Common use of Payments by the Borrowers Clause in Contracts

Payments by the Borrowers. The Borrowers shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.16, 2.17 or 2.18, or otherwise) or under any other Loan Document (except as otherwise expressly provided therein) prior to 1:00 p.m., New York City time, on the date when due, in immediately available funds, without set off or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company and the Lenders, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the Issuing Lenders or Swingline Lenders as expressly provided herein and except that payments pursuant to Sections 2.16, 2.17, 2.18 and 10.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the 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 and under any other Loan Document shall be made in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)

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Payments by the Borrowers. The Borrowers shall make each payment required to be made by it the Borrowers hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.165.01, 2.17 or 2.18Section 5.02, Section 5.03 or otherwise) or under any other Loan Document (except as otherwise expressly provided therein) prior to 1:00 p.m.12:00 noon, New York City Houston, Texas time, on the date when due, in dollars that constitute immediately available funds, without set defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall not be refundable under any circumstances absent manifest error (e.g., as a result of a clerical mistake). 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 an account maintained with the Administrative Agent as notified to the Company and the Lendersits offices specified in Section 12.01, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the Issuing Lenders or Swingline Lenders Bank as expressly provided herein and except that payments pursuant to Sections 2.16Section 5.01, 2.17Section 5.02, 2.18 Section 5.03 and 10.03, which Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the 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 Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under any other Loan Document shall be made in Dollarsdollars.

Appears in 2 contracts

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

Payments by the Borrowers. The Borrowers Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.162.12, 2.17 2.13 or 2.182.14, or otherwise) or under any other Loan Document (except as otherwise expressly provided therein) ), prior to 1:00 p.m.12:00 noon, New York City time, on the date when due, in immediately available funds, without set set-off or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company Borrowers and the Lenders, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the Issuing Lenders or Swingline Lenders Lender as expressly provided herein and except that those payments pursuant to Sections 2.162.12, 2.172.13, 2.18 2.14 and 10.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the 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 Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder or under any other Loan Document (except as otherwise expressly provided therein) and under any other Loan Document shall be made in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (Cdi Corp), Credit Agreement (Cdi Corp)

Payments by the Borrowers. The Borrowers Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.14, 2.15 or 2.16, 2.17 or 2.18, or otherwise) or under any other Loan Document (except as otherwise expressly provided therein) prior to 1:00 p.m.12:00 noon, New York City time, on the date when due, in immediately available funds, without set off or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company and the Lenders, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the Issuing Lenders or the Swingline Lenders Lender as expressly provided herein and except that payments pursuant to Sections 2.162.14, 2.172.15, 2.18 2.16 and 10.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the 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 and under any other Loan Document shall be made in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)

Payments by the Borrowers. The Borrowers shall make each payment required to be made by it them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.162.13, 2.17 Section 2.14 or 2.18Section 2.15, or otherwise) ), or under any other Loan Document (except as to the extent otherwise expressly provided therein) ), prior to 1:00 2:00 p.m., New York City time, on the date when due, in immediately available funds, without set off setoff or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company and the Lendersits offices at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the an Issuing Lenders Lender or a Swingline Lenders Lender as expressly provided herein and except that payments pursuant to Sections 2.16Section 2.13, 2.17Section 2.14, 2.18 Section 2.15 and 10.03Section 9.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the 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 and or under any other Loan Document (except to the extent otherwise provided therein) shall be made in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

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Payments by the Borrowers. The Borrowers shall make each payment required to be made by it them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.162.13, 2.17 Section 2.14 or 2.18Section 2.15, or otherwise) ), or under any other Loan Document (except as to the extent otherwise expressly provided therein) ), prior to 1:00 2:00 p.m., New York City time, on the date when due, in immediately available funds, without set off setoff or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company and the LendersAgent, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to an Issuing Lender or the Issuing Lenders or Swingline Lenders Lender as expressly provided herein and except that payments pursuant to Sections 2.16Section 2.13, 2.17Section 2.14, 2.18 Section 2.15 and 10.03Section 9.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder (other than a payment of principal or interest on any Loan or the Prepayment Premium) shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding preceding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionDay. All payments amounts owing hereunder and or under any other Loan Document (except to the extent otherwise provided herein or therein) shall be made payable in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Payments by the Borrowers. The Borrowers shall make each payment required to be made by it them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.162.13, 2.17 Section 2.14 or 2.18Section 2.15, or otherwise) ), or under any other Loan Document (except as to the extent otherwise expressly provided therein) ), prior to 1:00 2:00 p.m., New York City time, on the date when due, in immediately available funds, without set off setoff or counterclaim. 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 an account maintained with the Administrative Agent as notified to the Company and the LendersAgent, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the an Issuing Lenders or Swingline Lenders Lender as expressly provided herein and except that payments pursuant to Sections 2.16Section 2.13, 2.17Section 2.14, 2.18 Section 2.15 and 10.03Section 9.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder (other than a payment of principal or interest on any Loan or the Prepayment Premium) shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding preceding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extensionDay. All payments amounts owing hereunder and or under any other Loan Document (except to the extent otherwise provided herein or therein) shall be made payable in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Geo Group Inc)

Payments by the Borrowers. The Borrowers shall make each payment required to be made by it them hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.165.01, 2.17 or 2.18Section 5.02, Section 5.03 or otherwise) or under any other Loan Document (except as otherwise expressly provided therein) prior to 1:00 p.m.11:00 a.m., New York City Houston, Texas time, on the date when due, in immediately available funds, without set defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any circumstances. 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 an account maintained with the Administrative Agent as notified to the Company and the Lendersits offices specified in Section 12.01, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to the Issuing Lenders Lender or Swingline Lenders the Swing Line Lender as expressly provided herein and except that payments pursuant to Sections 2.16Section 5.01, 2.17Section 5.02, 2.18 Section 5.03 and 10.03, which Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient 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 Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under any other Loan Document shall be made in Dollarsdollars.

Appears in 1 contract

Samples: Credit Agreement (Hornbeck Offshore Services Inc /La)

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