Common use of Payments by the Borrowers Clause in Contracts

Payments by the Borrowers. (a) All payments to be made by the Borrowers shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrowers shall be made to each Lender, at the account designated by such Lender and shall be made in Dollars and in immediately available funds, no later than 12:00 noon (Los Angeles, California time) on the date specified herein. Any payment received by the Lenders after such time shall be deemed (for purposes of calculating interest only) to have been received on the following Business Day and any applicable interest shall continue to accrue. (b) Subject to the provisions set forth in the definition of "Interest Period", whenever any payment is due on a day other than a Business Day, such payment shall be due on the following Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be.

Payments by the Borrowers. (a) All payments (including prepayments) to be made by the Borrowers any Borrower on account of Obligations shall be made without set-offoff or counterclaim and shall, recoupment or counterclaim. Except except as otherwise expressly provided herein, all payments by the Borrowers shall be made to each Lenderthe relevant Lending Office, at in the account designated by such Lender and shall be made currency in Dollars which the relevant type of Obligation was denominated and in immediately available funds, no later than 12:00 noon (Los Angeles, California local time) unless otherwise agreed, on the date specified herein. Any payment which is received by the Lenders after such time a Lending Office later than 12:00 noon (local time) shall be deemed (for purposes of calculating interest only) to have been received on the following immediately succeeding Business Day and any applicable interest or fee shall continue to accrue. (b) Subject to the provisions set forth in the definition of "Interest Period", whenever Whenever any payment is hereunder shall be stated to be due on a day other than a Business Day, such payment shall be due made on the following next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be, subject to the provisions set forth in the definition of "Interest Period" herein.

Payments by the Borrowers. (a) All payments to be made by the Borrowers shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrowers shall be made to each the Lender, at the account designated by such the Lender and shall be made in Dollars and in immediately available funds, no later than 12:00 noon (Los Angeles, California Angeles time) on the date specified herein. Any payment received by the Lenders Lender after such time shall be deemed (for purposes of calculating interest only) to have been received on the following Business Day and any applicable interest shall continue to accrue. (b) Subject to the provisions set forth in the definition of "Interest Period", whenever any payment is due on a day other than a Business Day, such payment shall be due on the following Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be.

Payments by the Borrowers. (a) All payments to be made by the Borrowers shall be made without set-off, recoupment or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrowers shall be made to each the Lender, at the account designated by such the Lender and shall be made in Dollars and in immediately available funds, no later than 12:00 noon (Los Angeles, California Angeles time) on the date specified herein. Any payment received by the Lenders Lender after such time shall be deemed (for purposes of calculating interest only) to have been received on the following Business Day and any applicable interest shall continue to accrue. (b) Subject to the provisions set forth in the definition of "“Interest Period"”, whenever any payment is due on a day other than a Business Day, such payment shall be due on the following Business Day, and such extension of time shall in such case be included in the computation of interest or fees, as the case may be.