Common use of Receipt of Payments Clause in Contracts

Receipt of Payments. Borrower shall make each payment under this Agreement not later than 2:00 p.m. (New York City time) on the day when due in lawful money of the United States of America in immediately available funds to Lender's depository bank in the United States as designated by Lender from time to time for deposit in Lender's depositary account. For purposes only of computing interest hereunder, all payments shall be applied by Lender to the Loan on the date payment has been credited by Lender's depository bank to Lender's account in immediately available funds.

Receipt of Payments. Borrower shall make each payment under this 1998 Credit Agreement not later than 2:00 p.m. 3:00 P.M. (New York City time) on the day when due in lawful money of the United States of America in immediately available funds to Lender's Lenders' depository bank in the United States as designated by Lender the Agent on behalf of the Lenders from time to time for deposit in Lender's depositary Lenders' depository account. For purposes only of computing interest hereunder, all payments shall be applied by Lender to the Loan Lenders on the date day payment has been credited by Lender's Lenders' depository bank to Lender's Lenders' account in immediately available funds.

Receipt of Payments. Borrower shall make each payment under this Agreement not later than 2:00 p.m. 3:00 P.M. (New York City time) on the day when due in lawful money of the United States of America in immediately available funds to Lender's depository depositary bank in the United States as designated by Lender from time to time for deposit in Lender's depositary account. For purposes only of computing interest hereunder, all ail payments shall be applied by Lender to the Loan on the date day payment has been credited by Lender's depository bank to Lender's account in immediately available funds.

Receipt of Payments. Borrower Borrowers shall make each payment under ------------------- this Credit Agreement not later than 2:00 3:00 p.m. (New York City time) on the day when due in lawful money of the United States of America in immediately available funds to Lender's Lenders' depository bank in the United States as designated by Lender the Agent on behalf of the Lenders from time to time for deposit in Lender's depositary Lenders' depository account. For purposes only of computing interest hereunder, all payments shall be applied by Lender to the Loan Lenders on the date day payment has been credited by Lender's Lenders' depository bank to Lender's Lenders' account in immediately available funds.

Receipt of Payments. Borrower shall make each payment under this Agreement not later than 2:00 p.m. 1:00 P.M. (New York City time) on the day when due in lawful money of the United States of America in immediately available funds to Lender's depository bank Lender through the New York clearing House Interbank Payments System by deposit to such account as Lender may designate in the United States writing or such other place as designated by Lender may designate from time to time for deposit in Lender's depositary account. For purposes only of computing interest hereunder, all payments shall be applied by Lender writing to the Loan on the date payment has been credited by Lender's depository bank to Lender's account in immediately available fundsBorrower.