduction of any kind. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowers, without counterclaim, set-off, right of rescission, recoupment or deduction of any kind, to Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to Administrative Agent. Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by Administrative Agent prior to 5:00 p.m. on such day) like funds relating to the payment of principal or interest or fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party hereunder and under each other Credit Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction of any kindother defense. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowersthe Borrower, without counterclaim, set-off, right rights of rescission, recoupment counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 12:00 p.m. EST on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 5:00 12:00 p.m. EST, on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party hereunder and under each other Credit Document are not subject to counterclaim, set-off, right of rescission, recoupment or deduction of any kind. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowers, without counterclaim, set-off, right of rescission, recoupment or deduction of any kind, to Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to Administrative Agent. Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by Administrative Agent prior to 5:00 p.m. on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party Party, Opco Mortgagor and, Pledgor and Vireo Guarantor hereunder and under each other Credit Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction of any kindother defense. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowersthe Borrower, without counterclaim, set-off, right rights of rescission, recoupment counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 5:00 p.m. p.m., on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party Party, Opco Mortgagor and, Xxxxxxx and Vireo Guarantor hereunder and under each other Credit Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction of any kindother defense. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowersthe Borrower, without counterclaim, set-off, right rights of rescission, recoupment counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 5:00 p.m. p.m., on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Loan Party hereunder and under each other Credit Loan Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction any other defense of any kindkind whatesoever. Subject to Section 4.03(b)4.04, and except as otherwise specifically provided herein, all payments under any Credit Loan Document shall be made by Borrowersthe Borrower, without counterclaim, set-off, right rights of rescission, recoupment or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 1:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed (on the same day (day, if payment was actually received by the Administrative Agent prior to 5:00 p.m. on such day1:00 p.m.) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party hereunder and under each other Credit Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction of any kindother defense. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by Borrowers, without counterclaim, set-off, right rights of rescission, recoupment counterclaim or deduction of any kind, to Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to Administrative Agent. Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by Administrative Agent prior to 5:00 p.m. p.m., on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.

Payment of Obligations; Method and Place of Payment. (a) The obligations of each Credit Party and Individual Guarantor hereunder and under each other Credit Document are not subject to counterclaim, set-off, right rights of rescission, recoupment or deduction of any kindother defense. Subject to Section 4.03(b), and except as otherwise specifically provided herein, all payments under any Credit Document shall be made by BorrowersBorrower, without counterclaim, set-off, right rights of rescission, recoupment counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured Parties entitled thereto, not later than 5:00 p.m. on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 5:00 p.m. p.m., on such day) like funds relating to the payment of principal or interest or fees Fees ratably to the Secured Parties entitled thereto.