Common use of TIME AND MANNER OF PAYMENTS Clause in Contracts

TIME AND MANNER OF PAYMENTS. Except as otherwise expressly set forth herein, all payments of principal, interest and fees hereunder and under the Notes shall be in lawful currency of the United States of America, in immediately available (same day) funds, and delivered to the Administrative Agent at its Lending Office for its account, the account of the Lenders, the account of the Swing Line Lender or the account of the Issuing Bank, as the case may be (or in the case of Swing Line Loans and if so directed by the Swing Line Lender, delivered directly to the Swing Line Lender), not later than 12:00 noon (Eastern time) on the date due. As soon as is practicable thereafter, the Administrative Agent shall cause to be distributed like funds relating to the payment of principal or interest or fees ratably to the Lenders in accordance with their respective Percentages (other than amounts payable pursuant to Sections 2.11.1, 3.4 and 3.5, which are to be distributed other than ratably). Funds received by the Administrative Agent after the time specified in the first sentence of this paragraph shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 2 contracts

Samples: Credit Agreement (America Service Group Inc /De), Credit Agreement (America Service Group Inc /De)

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TIME AND MANNER OF PAYMENTS. Except as otherwise expressly set forth herein, all payments of principal, interest and fees hereunder and under the Notes shall be in lawful currency of the United States of America, in immediately available (same day) funds, and delivered to the Administrative Agent at its Lending Office for its account, the account of the Lenders, the account of the Swing Line Lender or the account of the Issuing Bank, as the case may be (or in the case of Swing Line Loans and if so directed by the Swing Line Lender, delivered directly to the Swing Line Lender), not later than 12:00 noon 11:00 a.m. (Eastern Central time) on the date due. As soon as is practicable thereafter, the Administrative Agent shall cause to be distributed like funds relating to the payment of principal or interest or fees ratably to the Lenders in accordance with their respective Percentages (other than amounts payable pursuant to Sections 2.11.1, 3.4 and 3.5, which are to be distributed other than ratably). Funds received by the Administrative Agent after the time specified in the first sentence of this paragraph shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (America Service Group Inc /De)

TIME AND MANNER OF PAYMENTS. Except as otherwise expressly set forth herein, all payments of principal, interest and fees hereunder and under the Notes shall be in lawful currency of the United States of America, in immediately available (same day) funds, and delivered to the Administrative Agent at its Lending Office for its account, the account of the Lenders, the account of the Swing Line Swingline Lender or the account of the Issuing Bank, as the case may be (or or, in the case of Swing Line Swingline Loans and if so directed in writing by the Swing Line Swingline Lender, delivered directly to the Swing Line Swingline Lender), not later than 12:00 noon 11:00 a.m. (Eastern Central time) on the date due. As soon as is practicable thereafter, the Administrative Agent shall cause to be distributed like funds relating to the payment of principal or interest or fees ratably to the Lenders in accordance with their respective Percentages (other than amounts payable pursuant to Sections 2.11.12.13.1, 3.4 and 3.5, which are to be distributed other than ratably). Funds received by the Administrative Agent after the time specified in the first sentence of this paragraph shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (I Trax Inc)

TIME AND MANNER OF PAYMENTS. Except as otherwise expressly set forth herein, all payments of principal, interest and fees hereunder and under the Notes shall be in lawful currency of the United States of America, in immediately available (same day) funds, and delivered to the Administrative Agent at its Lending Office for its account, the account of the Lenders, the account of the Swing Line Swingline Lender or the account of the Issuing Bank, as the case may be (or or, in the case of Swing Line Swingline Loans and if so directed in writing by the Swing Line Swingline Lender, delivered directly to the Swing Line Swingline Lender), not later than 12:00 noon (Eastern time) on the date due. As soon as is practicable thereafter, the Administrative Agent shall cause to be distributed like funds relating to the payment of principal or interest or fees ratably to the Lenders in accordance with their respective Percentages (other than amounts payable pursuant to Sections 2.11.12.12.1, 3.4 and 3.5, which are to be distributed other than ratably). Funds received by the Administrative Agent after the time specified in the first sentence of this paragraph shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Cti Inc /Tn)

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TIME AND MANNER OF PAYMENTS. Except as otherwise expressly set forth herein, all payments of principal, interest and fees hereunder and under the Notes shall be in lawful currency of the United States of America, in immediately available (same day) funds, and delivered to the Administrative Agent at its Lending Office for its account, the account of the Lenders, the account of the Swing Line Swingline Lender or the account of the Issuing Bank, as the case may be (or or, in the case of Swing Line Swingline Loans and if so directed in writing by the Swing Line Swingline Lender, delivered directly to the Swing Line Swingline Lender), not later than 12:00 noon 11:00 a.m. (Eastern Central time) on the date due. As soon as is practicable thereafter, the Administrative Agent shall cause to be distributed like funds relating to the payment of principal or interest or fees ratably to the Lenders in accordance with their respective Percentages (other than amounts payable pursuant to Sections 2.11.12.12.1, 3.4 and 3.5, which are to be distributed other than ratably). Funds received by the Administrative Agent after the time specified in the first sentence of this paragraph shall be deemed to have been paid by the Borrower on the next succeeding Business Day.

Appears in 1 contract

Samples: Credit Agreement (Symbion Inc/Tn)

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