Payments and Computations, Etc. (a) All amounts payable to the Administrative Agent, any Lender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due. (b) The Borrower shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand. (c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED
Appears in 5 contracts
Samples: Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.), Loan and Security Agreement (Bird Global, Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueAdministrative Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 5 contracts
Samples: Receivables Financing Agreement (Alliance Resource Partners Lp), Receivables Financing Agreement (Alliance Resource Partners Lp), Receivables Financing Agreement (Alliance Holdings GP, L.P.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 1:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable LawLaw and at the election of the Administrative Agent or if required by the Majority Group Agents, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 4 contracts
Samples: Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP)
Payments and Computations, Etc. (a) All amounts payable to be paid by any Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Each Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection clause (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 4 contracts
Samples: Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De), Receivables Financing Agreement (Lamar Media Corp/De)
Payments and Computations, Etc. (a) All amounts payable to be paid or deposited by the Administrative Agent, any Lender, any Affected Person Borrower or any Borrower Indemnified Party the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the account for each Lender maintained by the applicable party Group Agent (or such other account as may be designated from time to which time by such Group Agent to the Borrower and the Servicer). All amounts are duereceived after 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
(b) The Borrower or the Servicer, as the case may be, shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it the Borrower or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.003% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection paragraph (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 (or 365 or 366, as applicable, with respect to Interest or other amounts calculated by reference to the applicable Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 4 contracts
Samples: Receivables Financing Agreement, Receivables Financing Agreement, Receivables Financing Agreement (Cincinnati Bell Inc)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 3 contracts
Samples: Receivables Financing Agreement (TGPX Holdings I LLC), Receivables Financing Agreement (Foresight Energy LP), Receivables Financing Agreement (Foresight Energy LP)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueAdministrative Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 3 contracts
Samples: Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp), Receivables Financing Agreement (Concentrix Corp)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, accruing at an interest rate per annum on each day equal to 2.002.50% per annum above the then applicable Interest Rategreater of (i) LMIR for such day and (ii) the Base Rate in effect on such day, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 3 contracts
Samples: Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Global Holdings Inc), Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 3 contracts
Samples: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.), Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.), Receivables Financing Agreement (Covia Holdings Corp)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any Lender, any Affected Person Managing Agent or any Borrower Indemnified Party Purchaser hereunder shall be paid no later than 2:00 p.m. 12:00 noon (New York City time) on the day when due in same day funds to the applicable party Purchaser Group Account. All amounts to which such amounts are be deposited by the Seller or the Servicer into the Collection Account, any Purchaser Group Account or any other account shall be deposited no later than 12:00 noon (New York City time) on the date when due.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Alternate Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Fees, and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed, except that computations of interest and Yield based on the Alternate Base Rate shall be made on the basis of a year of 365 days (or 366, as applicable). Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASEDAny computations by the Administrative Agent or the applicable Managing Agent of amounts payable by the Seller hereunder shall be binding upon the Seller absent manifest error.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Medco Health Solutions Inc), Receivables Purchase Agreement (Medco Health Solutions Inc), Receivables Purchase Agreement (Medco Health Solutions Inc)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueLender’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount other than Capital (which Capital shall accrue Interest) not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
(d) On any day when any computation or calculation hereunder requires the aggregation of amounts denominated in more than one currency, all amounts that are denominated in any currency other than Dollars shall be deemed to be the Dollar Equivalent thereof on such day for purposes of such computation or calculation.
Appears in 2 contracts
Samples: Receivables Financing Agreement (Ingersoll Rand Inc.), Receivables Financing Agreement (Gardner Denver Holdings, Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid or deposited by the Administrative AgentSeller, any Lender, any Affected Person the Backup Servicer or any Borrower Indemnified Party the Servicer hereunder shall be paid or deposited no later than 2:00 p.m. 1:00 P.M. (New York City time) on the day when due in same day funds to the applicable party Purchaser's Account or to which such amounts are duean account specified by the Administrative Agent or FSA, as applicable.
