Place and Form of Payments; Extension of Time. All payments of principal, interest, premium, and other sums due to the Lender shall be made at the Lender's address set forth in Section 14.11. Except for Proceeds received directly by the Lender, all such payments shall be made in immediately available funds. If any payment of principal, interest, premium, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
Place and Form of Payments; Extension of Time. All payments of principal, interest, premium, and other sums due to the Lender shall be made at the Lender's address set forth in SECTION 15.11. Except for Proceeds received directly by the Lender, all such payments shall be made in immediately available funds. If any payment of principal, interest, premium, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
Place and Form of Payments; Extension of Time. (a) All payments by the Borrowers of principal, interest, premium, and other sums due to the Agent and/or Lenders shall be made at the Agent's address set forth in SECTION 17.11 Except for Proceeds received directly by the Agent, all such payments shall be made in immediately available funds. Subject to the provisions set forth in the definition of "Interest Period", if any payment by the Borrowers of principal, interest, premium, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
(b) Unless the Agent receives notice from a Borrower prior to the date on which any payment is due to the Lenders that such Borrower will not make such payment in full as and when required, the Agent may assume that such Borrower has made such payment in full to the Agent on such date in immediately available funds and the Agent may (but shall not be so required), in reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent the Borrower has not made such payment in full to the Agent, each Lender shall repay to the Agent on demand such amount distributed to such Lender, together with interest thereon at the Federal Funds Rate for each day from the date such amount is distributed to such Lender until the date repaid.
Place and Form of Payments; Extension of Time. All payments of principal, interest, and other sums due to the Agent, or any Lender shall be made without offset, defense, or counterclaim at the Agent's address set forth in Section 11.11 of this Agreement. All such payments shall be made in Dollars and in immediately available funds. All payments required to be made to the Agent hereunder shall be made not later than 2:00 p.m. New York City time. Funds received after that time shall be deemed to have been received by the Agent on the next Business Day. If any payment of principal, interest, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, then, except as otherwise provided herein, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
Place and Form of Payments; Extension of Time. All payments of --------------------------------------------- principal, interest, premium and other sums due to the Agent and/or Lenders shall be made at the Agent's address set forth in or specified pursuant to Section 16.21. Except for Proceeds received directly by the Agent, all such payments shall be made in immediately available funds. If any payment of principal, interest, premium or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
Place and Form of Payments; Extension of Time. All payments of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premium and other sums due to the Agent or the Lenders shall be made at the Agent's address set forth in or specified pursuant to Section 14.7. Except for proceeds received directly by the Agent, all such payments shall be made in immediately available funds. If any payment of principal, interest, reimbursement obligations in connection with Letters of Credit, fees, premium, or other sums to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Interest Rate during such extension.
Place and Form of Payments; Extension of Time. All payments of --------------------------------------------- principal, interest, and other sums due to the Lender shall be made at the Lender's address determined in accordance with Section 15.
Place and Form of Payments; Extension of Time. All payments of principal, interest, premium, and other sums due to Lenders shall be made to The Bank of Bermuda International, New York, New York for credit to The Bank of Bermuda Limited, Xxxxxxxx Bermuda (or to such other accounts as Holder may direct Borrower). All such payments shall be made in immediately available funds in United States currency by noon Atlantic standard time (AST) on the date payment is to be made; provided, however, that Agent may elect, in its sole discretion, to receive payment for part or all of any accrued interest hereunder in kind in shares of Common Stock of Borrower, in lieu of immediately available funds, in such number of shares to be determined based upon the average closing bid price (as reported by the Nasdaq Stock Market) of the Common Stock of Borrower for the five (5) consecutive trading days immediately prior to the date that such interest is payable. If Agent elects to receive payment in kind in shares of Common Stock in accordance with this Section, the due date for such payment received in kind shall be extended three (3) Business Days and, on such extended due date, Borrower shall deliver to Agent stock certificates, together with any necessary stock powers and/or endorsements, evidencing the number of shares of Common Stock of Borrower required for such payment under this Section. If any payment of principal, interest, premium, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Interest Rate during such extension.
Place and Form of Payments; Extension of Time. All payments of principal, interest and other sums due to the Collateral Agent or the Lenders shall be made at the Collateral Agent's address set forth in or specified pursuant to Section 14.
Place and Form of Payments; Extension of Time. All payments by the Borrower of principal, interest, premium, and other sums due to the Lender shall be made at the Lender's address set forth in Section 15.11. Except for Proceeds received directly by the Lender, all such payments shall be made in immediately available funds. Subject to the provisions set forth in the definition of "Interest Period", if any payment by the Borrower of principal, interest, premium, or other sum to be made hereunder becomes due and payable on a day other than a Business Day, the due date of such payment shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable interest rate during such extension.
