Common use of Payments to Agent, Lenders Clause in Contracts

Payments to Agent, Lenders. (i) Payment by any Lender to the Agent shall be made not later than 12:00 p.m. noon (Baltimore City Time) on the Business Day such payment is due, provided that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. (Baltimore City Time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided that if the Agent receives such funds at or prior to 12:00 p.m. noon (Baltimore City Time), the Agent shall pay such funds to such Lender by 2:00 p.m. (Baltimore City Time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 p.m. (Baltimore City Time) on the first Business Day following the date of such demand.

Appears in 3 contracts

Samples: Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp)

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Payments to Agent, Lenders. (iA) Payment by any Lender to the Agent shall be made not later than 12:00 2:00 p.m. noon (Baltimore City TimeDallas, Texas time) on the Business Day such payment is due, provided PROVIDED that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. (Baltimore City TimeDallas, Texas time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided PROVIDED that if the Agent receives such funds at or prior to 12:00 1:00 p.m. noon (Baltimore City TimeDallas, Texas time), the Agent shall pay such funds to such Lender by 2:00 p.m. (Baltimore City TimeDallas, Texas time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 p.m. (Baltimore City TimeDallas, Texas time) on the first Business Day following the date of such demand.

Appears in 1 contract

Samples: Loan and Security Agreement (Compusa Inc)

Payments to Agent, Lenders. (i) Payment by any Lender to the Agent shall be made not later than 12:00 2:00 p.m. noon (Baltimore City Eastern Time) on the Business Day such payment is due, provided that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. (Baltimore City Eastern Time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfertransfer to such Lender's specified account set forth on Exhibit C attached hereto, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided that if the Agent receives such funds at or prior to 12:00 p.m. noon (Baltimore City Eastern Time), the Agent shall pay such funds to such Lender by 2:00 p.m. (Baltimore City Eastern Time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 p.m. (Baltimore City Eastern Time) on the first Business Day following the date of such demand.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Payments to Agent, Lenders. (i) Payment by any Lender to the Agent shall be made not later than 12:00 4:00 p.m. noon (Baltimore City Time) on the Business Day such payment is due, provided that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. 12:00 p.m. (Baltimore City Time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided that if the Agent receives such funds at or prior to 12:00 p.m. noon (Baltimore City Time), the Agent shall pay such funds to such Lender by 2:00 4:00 p.m. (Baltimore City Time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 4:00 p.m. (Baltimore City Time) on the first Business Day following the date of such demand.

Appears in 1 contract

Samples: Financing and Security Agreement (BPC Holding Corp)

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Payments to Agent, Lenders. (i) Payment by any Lender to the Agent shall be made not later than 12:00 2:00 p.m. noon (Baltimore City Time) on the Business Day such payment is due, provided PROVIDED that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. (Baltimore City Time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided PROVIDED that if the Agent receives such funds at or prior to 12:00 p.m. noon (Baltimore City Time), the Agent shall pay such funds to such Lender by 2:00 p.m. (Baltimore City Time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 p.m. (Baltimore City Time) on the first Business Day following the date of such demand.

Appears in 1 contract

Samples: Financing and Security Agreement (First Alert Inc)

Payments to Agent, Lenders. (i) Payment by any Lender to the Agent shall be made not later than 12:00 2:00 p.m. noon (Baltimore City Time) on the Business Day such payment is due, provided that if such payment is due on demand by another Lender, such demand is made on the paying Lender not later than 10:00 a.m. (Baltimore City Time) on such Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent's receipt of funds for the account of such Lender and in the type of funds received by the Agent, provided that if the Agent receives such funds at or prior to 12:00 p.m. noon (Baltimore City Time), the Agent shall pay such funds to such Lender by 2:00 p.m. (Baltimore City Time) on such Business Day. If a demand for payment is made after the applicable time set forth above, the payment due shall be made by 2:00 p.m. (Baltimore City Time) on the first Business Day following the date of such demand.

Appears in 1 contract

Samples: Financing and Security Agreement (O Ray Holdings Inc)

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