Common use of Payments and Computations Clause in Contracts

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, in each case in immediately available funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 25 contracts

Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)

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Payments and Computations. (a) The Borrower shall make each payment to be made by it hereunder and under the Notes not later than 1:00 P.M. (New York City timeTime) on the day when due in Dollars to the Administrative Agent at the Agent's Account’s Account in same day funds without condition or deduction for any counterclaim, in each case in immediately available fundsdefense, recoupment or setoff. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.092.02(c), 2.12 2.06, 2.11(c), 2.13(c), 2.15, 2.18, 2.21 or 8.04(c)) to the Lenders for the account of their respective Domestic its Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case Office to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 9 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.2 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.9, 2.12 Section 2.17, Section 2.19 or 8.04(cSection 8.4(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.7(d), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 6 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp), Credit Agreement (Interstate Power & Light Co)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under any Notes, without regard to existence of any counterclaim, set-off, defense or other right that the Notes Borrower may have at any time against any Issuing Bank, the Agent, any Lender or any other Person, whether in connection with the transaction contemplated in this Agreement or any Note or any unrelated transaction, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest principal, interest, or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 Sections 2.10 or 8.04(c9.03(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.06(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the any Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 6 contracts

Samples: Year Credit Agreement (Williams Companies Inc), Five Year Credit Agreement (Williams Companies Inc), Five Year Credit Agreement (Williams Companies Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in U.S. Dollars to the Administrative Agent or, with respect to payments made in respect of Reimbursement Obligations, the Fronting Bank, at the Agent's Accountits address referred to in Section 10.02 hereof, in each case in immediately available same day funds. The Administrative Agent or the Fronting Bank, as the case may be, will promptly thereafter cause to be distributed like funds relating to the payment of principal principal, interest, fees or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders, to the respective Lenders to whom the same are payable, for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d)10.07, from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Administrative Agent or the Fronting Bank, as the case may be, shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 6 contracts

Samples: Credit Agreement (Northeast Utilities), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)

Payments and Computations. (a) The Borrower Company shall make each payment hereunder and under the Notes hereunder, irrespective of any right of counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the applicable Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c9.04(c)) to the applicable Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 6 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Term Loan Credit Agreement (International Flavors & Fragrances Inc), Term Loan Credit Agreement (Nutrition & Biosciences, Inc.)

Payments and Computations. (a) The Each Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees or usage fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.04(b), 2.05(b), 2.11, 2.14 or 8.04(c8.04(d)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 6 contracts

Samples: Credit Agreement (Pepsi Bottling Group Inc), Extension Agreement (Pepsi Bottling Group Inc), Extension Agreement (Bottling Group LLC)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.02(c), 2.12 2.03, 2.10, 2.13 or 8.04(c)8.04) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 4 contracts

Samples: Credit Agreement (Mirant Corp), Credit Agreement (Mirant Americas Generating LLC), Credit Agreement (Mirant Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, in each case in immediately available funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Eurodollar Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Eurodollar Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 4 contracts

Samples: ZZZ Revolving Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc), Revolving Credit Agreement (Memc Electronic Materials Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.2 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.8, 2.12 Section 2.16, Section 2.18 or 8.04(cSection 8.4(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.7(d), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 3 contracts

Samples: Credit Agreement (Interstate Power & Light Co), Credit Agreement (Interstate Power & Light Co), Five Year Credit Agreement (Interstate Power & Light Co)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.2 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.17, 2.12 Section 2.19 or 8.04(cSection 8.4(d)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.7(b), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 3 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in U.S. Dollars to the Administrative Agent at the Administrative Agent's Account, Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or principal, interest or fees ratably (other than amounts payable pursuant to Section 2.092.07(a), 2.12 2.07(b), 2.09 or 8.04(c)2.11) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in of such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 3 contracts

Samples: Credit Agreement (Panamerican Beverages Inc), Credit Agreement (Panamerican Beverages Inc), Credit Agreement (Panamerican Beverages Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.), Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.08, 2.12 2.16, 2.18(c) or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 3 contracts

Samples: Credit Agreement (Alliant Energy Corp), Day Credit Agreement (Alliant Energy Corp), Day Credit Agreement (Alliant Energy Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Administrative Agent at the Administrative Agent's Account, Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or principal, interest or fees ratably (other than amounts payable pursuant to Section 2.092.08(a), 2.12 2.08(b), 2.10 or 8.04(c)2.12) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in of such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Panamerican Beverages Inc), Credit Agreement (Mexican Economic Development Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the applicable Agent's Account, Account in each case in immediately available fundssame day funds without counterclaim or set-off. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Amr Corp), Aircraft Security Agreement (Amr Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in U.S. Dollars to the Administrative Agent at the Administrative Agent's Account, Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 2.09 or 8.04(c)2.12) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Term Credit Agreement (Andrews Group Inc /De/), Revolving Credit Agreement (Andrews Group Inc /De/)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes without set-off or counterclaim not later than 1:00 P.M. 12:00 Noon (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section Sections 2.09, 2.12 2.13, 2.17 or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending OfficeLender, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(e), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Supervalu Inc), Credit Agreement (Supervalu Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City Amsterdam, The Netherlands time) on the day when due in Dollars Euro to the Agent at the Agent's Account, in each case in immediately available funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Memc Electronic Materials Inc), Credit Agreement (Memc Electronic Materials Inc)

