Common use of Place and Manner of Payments Clause in Contracts

Place and Manner of Payments. Except as otherwise specifically provided herein, all payments by the Lessee Agent or the Lessee hereunder, under the Master Lease or under any other Operative Document shall be made to the Administrative Agent in Dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, to the Account in Chicago, Illinois not later than 12:00 p.m. (Noon) (Chicago time) on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. Administrative Agent shall send an invoice to Lessee Agent for Basic Rent, Supplemental Rent and other amounts due hereunder prior to such amounts being due hereunder. The Lessee Agent or the Lessee shall, at the time it makes any payment under any Operative Document, specify to the Administrative Agent the Loans and Certificate Holder Amounts, fees or other amounts payable by the Lessee Agent or the Lessee hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders and the Certificate Holders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by Lessee Agent or the Lessee subject to the terms of Section 4.6). The Administrative Agent will distribute such payments to such Lenders and Certificate Holders in accordance with Article VII, if any such payment is received prior to 2:00 p.m. (Chicago time) on a Business Day in like funds as received prior to such time, and otherwise the Administrative Agent will distribute such payment to such Lenders and Certificate Holders on the next succeeding Business Day. Whenever any payment hereunder 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 Business Day (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar Loans/Certificate Holder Amounts, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day.

Place and Manner of Payments. Except as otherwise specifically provided herein, all payments by the Lessee Agent or the Lessee hereunder, under the Master Lease or under any other Operative Document hereunder shall be made to the Administrative Agent (as assignee of the Lessor pursuant to the Assignment of Lease and Rent) in Dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, to the Account in Chicago, Illinois not later than 12:00 2:00 p.m. (Noon) (Chicago New York time) on the date when due, and the Lessor hereby directs the Lessee to pay to the Administrative Agent the Rent from time to time due under the Lease for distribution by the Administrative Agent in accordance with Article VII. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. Administrative Agent shall send an invoice to Lessee Agent for Basic Rent, Supplemental Rent and other amounts due hereunder prior to such amounts being due hereunder. The Lessee Agent or the Lessee shall, at the time it makes any payment under any Operative Document, specify to the Administrative Agent the Loans and Certificate Holder AmountsBasic Rent, fees Supplemental Rent, Property Cost, Fees or other amounts payable by the Lessee Agent or the Lessee hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders and the Certificate Holders Participants in such manner as the Administrative Agent Participants may determine to be appropriate in respect of obligations owing by Lessee Agent or the Lessee subject to the terms of Section 4.6Lessee). The Administrative Agent will distribute such payments to such Lenders and Certificate Holders the Participants in accordance with Article VII, VII if any such payment is received prior to 2:00 p.m. (Chicago New York time) on a Business Day in like funds as received prior to the end of such time, Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders and Certificate Holders the Participants on the next succeeding Business Day. Whenever any payment hereunder 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 (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar LIBOR Loans/Certificate Holder Capital/Lessor Amounts, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be by made on the next preceding Business Day.

Place and Manner of Payments. Except as otherwise specifically provided herein, all payments by the Lessee Agent or the Lessee hereunder, under the Master Lease or under any other Operative Document shall be made to the Administrative Agent in Dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, to the Account in ChicagoCleveland, Illinois Ohio not later than 12:00 p.m. (Noon) (Chicago Cleveland, Ohio time) on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. Administrative Agent shall send an invoice to Lessee Agent for Basic Rent, Supplemental Rent and other amounts due hereunder prior to such amounts being due hereunder. The Lessee Agent or the Lessee shall, at the time it makes any payment under any Operative Document, specify to the Administrative Agent the Loans and Certificate Holder AmountsBasic Rent, fees Property Cost, Fees, Supplemental Rent or other amounts payable by the Lessee Agent or the Lessee hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders Purchasers and the Certificate Holders Lessor in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by Lessee Agent or the Lessee subject to the terms of Section 4.6). The Administrative Agent will distribute such payments to such Lenders and Certificate Holders the Lessor in accordance with Article VII, if any such payment is received prior to 2:00 p.m. (Chicago Cleveland, Ohio time) on a Business Day in like funds as received prior to such time, and otherwise the Administrative Agent will distribute such payment to such Lenders Purchasers and Certificate Holders the Lessor on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not Tandem Health Care of Ohio, Inc. Participation Agreement a Business Day, the due date thereof shall be extended to the next Business Day (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar LoansCapital/Certificate Holder Lessor Amounts, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day.

