Common use of Place and Application Clause in Contracts

Place and Application. All payments of principal, interest, fees and --------------------- all other amounts payable hereunder shall be made to the Lender at ***, for the account of the Lender (or at such other place for the account of the Lender as the Lender may from time to time in writing specify to the Borrower) in immediately available and freely transferable funds. All payments shall be paid in full without setoff or counterclaim and without reduction for and free from any and all taxes, levies, duties, fees, charges, deductions, withholdings, restrictions or conditions of any nature imposed by any government or any political subdivision or taxing authority thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Massachusetts Fincorp Inc), Loan and Security Agreement (West Essex Bancorp Inc)

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Place and Application. All payments of principal, interest, fees and --------------------- all other amounts payable hereunder shall be made to the Lender at ***, at_____________________________________ for the account of the Lender (or at such other place for the account of the Lender as the Lender may from time to time in writing specify to the Borrower) in immediately available and freely transferable funds. All payments shall be paid in full without setoff or counterclaim and without reduction for and free from any and all taxes, levies, duties, fees, charges, deductions, withholdings, restrictions or conditions of any nature imposed by any government or any political subdivision or taxing authority thereof.

Appears in 1 contract

Samples: Loan Agreement (Northeast Pennsylvania Financial Corp)

Place and Application. All payments of principal, interest, fees and --------------------- all other amounts payable hereunder shall be made to the Lender at ***000 Xxxx Xxxxxx Xxxxxx, Xxxxxx, Xxxx 00000, for the account of the Lender (or at such other place for the account of the Lender as the Lender may from time to time in writing specify to the Borrower) in immediately available and freely transferable fundsfunds at the place of payment. All payments shall be paid in full without setoff or counterclaim and without reduction for and free from any and all taxes, levies, duties, fees, charges, deductions, withholdings, restrictions or conditions of any nature imposed by any government or any political subdivision or taxing authority thereof.

Appears in 1 contract

Samples: Loan Agreement (First Place Financial Corp /De/)

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Place and Application. All payments of principal, interest, fees and --------------------- all other amounts payable hereunder shall be made to the Lender at ***, for at______________________________for the account of the Lender (or Lender(or at such other place for the account of the Lender as the Lender may from time to time in writing specify to the Borrower) in immediately available and freely transferable fundsfunds at the place of payment. All payments shall be paid in full without setoff or counterclaim and without reduction for and free from any and all taxes, levies, duties, fees, charges, deductions, withholdings, restrictions or conditions of any nature imposed by any government or any political subdivision or taxing authority thereof.

Appears in 1 contract

Samples: Loan Agreement (Richmond Country Financial Corp)

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