(b) The Borrower Seller or the Servicer shall, to the extent permitted by Applicable Lawlaw, pay on demand from time to time interest on any amount not paid or deposited by it the Seller or the Servicer, as the case may be, when due hereunder, and payable hereunder at an interest rate per annum equal to 2.00[**]% per annum above the then Base Rate in effect from time to time; PROVIDED, HOWEVER, that such interest rate shall not at any time exceed the maximum rate permitted by applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demandlaw.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees fees, and other amounts hereunder shall be made on the basis of a year of 360 days for and the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Motor Coach Industries International Inc), Receivables Purchase Agreement (Motor Coach Industries International Inc)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 2 contracts
Samples: Receivables Financing Agreement (First Data Corp), Receivables Financing Agreement (First Data Corp)
Payments and Computations, Etc. (a) All amounts payable to be paid by any Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Sellers and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.), Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party account so designated from time to which time by such amounts are duePerson.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 2 contracts
Samples: Receivables Financing Agreement, Sub Originator Sale Agreement, Purchase and Sale Agreement (CONSOL Energy Inc.), Receivables Financing Agreement (CONSOL Energy Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(ba) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(cb) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for 45 the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by any Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Sellers and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Xxxx and other amounts hereunder shall be made on the basis of a year of 56 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (OUTFRONT Media Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any Lender, any Affected Person Agent or any Borrower Indemnified Party Purchaser hereunder shall be paid no later than 2:00 p.m. 11:00 A.M. (New York City time) on the day when due in same day funds to the applicable party Agent's Account. All amounts to which such amounts are be deposited by the Seller or the Servicer into the Cash Collateral Account or any other account shall be deposited no later than 11:00 A.M. (New York City time) on the date when due.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Alternate Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Fees, and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Northern Indiana Public Service Co)
Payments and Computations, Etc. (a) All amounts payable to the Administrative Agent, any Lender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Borrower shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand[Reserved.]
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
(d) All payments (including prepayments) to be made by each Credit Party on account of principal, interest, fees and other amounts required hereunder shall be made without set-off, recoupment, counterclaim or deduction of any kind, shall, except as otherwise expressly provided herein, be made to the Administrative Agent (for the ratable account of the Persons entitled thereto) at the address for payment
Appears in 1 contract
Samples: Loan Agreement (Bird Global, Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid or deposited by an Originator or the Administrative Agent, any Lender, any Affected Person or any Borrower Indemnified Party Servicer hereunder shall be paid or deposited no later than 2:00 1:00 p.m. (New York City time) on the day when due in same day funds funds. All amounts received after 1:00 p.m. (New York City time) will be deemed to have been received on the applicable party to which such amounts are dueimmediately succeeding Business Day.
(b) The Borrower Each Originator shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it such Originator (whether as Servicer or otherwise) when due hereunder, at an interest rate per annum equal to 2.002.0% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (bSection 1.11(b) above and all computations of Interestthe Purchase Price, Fees fees, and other amounts hereunder shall be computed on the following basis: (i) in respect of the Funding Rate pursuant to Section 1.4(d), when such computation is based on the Base Rate, and the Base Rate is determined by BofA's "reference rate", such computations shall be made on the basis of a year of 360 365 or 366 days, as the case may be, and actual days for elapsed; and (ii) all other such computations shall be made on the basis of a 360-day year and actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Owens & Minor Inc/Va/)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount for each day not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Financing Agreement (Zebra Technologies Corp)
Payments and Computations, Etc. (a) All amounts payable to be paid or deposited by the Administrative Agent, any Lender, any Affected Person Seller or any Borrower Indemnified Party the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 2:00 p.m. noon (New York City Chicago time) on the day when due in same day funds to the applicable party Administration Account. All amounts received after noon (Chicago time) will be deemed to which such amounts are duehave been received on the next Business Day.
