Payments, Prepayments and Computations. Except as may be otherwise specifically provided herein, all payments by Borrower with respect to the Loan or any other Obligations under this Agreement or any of the other Loan Documents or the Environmental Indemnification Agreement shall be made without defense, set-off or counterclaim to Lender not later than 2:00 p.m. (Eastern Time) on the date when due and shall be made in lawful money of the United States of America in immediately available funds. Any payment received by Lender on a non-Business Day or after 2:00 p.m. (Eastern Time) on any Business Day shall be deemed received by Lender at the opening of its business on the next Business Day. Whenever any payment to be made hereunder or under the Note or any of the other Loan Documents or the Environmental Indemnification Agreement shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the applicable rate during such extension. Interest shall be calculated on the basis of a year consisting of 360 days and with twelve thirty-day months, except that interest due and payable for less than a full month shall be calculated by multiplying the actual number of days elapsed in such period by a daily interest rate based on a 360-day year. The Loan may not be prepaid in whole or in part except as specifically provided in the Note or this Agreement specifically Section 3.07.
Payments, Prepayments and Computations. (a) Except as may be otherwise specifically provided herein, all payments by the Borrowers with respect to the Loans or any other Obligations under this Agreement or any of the other Credit Documents shall be made without defense, set-off or counterclaim to the Lender not later than 2:00 p.m. (Eastern Time) on the date when due and shall be made in lawful money of the United States of America in immediately available funds.
(b) Whenever any payment to be made hereunder or under any Note or any of the other Credit Documents shall be stated to be due on a day which is not a Business Day, the due date thereof (except as otherwise set forth herein with respect to LIBOR Advances) shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the applicable rate during such extension.
(c) All computation of interest or fees due hereunder or under any of the other Credit Documents shall be made on the basis of a year of 360 days and the actual number of days elapsed; provided, however, that all computations of -------- ------- interest due on Prime Rate Advances under the Notes shall be made on the basis of a year of 365/366 days.
(d) Any of the Loans may be prepaid in whole or in part at any time without premium or penalty; provided, however, that: -----------------
(i) Any prepayment made on any Loan shall be applied, first, to interest accrued thereon through the date thereof and then to the principal balance thereof, and any partial prepayment of a Tranche C Loan or Tranche A Loan shall be applied to installments due with respect to such Loans in the inverse order of their maturities;
(ii) Any prepayment of the LIBOR Advances made at any one time must be in an aggregate principal amount of not less than $500,000 or any greater integral multiple of $100,000 and any prepayment of the Prime Rate Advances made at any one time must be in an aggregate principal amount of not less than $100,000 or any greater integral multiple of $10,000;
(iii) A prepayment of a LIBOR Advance may be made without penalty or premium by the Borrowers only on the last day of the Interest Period applicable thereto and, if any such prepayment is made on a day that is not the last day of the applicable Interest Period, the Borrowers, jointly and severally, shall pay to the Lender, if requested by the Lender, such additional compensation as may be required under Section 3.9 hereof;
(iv) Any prepayment shall be applied t...
Payments, Prepayments and Computations. All payments by Borrower to Agent shall be made in Dollars before 1 p.m. Houston time on the date due. All payments by Borrower shall be made free and clear of and without deduction for any and all present and future taxes, levies, imposts, deductions, charges and withholdings, and all liabilities with respect thereto, excluding (a) judicial or administrative liens in respect of obligations of Lenders unrelated to the transactions contemplated by this Agreement and (b) taxes imposed on income of Lenders by, and franchise taxes imposed on Lenders by, any country or state or any political subdivision thereof (all such taxes, levies, imposts, deductions, charges, withholdings and liabilities other than those described in clauses (a) and (b) above being herein referred to as "Taxes"). If Borrower shall be required by Applicable Law to withhold or deduct any Taxes from or in respect of any sum payable hereunder or under the Notes to Lenders (a) the sum payable shall be increased as may be necessary so that after making all required withholdings and deductions (including, without limitation, withholdings and deductions applicable to additional sums payable under this Section) Lenders receive an amount equal to the sum it would have received had no withholdings or deductions been made, (b) Lenders shall make such withholdings and deductions, and (c) Borrower shall pay the full amount withheld or deducted to the relevant taxation authority or other authority in accordance with Applicable Law and in such a manner that Lenders shall not be required to make any deduction or payment of any Taxes.
Payments, Prepayments and Computations. Except as may be otherwise specifically provided herein, all payments by Borrower with respect to the Loan or any other Obligations under this Agreement or any of the other Loan Documents or the Environmental Indemnification Agreement shall be made without defense, set-off or counterclaim to Lender not later than 2:00 p.m. (Eastern Time) on the date when due and shall be made in lawful money of the United States of America in immediately available funds. Any payment received by Lender on a non-Business Day or after 2:00 p.m. (Eastern Time) on any [LOAN AGREEMENT] ING No. 27924 4
Payments, Prepayments and Computations. Except as specifically set forth in Section 3.2, the Loans shall be repaid as provided in this Section 3.1. . The interest accrued on each Loan shall be payable on each Interest Payment Date applicable to such Loan, upon any prepayment of any LIBOR Loan (to the extent accrued on the amount being prepaid) and at maturity.
Payments, Prepayments and Computations. 42 3.1 General Provisions Relating to Repayment of Loans............42 3.1.1 Interest Payments..............................42 3.1.2 Scheduled Principal Payments ..................42 3.1.3 Prepayments ...................................42 3.1.4 Final Maturity of Loans........................43
Payments, Prepayments and Computations. Except as may -------------------------------------- be otherwise specifically provided herein, all payments by the Borrower with respect to the Loan or any other Obligations under this Agreement or any of the other Credit Documents shall be made without defense, set-off or counterclaim to the Lender not later than 2:00 p.m. (Eastern Time) on the date when due and shall be made in lawful money of the United States of America in immediately available funds. Any payment received by Lender on a non-Business Day or after 2:00 p.m. (Eastern Time) on any Business Day shall be deemed received by Lender at the opening of its business on the next Business Day. Whenever any payment to be made hereunder or under the Note or any of the other Credit Documents shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the applicable rate during such extension. All computation of interest or fees due hereunder or under any of the other Credit Documents shall be made on the basis of a year of 360 days and the actual number of days elapsed. The Loan may be prepaid in whole or in part in accordance with the terms and conditions of the Note.
Payments, Prepayments and Computations. (a) Except as otherwise specifically provided herein, all payments due with respect to the Loans under this Agreement or the Note shall be made without defense, set-off or counterclaim to Bank at its main office in Dalton, Georgia on the date when due and shall be made in lawful money of the United States of America in immediately available funds.
(b) Whenever any payment to be made hereunder or under the Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the applicable rate during such extension.
(c) All computations of interest hereunder and under the Note shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable (to the extent computed on the basis of days elapsed).
(d) The Loans may be prepaid in whole or in part at any time without premium or penalty; provided that any prepayment made on the Loans shall be applied, first, to interest accrued therein through the date of such prepayment and then to the principal balance thereof, all as provided in and subject to the terms and conditions of the Note.
Payments, Prepayments and Computations. 16 4.4 Collateral..................................................................................................16 4.5
Payments, Prepayments and Computations
