Common use of Payment Requirement Clause in Contracts

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.

Appears in 5 contracts

Samples: Loan Agreement (Layne Christensen Co), Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/)

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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 18.10 for application to the Loan Obligations as provided herein.

Appears in 3 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

Payment Requirement. Unless expressly provided to the contrary elsewhere herein, Borrower shall make each payment in the Applicable Currency 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 set-off or counterclaim. All such payments will be distributed by Administrative Agent to Lenders as provided in Section 16.10 17.10 for application to the Loan Obligations as provided herein.

Appears in 1 contract

Samples: Credit Facilities Agreement (Dt Industries Inc)

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 Administrative Agent's 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 17.10 for application to the Loan Obligations as provided herein.

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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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 set-off or counterclaim. All such payments will be distributed by Administrative Agent to Lenders as provided in Section 16.10 19.10 for application by them to the Loan Obligations as provided herein.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

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 Administrative Agent’s Applicable Lending Office of the Administrative Agent on the date when due, without deduction, setoff or counterclaim. All such payments will be distributed by 1336346.6 Administrative Agent to Lenders as provided in Section 16.10 17.10 for application to the Loan Obligations as provided herein.

Appears in 1 contract

Samples: Assignment and Assumption (Young Innovations Inc)

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