(b) The Borrower Seller or the Servicer, as the case may be, shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it the Seller or the Servicer, as the case may be, when due hereunder, at an interest rate per annum equal to 2.002.0% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interestinterest, Fees Discount, fees and other amounts hereunder shall be made on the basis of a year of 360 (or 365 or 366, as applicable, with respect to Discount or other amounts calculated by reference to the Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Financing Agreement (NuStar Energy L.P.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Administrative Agent, Borrower or the Servicers to any Lender, any Affected Person or any Borrower Indemnified Secured Party hereunder shall be paid no later than 2:00 12:00 p.m. (New York City time) Eastern Time on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Each of the Borrower shalland each Servicer shall (or shall direct the Borrower to), severally and not jointly, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueAdministrative Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED
Appears in 1 contract
Samples: Receivables Financing Agreement (Davey Tree Expert Co)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such ch payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable on demand; provided that such amount shall not be payable in accordance with addition to any increase to the Priority Yield Rate during an Event of Payments or otherwise on written demandTermination described in the proviso of the definition thereof.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Newell Brands Inc.)
Payments and Computations, Etc. (a) All amounts payable to the Administrative Agent, any Lender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Borrower shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand.per
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 Noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASEDV
Appears in 1 contract
Samples: Receivables Financing Agreement (NuStar Energy L.P.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Master Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are duePurchaser’s Account.
(ba) The Borrower Each of the Seller and the Master Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Alternative Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(cb) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Alternative Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Master Servicer to the Administrative Agent, any Lender, Purchaser or any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. 12:00 noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are duePurchaser’s Account.
(b) The Borrower Each of the Seller and the Master Servicer shall, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable payable, in the case of the Seller, to the extent of available funds in accordance with Section 4.01 following demand therefor, and in the Priority case of Payments or otherwise the Master Servicer, on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder Yield shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. All Fees shall be calculated on the basis of a year of 365 or 366 days, as applicable. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Financing Agreement (Syneos Health, Inc.)
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Master Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are duePurchaser’s Account.
(b) The Borrower Each of the Seller and the Master Servicer shall, to the extent permitted by Applicable applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Alternative Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Alternative Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Nabors Industries LTD)
Payments and Computations, Etc. (a) All amounts payable to the Administrative Agent, any Lender, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. (New York City time) on the day when due in same day funds to the applicable party to which such amounts are due.
(b) The Borrower shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(ba) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(cb) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (ai) All amounts payable to be paid by the Borrower or the Servicer to the Administrative Agent, any LenderCredit Party, any Affected Person or any Borrower Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(bv) The Each of the Borrower and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(cvi) All computations of interest under subsection (b) above and all computations of Interest, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002.50% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Synchronoss Technologies Inc)
Payments and Computations, Etc. (a) All amounts payable to be paid or deposited by the Administrative Agent, any Lender, any Affected Person Borrower or any Borrower Indemnified Party the Collection Agent hereunder shall be paid or deposited no later than 2:00 p.m. 12:00 noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueInvestor Agent's Account.
(b) The Each of the Borrower and the Collection Agent shall, to the extent permitted by Applicable Lawlaw, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.002% per annum above the then applicable Interest Alternate Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees fees, and other amounts hereunder (including, without limitation, interest on Cash Secured Advances during the Term Period) shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
(d) The Trustee shall have no obligation to perform any of the calculations required to be made by the terms of this Agreement.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts payable to be paid by the Seller or the Servicer to the Administrative Agent, any LenderPurchaser Party, any Affected Person or any Borrower Seller Indemnified Party hereunder shall be paid no later than 2:00 p.m. noon (New York City time) on the day when due in same day funds to the applicable party to which such amounts are dueGroup Agent’s Account.
(b) The Borrower Each of the Seller and the Servicer shall, to the extent permitted by Applicable Law, pay interest on any amount not paid or deposited by it when due hereunder, at an interest rate per annum equal to 2.00% per annum above the then applicable Interest Base Rate, payable in accordance with the Priority of Payments or otherwise on written demand.
(c) All computations of interest under subsection (b) above and all computations of InterestYield, Fees Fxxx and other amounts hereunder shall be made on the basis of a year of 360 days (or, in the case of amounts determined by reference to the Base Rate, 365 or 366 days, as applicable) for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. ARTICLE V INCREASED.
Appears in 1 contract