Common use of Payments by the Account Parties Clause in Contracts

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, under Section 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue, New York, New York, except payments pursuant to Secxxxxx 0.00, 0.00, 0.00 xxx 00.00, xhich shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

AutoNDA by SimpleDocs

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided PROVIDED that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue, New York, New York, except payments pursuant to Secxxxxx Sectxxxx 0.00, 0.00, 0.00 xxx 00.00, xhich xxich shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Each Account Parties Party shall make each payment required to be made by them it hereunder (whether of principal, interest, fees or reimbursement of LC DisbursementsDisbursements or interest thereon, under Section 2.15, 2.16 or 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Specified Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.062.04. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue0000 Xxxxxx xx xxx Xxxxxxxx, New York0xx Xxxxx, New YorkXxx Xxxx, XX 00000; except payments pursuant to Secxxxxx 0.00Sections 2.15, 0.002.16, 0.00 xxx 00.002.17 and 10.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars, except as otherwise expressly set forth herein.

Appears in 1 contract

Samples: Unsecured Credit Agreement (Xl Group LTD)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, under Section 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue000 Xxxx Xxxxxx, New YorkXxx Xxxx, New YorkXxx Xxxx, except payments pursuant to Secxxxxx 0.00Sections 2.17, 0.002.18, 0.00 xxx 00.002.19 and 10.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.172.18, 2.18 2.19 or 2.192.20, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) 364-Day Credit Agreement prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue000 Xxxx Xxxxxx, New YorkXxx Xxxx, New YorkXxx Xxxx, except payments pursuant to Secxxxxx 0.00Sections 2.18, 0.002.19, 0.00 xxx 00.002.20 and 10.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.172.14, 2.18 2.15 or 2.192.16, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided PROVIDED that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.062.02. Any amounts received after such time on any date may, in the discretion of the Administrative AgentLender, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent Lender at its offices at 270 Park Avenue00 Xxxx Xxxxxx, New YorkXxx Xxxx, New YorkXxx Xxxx 00000, except payments pursuant to Secxxxxx 0.00Sections 2.14, 0.002.15, 0.00 xxx 00.002.16 and 9.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Day Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Each Account Parties Party shall make each payment required to be made by them it hereunder (whether of principalfees, interest, fees or reimbursement of LC DisbursementsDisbursements or interest thereon, under Section 2.17, 2.18 2.08 or 2.192.09, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Specified Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.062.04. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue1221 Avexxx xx xxx Xxxxxxxx, New York0xx Xxxxx, New YorkXxx Xxxx, except XX 00000; xxxxxx payments pursuant to Secxxxxx 0.00Sections 2.08, 0.002.09 and 10.03, 0.00 xxx 00.00, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars, except as otherwise expressly set forth herein.

Appears in 1 contract

Samples: Secured Credit Agreement (Xl Group LTD)

AutoNDA by SimpleDocs

Payments by the Account Parties. The Each Account Parties Party shall make each payment required to be made by them it hereunder (whether of principal, interest, fees or reimbursement of LC DisbursementsDisbursements or interest thereon, under Section 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue500 Xxxxxxx Xxxxxxxxxx Xxxx, New York3/Ops2, New YorkNewark, DE 19713; except payments pursuant to Secxxxxx 0.00Sections 2.17, 0.002.18, 0.00 xxx 00.002.19 and 10.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Unsecured Credit Agreement (Xl Group PLC)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.172.18, 2.18 2.19 or 2.192.20, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided PROVIDED that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall 364-DAY CREDIT AGREEMENT have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue, New York, New York, except payments pursuant to Secxxxxx Sections 0.00, 0.00, 0.00 xxx 00.00, xhich xxxxx shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.17, 2.18 or 2.19, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided PROVIDED that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.06. Any amounts received after such time on any date may, in the discretion of the 364-DAY CREDIT AGREEMENT Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at 270 Park Avenue, New York, New York, except payments pursuant to Secxxxxx 0.00, 0.00, 0.00 xxx 00.00, xhich shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: Day Credit Agreement (Xl Capital LTD)

Payments by the Account Parties. The Account Parties shall make each payment required to be made by them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, interest or fees, or under Section 2.172.14, 2.18 2.15 or 2.192.16, or otherwise) or under any other Credit Document (except to the extent otherwise provided therein) prior to 12:00 noon, Credit Agreement New York City time, on the date when due, in immediately available funds, without set-off or counterclaim; provided that any payments in respect of Alternative Currency Letters of Credit shall be made in the manner (including the time and place of payment) as shall have been separately agreed between the relevant Account Party and Lender pursuant to Section 2.062.02. Any amounts received after such time on any date may, in the discretion of the Administrative AgentLender, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent Lender at its offices at 270 Park Avenue00 Xxxx Xxxxxx, New YorkXxx Xxxx, New YorkXxx Xxxx 00000, except payments pursuant to Secxxxxx 0.00Sections 2.14, 0.002.15, 0.00 xxx 00.002.16 and 9.03, xhich which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing accru- ing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Xl Capital LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.