Payments by Agent to Borrower Sample Clauses

Payments by Agent to Borrower. Any payments received by the Agent from the Lenders for the account of the Borrower shall be advanced by the Agent in funds having same day value to the Borrower on the date of receipt, or if such date is not a Banking Day or if received after 1:00 p.m. on a Banking Day, on the next Banking Day, to the Current Account designated in writing from time to time by the Borrower to the Agent.
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Payments by Agent to Borrower. Any payment received by the Agent for the account of the Borrower shall be paid in funds having same value to the Borrower by the Agent on the date of receipt, or if such date is not a Business Day, on the next Business Day, to such account(s) as the Borrower may designate.
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Payments by Agent to Borrower. 69 11.4 No Set-Off or Counterclaim by Borrower......................... 69 11.5 Non-Receipt by Agent........................................... 69 11.6 When Due Date Not Specified.................................... 69 11.7 Agent's Authority to Debit..................................... 69
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Payments by Agent to Borrower. 75 11.4 No Set-Off or Counterclaim by Borrower . . . . . . . . . . . . . . . . . . . . . . . . . . 75 11.5 Non-Receipt by Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 11.6 When Due Date Not Specified . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 11.7 Agent's Authority to Debit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76 ARTICLE XII
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Related to Payments by Agent to Borrower

  • Payments by Agent to the Lenders All payments to be made by Agent to the Lenders (or Bank Product Providers) shall be made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by written notice to Agent. Concurrently with each such payment, Agent shall identify whether such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations.

  • Payments by Borrowers (i) Except as otherwise expressly provided herein, all payments by Borrowers shall be made to Agent’s Account for the account of the Lender Group and shall be made in immediately available funds, no later than 1:30 p.m. on the date specified herein. Any payment received by Agent later than 1:30 p.m. shall be deemed to have been received (unless Agent, in its sole discretion, elects to credit it on the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day.

  • Payments by Borrower; Presumptions by Administrative Agent Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error.

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