Appropriate Payment Office definition
Examples of Appropriate Payment Office in a sentence
Notwithstanding anything else herein to the contrary, all payments made by Borrowers or Borrower Representative on behalf of Borrowers under this Agreement, whether principal or interest payments, fees, expenses or other charges hereunder, shall be made at the Appropriate Payment Office and all notices made by Borrowers or Borrower Representative on behalf of Borrowers under this Agreement shall be made at the Appropriate Notice Office.
The balance of the Obligations requiring the payment of money, if any, shall be payable by Borrowers to Agents for distribution to Lenders, as appropriate, as and when provided in this Agreement, the Other Agreements or the Security Documents, or on demand, whichever is later, in each case at the Appropriate Payment Office.
The Company understands and acknowledges that the ---------------- number of shares of Common Stock issuable upon purchases pursuant to this Agreement will increase in certain circumstances including, but not necessarily limited to, the circumstance wherein the trading price of the Common Stock declines during the period between the Effective Date and the end of the Open Period.
Costs, fees and charges payable pursuant to this Agreement shall be payable by Borrowers to Agent, Canadian Agent or U.K. Agent, as applicable, at the Appropriate Payment Office, as and when provided in Section 2 or Section 3 hereof, as applicable, to Agent, Canadian Agent, U.K. Agent or a Lender, as applicable, or to any other Person designated by Agent, Canadian Agent, U.K. Agent or such Lender in writing.
The Administrative Agent or the Multi-Currency Agent, as applicable, promptly will make available to the requesting Borrower by depositing to its account at such Appropriate Payment Office the aggregate of the amounts received made available in the type of funds received.
Borrowers may prepay a LIBOR Portion and Canadian BA Rate Loans at the Appropriate Payment Office only upon at least three (3) Business Days prior written notice to Agent, U.K. Agent or Canadian Agent, as applicable (which notice shall be irrevocable).
Notwithstanding the foregoing, each Lender hereby agrees to (i) use good faith efforts to change its Appropriate Payment Office, if such change (A) would eliminate the necessity for the payment of such additional amounts and (B) not have an adverse effect on such Lender and (ii) treat the Borrowers in substantially the same manner as it treats all similarly situated borrowers with respect to the requirement to pay such additional amounts.
All amounts shall be made available to the Administrative Agent in US dollars in immediately available funds at the Appropriate Payment Office and upon fulfillment of the applicable conditions set forth in Section 5, the Administrative Agent promptly will make available to the requesting Borrower by depositing to its account at such Appropriate Payment Office the aggregate of the amounts so made available in the type of funds received.
If the requested form of such Letter of Credit is acceptable to the Appropriate Letter of Credit Issuer that is issuing such Letter of Credit in its sole discretion, such Letter of Credit Issuer will, upon fulfillment of the applicable conditions set forth in Section 5, make such Letter of Credit available to the requesting Borrower at the Appropriate Payment Office or as otherwise agreed with such Borrower in connection with such issuance.
Costs, fees and charges payable pursuant to this Agreement shall be payable as and when provided in Section 2 or Section 3, as applicable, by Borrowers to each applicable Agent and each applicable Collateral Agent through Agent at the Appropriate Payment Office to such Agent or such Collateral Agent or to any other Person designated by such Agent or such Collateral Agent.