Common use of Time, Place, and Method of Payments Clause in Contracts

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 18 contracts

Samples: Credit Agreement (Rocky Mountain Energy Corp), Credit Agreement (Stratum Holdings, Inc.), Credit Agreement (Petroquest Energy Inc)

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Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Lenders on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made to the Agent at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 4 contracts

Samples: Credit Agreement (Middle Bay Oil Co Inc), Credit Agreement (Edge Petroleum Corp), Credit Agreement (Southern Mineral Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, ; shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., p.m. Central Standard or Daylight Savings Time, as the case may be, on any Business Day, ; and shall be made at the Principal OfficeOffice of the Lender. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, Day and interest shall be payable for any principal so extended for the period of such extension.

Appears in 3 contracts

Samples: Credit Agreement (Alamco Inc), Credit Agreement (Pontotoc Production Inc), Credit Agreement (GMX Resources Inc)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the Business Day received, or on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Central Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the Business Day received, or on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the Business Day received, or on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Timein Houston, as the case may beTexas, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Harken Energy Corp)

Time, Place, and Method of Payments. All payments required ----------------------------------- pursuant PaymentsII.7 Payments to this Agreement or the Note shall be made in lawful money of Notes the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Southern Mineral Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Credit Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Ultra Petroleum Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, ; shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., p.m. Central Standard or Daylight Savings Time, as the case may be, on any Business Day, ; and shall be made at the Principal OfficeOffice of the Lender. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, Day and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Fortune Natural Resources Corp)

Time, Place, and Method of Payments. All payments required ----------------------------------- pursuant to this Credit Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m.12:00 noon, Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Pendaries Petroleum LTD)

Time, Place, and Method of Payments. All payments required by Borrower pursuant to this Agreement Agreement, the Notes, or the Note any other Loan Document shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings TimeHouston, as the case may beTexas, time on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note any Loan Document would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

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Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (United Heritage Corp)

Time, Place, and Method of Payments. All payments required pursuant ---------------------------------- to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, ; shall be deemed received by the Lender Bank on the next Business Day following receipt if such receipt is after 2:00 p.m., p.m. Central Standard or Daylight Savings Time, as the case may be, on any Business Day, ; and shall be made at the Principal OfficeOffice of the Bank. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, Day and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Cmi Corp)

Time, Place, and Method of Payments. All payments required ----------------------------------- pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Agent on the Business Day received, or on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Sheridan Energy Inc)

Time, Place, and Method of Payments. All payments required pursuant ---------------------------------- to this Agreement or the Note shall be made in lawful money of the United States of America and in immediately available funds, ; shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., p.m. Central Standard or Daylight Savings Time, as the case may be, on any Business Day, ; and shall be made at the Principal OfficeOffice of the Lender. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, Day and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Canaan Energy Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender Administrative Agent on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement or the Note Notes shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the Business Day received, or on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Central Daylight Savings Time, as the case may be, on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note Notes would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Primeenergy Corp)

Time, Place, and Method of Payments. All payments required pursuant to this Agreement Agreement, the Note, or the Note any other Loan Document shall be made in lawful money of the United States of America and in immediately available funds, shall be deemed received by the Lender on the next Business Day following receipt if such receipt is after 2:00 p.m., Central Standard or Daylight Savings TimeHouston, as the case may beTexas, time on any Business Day, and shall be made at the Principal Office. Except as provided to the contrary herein, if the due date of any payment hereunder or under the Note any Loan Document would otherwise fall on a day which is not a Business Day, such date shall be extended to the next succeeding Business Day, and interest shall be payable for any principal so extended for the period of such extension.

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

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