Payment Requirement Sample Clauses

Payment Requirement. Unless expressly provided to the contrary elsewhere herein, Borrower shall make each payment on the Loan Obligations to Administrative Agent for the account of Lenders as required under the Loan Documents at the Applicable Lending Office of the Administrative Agent on the date when due, without deduction, setoff or counterclaim. All such payments will be distributed by Administrative Agent to Lenders as provided in Section 16.10 for application to the Loan Obligations as provided herein.

Payment Requirement. Unless expressly provided to the contrary elsewhere herein, Reseller shall make each payment on the Loan Obligations to Administrative Agents for the account of Lenders (based on each Lender’s Pro-Rata Share) as required under the Loan Documents at the Applicable Lending Office of Administrative Agents on the date when due, without deduction, set-off or counterclaim. All such payments will be distributed by Administrative Agents to Lenders as provided in Section 18.10 for application to the Loan Obligations as provided herein.

Payment Requirement. Unless expressly provided to the contrary elsewhere herein, Borrower shall make each payment on the Loan Obligations to Lender as required under the Loan Documents at the Lending Office. All such payments shall be made in Dollars on the date when due, without deduction, set-off or counterclaim.

Payment Requirement. 11 6.5.2. Application of Payments and Proceeds........................11 6.5.3. Interest Calculation........................................11 6.6.

Payment Requirement. The requirement that at least 75% (or, for operation of the Commonwealth’s photo driver license centers, 70%) of the amount the purchasing agency pays for the goods or services be remitted to the Agency For Persons With Disabilities to cover payment of wages and salaries to persons with disabilities and to cover other actual manufacturing costs the Agency For Persons With Disabilities incurs in manufacturing goods. Wages and salaries to persons with disabilities, and all costs associated with manufacturing goods and/or performing services, may be considered as “manufacturing costs” to be included in this requirement. Wages and salaries for Direct Labor to non- disabled persons and non-allowable costs such as sub-contracting the prime scope of work under the main contract are excluded.

Payment Requirement. Non-photo license contracts. The requirement that at least 75% of the amount the Commonwealth Purchasing Agency pays for the Goods and/or Services be remitted to the Agency For Persons With Disabilities to cover Allowable Costs of the Agency For Persons With Disabilities in manufacturing Goods and/or performing Services.

Payment Requirement. Except as provided in Section 6.1. 2.1 with respect to payments from collected funds in the Cash Collateral Account and unless expressly provided to the contrary elsewhere herein, Borrower shall make each payment on the Loan Obligations to Administrative Agent for the account of Lenders (based on each Lender's pro-rata share) as required under the Loan Documents at the Applicable Lending Office of the Administrative Agent on the date when due, without deduction, set-off or counterclaim (provided, however, the making of such payment shall not constitute a waiver by Borrower of counterclaims arising from the willful misconduct or gross negligence of Administrative Agent or the Lenders). All such payments will be distributed by Administrative Agent to Lenders as provided in Section 17.10 for application to the Loan Obligations as provided herein.

Payment Requirement. 28 6.5.2. Application of Payments and Proceeds . . . . . . . . 29 6.5.3. Interest Calculation . . . . . . . . . . . . . . . . . .29 6.6.

Payment Requirement. 10 8.2. Application of Payments and Proceeds.. . . . . . . 10 8.3.

Payment Requirement. All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent's Applicable Lending Office in Dollars and in Same Day Funds not later than 12:00 noon (Local Time) on the date specified herein. Except as otherwise expressly provided herein, all payments by Borrower hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent's Applicable Lending Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be made in the United States. If, for any reason, Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, the Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.