Place and Means of Payment. All fees and other amounts due to Manager or its Affiliates under this Agreement, including, without limitation Reimbursable Expenses, shall be paid to Manager in U.S. Dollars, in immediately available funds. Manager may pay such fees and other amounts owed to Manager or its Affiliates consistent with this Agreement and the Annual Budget directly from the Operating Account. In addition, Manager may require that any such payments to Manager hereunder be effected through electronic debit/credit transfer of funds programs specified by Manager from time to time, and Tenant agrees to execute such documents (including independent transfer authorizations), pay such fees and costs and do such things as Manager reasonably deems necessary to effect such transfers of funds.
Place and Means of Payment. All fees and other amounts due to Manager or its Affiliates under this Agreement, including, without limitation, Management Fees, Centralized Services Charges and Reimbursable Expenses, shall be paid to Manager in U.S. Dollars, in immediately available funds. Manager may pay such fees and other amounts owed to Manager or its Affiliates consistent with this Agreement and the Annual Budget directly from the Operating Account or, in the case of Management Fees, Management Account when such fees and other amounts are due. In addition, Manager may require that any such payments to Manager hereunder be effected through electronic debit/credit transfer of funds programs specified by Manager from time to time, and Owner agrees to execute such documents (including independent transfer authorizations), pay such fees and costs and do such things as Manager reasonably deems necessary to effect such transfers of funds.
Place and Means of Payment. All fees and other amounts due to Manager or its Affiliates under this Agreement shall be paid to Manager in U.S. Dollars, in immediately available funds, at the location(s) specified by Manager from time to time.
Place and Means of Payment. 3.4.1 All amounts payable to Westin or its Affiliates under this Agreement shall be paid to Westin (or, if applicable, its Affiliates) in United States Dollars, in immediately available funds, without reduction for any withholding tax, value added tax, or other assessment required under the laws of any applicable jurisdiction.
3.4.2 All payments made to Westin or its Affiliates by Owner under this Agreement shall be made to Westin at the place for the giving of notice to Westin set forth in Section 12.8, or to such other place as Westin shall designate to Owner in writing.
3.4.3 At Westin’s option, payments due Westin or its Affiliates from Owner under this Agreement, may be made by Westin electronically out of the appropriate bank account or accounts established under Section 3.5, in accordance with Section 3.5.4 below and Westin’s applicable accounting policies in effect from time to time and provided or made available to Owner in advance thereof.
3.4.4 All disbursements of funds made by Westin to Owner under this Agreement shall be made to an account designated in writing by Owner from time to time or, if no such designation has been made, to the place for the giving of notice to Owner set forth in Section 12.8.
3.4.5 Except as set forth in the following sentence, any and all amounts that may become due from either party to the other or its Affiliates under this Agreement shall bear interest from and after the respective due dates thereof until the date on which the amount is received in the bank account designated by Westin or Owner, as the case may be, at the annual rate of the lesser of (a) nine percent (9%), and (b) the maximum rate allowed by applicable law. The parties hereto agree that interest shall in no event accrue on (i) the Westin Investment Amount, unless (and then only to the extent) any portion thereof is not paid when due pursuant to the terms of this Agreement or (ii) any payment to Westin properly deferred pursuant to Section 3.5.4 or as otherwise provided in this Agreement.
Place and Means of Payment. All fees and other amounts due to Manager or its Affiliates under this Agreement shall be paid to Manager in U.S. Dollars, in immediately available funds, at the location(s) specified by Manager from time to time. Manager may pay such fees and other amounts owed to Manager or its Affiliates directly from the Operating Account and if sufficient funds are not then available in the Operating Account Tenant will promptly provide sufficient funds therefor upon the request of Manager. In addition, Manager may require that any such payments be effected through electronic debit/credit transfer of funds programs specified by Manager from time to time, and Tenant agrees to execute such documents (including independent transfer authorizations), pay such fees and costs and do such things as Manager reasonably deems necessary to effect such transfers of funds.