Place and Manner of Payments. Unless otherwise provided herein, whenever any payment of principal, interest, fees or any other payment to be made hereunder becomes due on a day other than a Business Day, such payment may be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of the amount of interest then to be paid. Except as otherwise specifically expressly provided herein, all payments by the Lessee Agent or the Lessee hereunder, under the Master Lease or under any other Operative Document shall be made to the Administrative Agent in US Dollars immediately available funds, and shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff, at the Agent's office specified in Section 10.8 not later than 2:00 P.M. (Charlotte, North Carolina time). Payments of interest and principal on any Foreign Currency Loan shall be made to the Agent in the applicable Available Foreign Currency in immediately available funds, and shall be made without offsetcondition or deduction for any counterclaim, deductiondefense, counterclaim recoupment or withholding of any kindsetoff, at the account specified by the Agent for payments by the Borrower in the applicable Available Foreign Currency. Such deposit will be made to such accounts in the primary market for such Foreign Currencies as the Administrative Agent shall specify from time to time by notice to the Account in ChicagoLenders. To the extent funds are received from the Lenders, Illinois not later than 12:00 p.m. (Noon) (Chicago time) on the date when dueAdministrative Agent shall promptly make such funds available to the Borrower by wire transfer to such accounts as the Borrower shall have specified to the Administrative Agent. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. Administrative The Borrower and the Banks hereby authorize the Agent to debit the deposit accounts of the Borrower, or to advance Revolving Credit Loans on the Borrower's behalf, at the time any payment by the Borrower to the Agent under this Credit Agreement is due, in the amount of the required payment. Except as expressly provided otherwise herein, all computations of interest and fees shall send an invoice be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to Lessee Agent for Basic Rentcomputation of interest on Base Rate Loans which (unless such rate is determined by reference to the Federal Funds Rate) shall be calculated based on a year of 365 or 366 days, Supplemental Rent and other amounts due hereunder prior to such amounts being due hereunderas appropriate. The Lessee Agent or the Lessee Borrower shall, at the time it makes any payment under any Operative Documentthis Credit Agreement, specify to the Administrative Agent the Loans and Certificate Holder AmountsLoans, fees LOC Obligations, fees, interest or other amounts payable by the Lessee Agent or the Lessee Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders and the Certificate Holders Banks in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by Lessee Agent or the Lessee Borrower hereunder, subject to the terms of Section 4.6). The Administrative Agent will distribute such payments to such Lenders and Certificate Holders in accordance with Article VII, if any such payment is received prior to 2:00 p.m. (Chicago time) on a Business Day in like funds as received prior to such time, and otherwise the Administrative Agent will distribute such payment to such Lenders and Certificate Holders on the next succeeding Business Day. Whenever any payment hereunder 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 Business Day (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar Loans/Certificate Holder Amounts, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day2.11.

Place and Manner of Payments. Except as otherwise specifically provided herein, all payments by the Lessee Agent or the Lessee hereunder, under the Master Lease or under any other Operative Document hereunder shall be made to the Administrative Agent (as assignee of the Lessor pursuant to the Assignment of Lease, Rent and CAA) in Dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, to the Account in Chicago, Illinois not later than 12:00 2:00 p.m. (Noon) (Chicago New York time) on the date when due, and the Lessor hereby directs the Lessee to pay to the Administrative Agent the Rent from time to time due under the Lease for distribution by the Administrative Agent in accordance with Article VII. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. Administrative Agent shall send an invoice to Lessee Agent for Basic Rent, Supplemental Rent and other amounts due hereunder prior to such amounts being due hereunder. The Lessee Agent or the Lessee shall, at the time it makes any payment under any Operative Document, specify to the Administrative Agent the Loans and Certificate Holder Lessor Amounts, fees Fees or other amounts payable by the Lessee Agent or the Lessee hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders and the Certificate Holders Participants in such manner as the Administrative Agent Participants may determine to be appropriate in respect of obligations owing by Lessee Agent or the Lessee subject to the terms of Section 4.6)Lessee. The Administrative Agent will distribute such payments to such Lenders and Certificate Holders the Participants in accordance with Article VII, VII if any such payment is received prior to 2:00 p.m. (Chicago New York time) on a Business Day in like funds as received prior to the end of such time, Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders and Certificate Holders the Participants on the next succeeding Business Day. Whenever any payment hereunder 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 (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar LIBOR Loans/Certificate Holder Lessor Amounts, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be by made on the next preceding Business Day.