Payment/Wire Instructions Clause Samples

Payment/Wire Instructions. Each payment of the Loan Obligations shall be paid directly to the Agent Lender, for the account of ERS and TRS, in lawful money of the ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇, in immediately available funds by wire transfer as set forth below, or to such other place or account as the Agent Lender shall designate in writing to the Borrower at least three (3) Business Days prior to the due date of the first payment to which such change is to apply: If for the account of TRS: If for the account of ERS: In each case, not later than 3:00 p.m., Montgomery, Alabama time on the date on which such payment shall become due.