Place and Means of Payment. 3.4.1 All amounts payable to Manager or its Affiliates under this Contract (a) shall be paid to Manager in United States Dollars, in immediately available funds, but [***] any withholding tax, value added tax and any other assessment, tax, duty, levy or charge required under the [***] any [***] and (b) shall be made to Manager electronically by wire transfer out of the Operating Account on the date specified for payment in Section 3.1, 3.2 or 3.3, as applicable.
3.4.2 Any and all amounts that may become due to Manager from Owner under this Contract and which shall not be timely paid shall bear interest from and after the respective due dates thereof until the date on which the amount is received in the bank account designated by Manager, at an annual rate of interest equal to the lesser of (a) the prevailing lending rate of Manager's principal bank for working capital loans to Manager plus three percent (3%), or (b) the highest rate permitted by applicable law.
3.4.3 Any and all amounts that may become due to Owner from Manager under this Contract and which shall not be timely paid shall bear interest from and after the respective due dates thereof until the date on which the amount is received in the bank account designated by Owner, at an annual rate of interest equal to the lesser of (a) the prevailing lending rate of Owner's principal bank for working capital loans to Owner plus three percent (3%), or (b) the highest rate permitted by applicable law.
Place and Means of Payment. 3.4.1 All amounts payable to either Party under this Agreement shall be paid in United States Dollars in immediately available funds.
3.4.2 All payments made to a Party by the other Party under this Agreement shall be made at the place for the giving of notice to the receiving Party set forth in Section 10.5, or to such other place as the receiving Party shall designate in accordance with the notice provisions of Section 10.5.
3.4.3 Unless otherwise stated herein, any and all amounts that may become due to a Party from the other Party hereunder shall bear interest from and after the respective due dates thereof until the date on which the amount is received in the bank account designated by the receiving Party, at the annual rate of the lesser of: (a) ten percent (10%), and (b) the maximum rate allowed by applicable law; provided that no interest shall be payable on amounts owed by Lessee to Operator that Operator is authorized to pay directly to itself under the terms of this Agreement (unless there are insufficient funds in the Hotel Operating Account and Lessee has failed to provide adequate funds following request by Operator in accordance with this Agreement).
Place and Means of Payment. 17 3.6 DISBURSEMENT OF FUNDS TO OWNER; OWNER'S PROVISION OF FUNDS ................18
Place and Means of Payment. The Base Management Fee shall be shall be paid to Manager monthly in arrears following Manager’s delivery of the Operator’s Report for such month to Operator (provided Operator makes no objections thereto) and shall be reconciled on an annual basis as provided in Section 3.3 below. The Incentive Management Fee shall be paid to Manager annually following Manager’s delivery of the final year-end financial statement for the Hotel for such Fiscal Year. The Accounting Fee shall be paid to Manager monthly in arrears following Manager’s delivery of the Monthly Reports. All amounts payable to Manager or its Affiliates under this Agreement, except as otherwise specifically provided in this Agreement, (a) shall be paid to Manager in United States dollars, in immediately available funds, and (b) shall be made to Manager at the place for the giving of notice to Manager as set forth in Article 13.
Place and Means of Payment. All fees and other amounts due to Manager or its Affiliates under this Agreement shall be paid to Manager in U.S. Dollars, in immediately available funds, at the location(s) specified by Manager from time to time. Subject to the requirements of the then existing Financing Documents, Manager may pay such fees and other amounts owed to Manager or its Affiliates directly from the Operating Account, and if (a) sufficient funds are not then available in the Operating Account; and (b) Owner does not provide sufficient funds therefor pursuant to, and within ten (10) days following, any Operating Funds Request made by Manager in accordance with Section 5.5.4, Manager shall have the right to pay such amounts from the Reserve Fund, in which case Owner shall replenish the Reserve Fund in the amount of such withdrawal by Manager in accordance with the foregoing within thirty (30) days following Manager’s delivery of notice thereof to Owner. In addition, Manager may require that any such payments be effected through electronic debit/credit transfer of funds programs specified by Manager from time to time, and Owner agrees to execute such documents (including independent transfer authorizations), pay such fees and costs and do such things as Manager reasonably deems necessary to effect such transfers of funds.
