Common use of Promise to Pay; Manner of Payment Clause in Contracts

Promise to Pay; Manner of Payment. Borrower absolutely and unconditionally promises to pay, when due and payable pursuant hereto, principal, interest and all other amounts and Obligations payable hereunder and under any other Loan Document, without any right of rescission and without any deduction whatsoever, including any deduction for set-off, recoupment or counterclaim, notwithstanding any damage to, defects in or destruction of the Collateral or any other event, including obsolescence of any property or improvements. Any payments made by the Credit Parties (other than payments automatically paid through Advances under the Revolving Facility as provided herein) shall be made by wire transfer on the date when due, without offset, deduction or counterclaim in immediately available funds to such account as may be indicated in writing by Agent to Borrower from time to time. Any such payment received after 2:00p.m. (New York City time) on any date shall be deemed received on the next succeeding Business Day, and any applicable interest or fees shall continue to accrue in respect thereof. Whenever any payment under any Loan Document shall be stated to be due or shall become due and payable on a day other than a Business Day, the due date thereof shall be extended to, and such payment shall be made on, the next succeeding Business Day, and such extension of time in such case shall be included in the computation of payment of any interest (at the interest rate in effect during such extension) and/or fees, as the case may be. All payments of principal, interest, fees, expenses and all other amounts hereunder shall be payable in Dollars.

Promise to Pay; Manner of Payment. Borrower Each Credit Party absolutely and unconditionally promises to pay, when due and payable pursuant hereto, principal, interest and all other amounts and Obligations payable by such Credit Party hereunder and under any other Loan Document, without any right of rescission and without any deduction whatsoeverwhatsoever (subject to Section 6.13), including any deduction for set-off, recoupment or counterclaim, notwithstanding any damage to, defects in or destruction of the Collateral or any other event, including obsolescence of any property or improvements. Any payments made by the Credit Parties (other than payments automatically paid through Revolving Advances under the a Revolving Facility as provided herein) shall be made only by wire transfer on the date when due, without offset, deduction or counterclaim counterclaim, in Dollars, in immediately available funds to such account as may be indicated in writing by Agent to Borrower Borrowers from time to time. Any such payment received after 2:00p.m. (2:00 p.m. New York City time) time on any date shall be deemed received on the next succeeding following Business Day, and any applicable interest or fees shall continue to accrue in respect thereof. Whenever any payment under any Loan Document hereunder shall be stated to be due or shall become due and payable on a day other than a Business Day, the due date thereof shall be extended to, and such payment shall be made on, the next succeeding Business Day, and such extension of time in such case shall be included in the computation of payment of any interest (at the interest rate then in effect during such extension) and/or fees, as the case may be. All payments of principal, interest, fees, expenses and all other amounts hereunder shall be payable in Dollars.

Promise to Pay; Manner of Payment. Borrower absolutely and unconditionally promises to pay, when due and payable pursuant hereto, principal, interest and all other amounts and Obligations payable payable, hereunder and or under any other Loan Document, without any right of rescission and without any deduction whatsoever, including any deduction for set-off, recoupment or counterclaim, notwithstanding any damage to, defects in or destruction of the Collateral or any other event, including Loan and Security Agreement (Ashford) obsolescence of any property or improvements. Any payments made by the Credit Parties Borrower (other than payments automatically paid through Advances under the Revolving Facility Loan as provided herein) herein or with funds contained in the Blocked Account), shall be made only by wire transfer on the date when due, without offset, deduction or counterclaim counterclaim, in Dollars, in immediately available funds to such account as may be indicated in writing by Agent Lender to Borrower from time to time. Any such payment received after 2:00p.m. 2:00 p.m. (New York City time) on any date shall be deemed received on the next succeeding following Business Day, and any applicable interest or fees shall continue to accrue in respect thereof. Whenever any payment under any Loan Document hereunder shall be stated to be due or shall become due and payable on a day other than a Business Day, the due date thereof shall be extended to, and such payment shall be made on, the next succeeding Business Day, and such extension of time in such case shall be included in the computation of payment of any interest (at the interest rate then in effect during such extension) and/or fees, as the case may be. All payments of principal, interest, fees, expenses and all other amounts hereunder shall be payable in Dollars.

Promise to Pay; Manner of Payment. Borrower Borrowers absolutely and unconditionally promises promise to pay, pay when due and payable pursuant heretohereunder, principal, interest and all other amounts and Obligations payable hereunder and or under any other Loan Document, without any right of rescission and without any deduction whatsoever, including any deduction for set-off, recoupment or counterclaim, or defense for any reason (other than the indefeasible payment in full in cash of the principal, interest and all other amounts and Obligations payable hereunder and under any other Loan Document) and notwithstanding any damage to, defects in or destruction of the Collateral or any other event, including obsolescence of any property or improvements. Any payments made by the Credit Parties Borrowers (other than payments automatically paid through Advances under the Revolving Facility as provided herein) ), shall be made only by wire transfer on the date when due, without offset, deduction deduction, or counterclaim counterclaim, in U.S. dollars, in immediately available funds to such account as may be indicated in writing by Agent to Borrower Borrowers from time to time. Any such payment received after 2:00p.m. (2:00 p.m. New York City time) time on any date shall be deemed received on the next succeeding following Business Day, and any applicable interest or fees shall continue to accrue in respect thereof. Whenever any payment under any Loan Document hereunder shall be stated to be due or shall become due and payable on a day other than a Business Day, the due date thereof shall be extended to, and such payment shall be made on, the next succeeding Business Day, and such extension of time in such case shall be included in the computation of payment of any interest (at the interest rate then in effect during such extension) and/or fees, as the case may be. All payments of principal, interest, fees, expenses and all other amounts hereunder shall be payable in Dollars.