Common use of Payments, Interest Rate Computations, Other Computations, etc Clause in Contracts

Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Term Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Term Loan Percentages. All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Working Capital Facility Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Facility Percentages. Except as otherwise provided therein, the payment of fees referred to in Section 2.3 shall be made by the Borrower to the Agent for the account of the Lenders pro rata according to their respective Working Capital Facility Percentages and Term Loan Percentages. All other amounts payable to the Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.5) shall be paid to the Agent for the account of the Person entitled thereto. All such payments required to be made to the Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 p.m., New York City time, on the date due, in immediately available funds, to the account of the Agent specified in Schedule 3.6 or to another account of the Agent specified from time to time in writing to the Borrower. Funds received after that time shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit in the type of funds received to each Lender notified to the Agent its share, if any, of such payments received by the Agent for the account of such Lender. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 days with respect to all Obligations other than Eurodollar Loans. Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Pico Holdings Inc /New)

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Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all All payments by the Borrower Borrowers pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Term Notes Loans shall be made by the Borrower Borrowers to the Agent for the account of the Lenders, pro rata according to their respective Term Loan Percentages. All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Working Capital Facility Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Facility Percentages. Except as otherwise provided therein, the payment of fees referred to in Section 2.3 shall be made by the Borrower to the Administrative Agent for the account of the Lenders on a pro rata basis according to their respective Working Capital Facility Percentages and Term Loan Percentagesthe aggregate principal amount of Loans owed to each such Lender. The payment of the fees referred to in SECTION 3.5.1 shall be made by the Borrowers to the Collateral Agent for the account of the Lenders on a pro rata basis according to the aggregate principal amount of Loans owed to each such Lender. All other amounts payable to the any Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.5SECTION 3.5.2) shall be paid to the Administrative Agent for the account of the Person entitled thereto. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 p.m., New York City time, on the date due, in immediately available funds, to the an account of the Agent specified in Schedule 3.6 or to another account of the Administrative Agent specified from time to time in writing to the BorrowerBorrower Representative. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit in the type of funds received to each Lender notified to the Administrative Agent its share, if any, of such payments received by the Administrative Agent for the account of such Lender. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 days with respect to all Obligations other than Eurodollar LoansObligations. Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Tarrant Apparel Group)

Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, (a) in respect of principal or interest on the Term Notes Bridge Notes, shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Term Loan Percentages. All payments by unpaid principal amounts of the Borrower pursuant to this AgreementBridge Notes, the Notes or any other Loan Document, (b) in respect of principal or interest on the Working Capital Facility Notes Term Notes, shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Facility Percentagesunpaid principal amounts of the Term Notes and, (c) in respect of principal or interest on the Revolving Notes, shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective unpaid principal amounts of the Revolving Notes. Except as otherwise provided therein, the The payment of fees the commitment fee referred to in Section 2.3 2.4 shall be made by the Borrower to the Agent for the account of the Lenders entitled thereto pro rata according to their respective Working Capital Facility Percentages and Term Loan Revolving Percentages. All other amounts payable to the Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.5the Facility Fee Letter) shall be paid to the Agent for the account of the Person entitled thereto. All such payments required to be made to the Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 2:00 p.m., New York City time, on the date due, in immediately available funds, to the such account of as the Agent specified in Schedule 3.6 or to another account of the Agent specified shall specify from time to time in writing by notice to the Borrower. Funds received after that time shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit in the type of funds received to each Lender notified to the Agent its share, if any, of such payments received by the Agent for the account of such LenderLender or holder. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 (365 days with respect to all Obligations other than Eurodollar Loansin the case of interest computed on the basis of the ING Alternate Base Rate). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Internationale Nederlanden Capital Corp)

Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, (a) in respect of principal or interest on the Term Notes Notes, shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective unpaid principal amounts of the Term Loan Percentages. All payments by the Borrower pursuant to this AgreementNotes, the Notes or any other Loan Documentand, (b) in respect of principal or interest on the Working Capital Facility Notes Revolving Notes, shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Facility Percentagesunpaid principal amounts of the Revolving Notes. Except as otherwise provided therein, the The payment of fees the commitment fee referred to in Section 2.3 (a) shall be made by the Borrower to the Agent for the account of the Lenders entitled thereto pro rata according to their respective Working Capital Facility Percentages and Term Loan Revolving Percentages. The payment of the Letter of Credit Fee referred to in Section 2.3(b) shall be made by the Borrower to the Agent for the account of the Lenders entitled thereto pro rata according to their respective Letter of Credit. All other amounts payable to the Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.52.3) shall be paid to the Agent for the account of the Person entitled thereto. All such payments required to be made to the Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 2:00 p.m., New York City time, on the date due, in immediately available funds, to the such account of as the Agent specified in Schedule 3.6 or to another account of the Agent specified shall specify from time to time in writing by notice to the Borrower. Funds received after that time shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit in the type of funds received to each Lender notified to the Agent its share, if any, of such payments received by the Agent for the account of such LenderLender or holder. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 (365 days with respect to all Obligations other than Eurodollar Loansin the case of interest computed on the basis of the ING Alternate Base Rate). Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Headway Corporate Resources Inc)

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Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Term Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Term Loan Percentages. All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Working Capital Expansion Facility Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Expansion Facility Percentages. Except as otherwise provided therein, the The payment of the fees referred to in Section 2.3 shall be made by the Borrower to the Agent for the account of the Lenders pro rata according to their respective Working Capital Expansion Facility Percentages and Term Loan Percentages. All other amounts payable to the Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.52.4) shall be paid to the Agent for the account of the Person entitled thereto. All such payments required to be made to the Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 p.m., New York City time, on the date due, in immediately available funds, to the account of the Agent specified in Schedule 3.6 or to another an account of the Agent specified from time to time in writing to the Borrower. Funds received after that time shall be deemed to have been received by the Agent on the next following Business Day. The Agent shall promptly remit in the type of funds received to each Lender notified to the Agent its share, if any, of such payments received by the Agent for the account of such Lender. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 days with respect to all Obligations other than Eurodollar Loansdays. Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Creative Host Services Inc)

Payments, Interest Rate Computations, Other Computations, etc. Except as otherwise expressly provided in Section 3.3.1(g), all All payments by the Borrower Borrowers pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Term Notes Loans shall be made by the Borrower Borrowers to the Agent for the account of the Lenders, pro rata according to their respective Term Loan Percentages. All payments by the Borrower pursuant to this Agreement, the Notes or any other Loan Document, in respect of principal or interest on the Working Capital Facility Notes shall be made by the Borrower to the Agent for the account of the Lenders, pro rata according to their respective Working Capital Facility Percentages. Except as otherwise provided therein, the payment of fees referred to in Section 2.3 shall be made by the Borrower to the Administrative Agent for the account of the Lenders on a pro rata basis according to their respective Working Capital Facility Percentages and Term Loan Percentagesthe aggregate principal amount of Loans owed to each such Lender. The payment of the fees referred to in Section 3.5.1 shall be made by the Borrowers to the Collateral Agent for the account of the Lenders on a pro rata basis according to the aggregate principal amount of Loans owed to each such Lender. All other amounts payable to the any Agent or any Lender under this Agreement or any other Loan Document (except under Section 2.53.5.2) shall be paid to the Administrative Agent for the account of the Person entitled thereto. All such payments required to be made to the Administrative Agent shall be made, without setoff, deduction or counterclaim, not later than 1:00 p.m., New York City time, on the date due, in immediately available funds, to the an account of the Agent specified in Schedule 3.6 or to another account of the Administrative Agent specified from time to time in writing to the BorrowerBorrower Representative. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next following Business Day. The Administrative Agent shall promptly remit in the type of funds received to each Lender notified to the Administrative Agent its share, if any, of such payments received by the Administrative Agent for the account of such Lender. All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days with respect to Eurodollar Loans and 365/366 days with respect to all Obligations other than Eurodollar LoansObligations. Whenever any payment to be made shall otherwise be due on a day which is not a Business Day, such payment shall be made on the immediately preceding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Tarrant Apparel Group)

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