Payments and Computations. (a) The Borrower Borrowers shall make each payment hereunder and under the Notes other Loan Documents, without any right of counterclaim or set-off, not later than 1:00 2:00 P.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)2.15) to the applicable L/C Lenders for the account of their respective Domestic Lending Applicable Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Applicable Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes other Loan Documents in respect of the interest assigned thereby to the L/C Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (Sears Holdings Corp), Letter of Credit and Reimbursement Agreement (Sears Holdings Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) on the day when due in Dollars to the Administrative Agent at the Administrative Agent's Account, Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Crowley Maritime Corp), Credit Agreement (Crowley Maritime Corp)

Payments and Computations. (a) The Borrower Borrowers shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Day Credit Agreement (Lafarge North America Inc), Year Credit Agreement (Lafarge North America Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: Credit Agreement (Detroit Edison Co), Credit Agreement (Detroit Edison Co)

Payments and Computations. (a) The Borrower Borrowers shall make each payment hereunder and under the Notes Advances not later than 1:00 P.M. (New York City time) on the day when due in Dollars to the Administrative Agent at the Administrative Agent's Account, in each case ’s Account in immediately available funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.07 or Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes Advances in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 2 contracts

Samples: And Guaranty Agreement (Pacific Drilling S.A.), And Guaranty Agreement (Pacific Drilling S.A.)

Payments and Computations. (a) a. The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Administrative Agent without defense, setoff or counterclaim at the Agent's Account, ’s Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.02(c), 2.12 2.04, 2.12, 2.15 or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan Agreement (Aes Corp)

Payments and Computations. (a) The Borrower Borrowers shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, in each case in immediately available funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Eurodollar Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Eurodollar Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (SBC Communications Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or ticking fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.08, 2.12 2.17, 2.19(c) or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Alliant Energy Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) on the day when due due, without setoff or counterclaim, in Dollars to the Agent at the applicable Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c8.04(d)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the any Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Backstop Credit Agreement (United Parcel Service Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Lafarge Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in U.S. Dollars to the Administrative Agent or, with respect to payments made in respect of Reimbursement Obligations, the Fronting Bank, at the Agent's Accountits address referred to in Section 10.02, in each case in immediately available same day funds. The Administrative Agent or the Fronting Bank, as the case may be, will promptly thereafter cause to be distributed like funds relating to the payment of principal principal, interest, fees or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders, to the respective Lenders to whom the same are payable, for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d)10.07, from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Administrative Agent or the Fronting Bank, as the case may be, shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Western Massachusetts Electric Co)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees the Letter of Credit commissions ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders Banks for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender Bank to such Lender Bank for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender Bank assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan and Letter of Credit and Reimbursement Agreement (Ogden Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars Euro to the Agent at the Agent's Account, in each case in immediately available funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Memc Electronic Materials Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the applicable Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes to the Administrative Agent at the Administrative Agent's Account without set-off or counterclaim, not later than 1:00 P.M. (12:00 noon New York City time) time on the day when due in Dollars date of such payment (each such payment made after such time on such date to be deemed to have been made on the Agent at the Agent's Account, in each case in immediately available fundsnext Business Day). The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.14, 2.12 2.16 or 8.04(c10.04(b)) to the Lenders for the account of their respective Domestic Lending OfficesLenders, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending OfficeLender, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d10.06(e), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance (which shall not include the Borrower) shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Pfizer Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c)) to the Appropriate Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.. 29 29

Appears in 1 contract

Samples: Credit Agreement (Puerto Rico Telephone Co Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Agent at the Agent's Account’s Account in same day funds and without deduction, in each case in immediately available fundsset off or counterclaim. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the any Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies, Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 4:30 P.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Day Credit Agreement (SBC Communications Inc)

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Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City Dusseldorf time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.08, 2.12 2.11 or 8.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Azurix Corp)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts 25 payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Detroit Edison Co)

Payments and Computations. (a) The Borrower shall ------------------------- make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ambac Financial Group Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes any Notes, irrespective of any right of counterclaim or set-off, not later than 1:00 3:00 P.M. (New York City Florida time) on the day when due in Dollars U.S. dollars to the Administrative Agent at such account designated by the Agent's AccountAdministrative Agent in same day funds, in each case in immediately available fundswith payments being received by the Administrative Agent after such time being deemed to have been received on the next succeeding Business Day. The Administrative Agent will shall promptly thereafter cause funds to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to lending offices ratably in accordance with the payment amounts of any other amount the Lenders’ respective Obligations then payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case Lenders to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), ) from and after the effective date specified in of such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the any Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Digital Domain Media Group, Inc.)

Payments and Computations. (a) The Borrower Company shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Administrative Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.08 or 8.04(c)2.12) ratably to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Revolving Credit Agreement (Progress Energy Inc)

Payments and Computations. (a) The a)The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. (New York City time) p.m. on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.08, 2.12(b)(iii), 2.16 or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an a Lender Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and AcceptanceLender Assignment, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Lender Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Ies Utilities Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes Notes, without reduction for counterclaim or setoff, not later than 1:00 P.M. 11:00 A.M. (New York City London time) on the day when due in Dollars Euros to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.12, 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Year Credit Agreement (Monsanto Co /New/)

Payments and Computations. (a) The Each Borrower shall ------------------------- make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in US Dollars to the Agent at the applicable Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.07, 2.12 2.10 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (C Quential Inc)

Payments and Computations. (a) The Borrower shall ------------------------- make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's AccountAccount in same day funds without deduction, in each case in immediately available fundsset-off or counterclaim. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or ticking fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 Noon (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02 in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13, 2.15 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(g), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Day Credit Agreement (Cytec Industries Inc/De/)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes Notes, irrespective of any counterclaim or set-off, not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Columbia Energy Group

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, its address referred to in each case Section 8.02(b) in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 or 8.04(c)2.15) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Sun Microsystems Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees commitment fee ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes Notes, irrespective of any right of counterclaim of set-off, not later than 1:00 3:00 P.M. (New York City Delaware time) on the day when due in Dollars U.S. dollars to the Administrative Agent at such account designated by the Agent's AccountAdministrative Agent in same day funds, in each case in immediately available fundswith payments being received by the Administrative Agent after such time being deemed to have been received on the next succeeding Business Day. The Administrative Agent will shall promptly thereafter cause funds to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.09, 2.12 or 8.04(c)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to lending offices ratably in accordance with the payment amounts of any other amount the Lenders’ respective Obligations then payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case Lenders to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d), ) from and after the effective date specified in of such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Loan Agreement (Digital Domain Media Group, Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City timeAtlantic Standard Time) on the day when due in Dollars U.S. dollars to the Administrative Agent at the Administrative Agent's Account, Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.09Sections 2.11, 2.12 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Puerto Rico Telephone Co Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes hereunder, without counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars U.S. dollars to the Agent at the Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or commitment fees ratably (other than amounts payable pursuant to Section 2.092.10, 2.12 2.13 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.06(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (At&t Inc.)

Payments and Computations. (a) The Borrower Company shall make each payment hereunder and under the Notes hereunder, irrespective of any right of counterclaim or set-off, not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the applicable Agent's Account, ’s Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c9.04(c)) to the applicable Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Term Loan Credit Agreement (International Flavors & Fragrances Inc)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Administrative Agent without defense, setoff or counterclaim at the Agent's Account, ’s Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.02(c), 2.12 2.03, 2.07, 2.10, 2.13, or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Entergy Louisiana, LLC)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Administrative Agent without defense, setoff or counterclaim at the Agent's Account, ’s Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.02(c), 2.12 2.03, 2.07, 2.10, 2.13 or 8.04(c8.04(b)) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Entergy Mississippi, LLC)

Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Administrative Agent at the Administrative Agent's Account, ’s Account in each case in immediately available same day funds. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or principal, interest or fees ratably (other than amounts payable pursuant to Section 2.092.08(a), 2.12 2.08(b), 2.10 or 8.04(c)2.12) to the Lenders for the account of their respective Domestic Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(d), from and after the effective date specified in of such Assignment and Acceptance, the Administrative Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (Mexican Economic Development Inc)

Payments and Computations. (a) The Borrower a)The Company shall make each payment hereunder and under the Notes not later than 1:00 P.M. 12:00 noon (New York City time) on the day when due in Dollars to the Agent at the applicable Agent's Account’s Account in same day funds and without deduction, in each case in immediately available fundsset off or counterclaim. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or fees ratably (other than amounts payable pursuant to Section 2.092.11, 2.12 2.14 or 8.04(c9.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance Assumption and recording of the information contained therein in the Register pursuant to Section 8.07(d9.07(c), from and after the effective date specified in such Assignment and AcceptanceAssumption, the Agent shall make all payments hereunder and under the any Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Assignment and Assumption (Interpublic Group of Companies, Inc.)

Payments and Computations. (a) The Borrower shall ------------------------- make each payment hereunder and under the Notes not later than 1:00 P.M. 11:00 A.M. (New York City time) on the day when due in Dollars to the Agent at the Agent's Account, Account in each case in immediately available same day funds. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest or facility fees ratably (other than amounts payable pursuant to Section 2.092.03, 2.12 2.11, 2.14 or 8.04(c)) to the Lenders for the account of their respective Domestic Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Domestic Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(d8.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves.

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

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