Payments Generally definition

Payments Generally. All amounts owing in respect of the Credit Facilities, whether on account of principal, interest or fees or otherwise, shall be paid in the currency in which the Borrowing is outstanding. Each payment under this Agreement shall be made for value on the day the payment is due, provided that if that day is not a Business Day, the payment shall be due on the Business Day next following the day, unless the Business Day next following the day is in the next following month, in which event the payment shall be made on the immediately preceding Business Day. All interest and other fees shall continue to accrue until payment has been received by the Administrative Agent. Each payment shall be made, and each payment made hereunder shall be credited for same day value if received, at the Administrative Agent’s Account for Payments at or before 1:00 p.m. on the day the payment is due. Receipt by the Administrative Agent from the Borrowers of funds under this Agreement, as principal, interest, fees or otherwise, shall be deemed to be in receipt of those funds by the Lenders.
View Source

Examples of Payments Generally in a sentence

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs SECTION 2.19.

  • A notice of the Credit Facility Agent to any Lender or Issuing Bank with respect to any amount owing under this Section 4.14 (Advances and Payments Generally) shall be conclusive, absent manifest error.

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs.............................

  • Interest shall accrue on each Loan for the day on which the Loan is made, and, subject to Section 2.13(a) (Payments Generally), shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall bear interest for one day.

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs..........................

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs................................................

  • A notice of the Working Capital Facility Agent to any Working Capital Lender or Issuing Bank with respect to any amount owing under this Section 4.14 (Borrowings and Payments Generally) shall be conclusive, absent manifest error.

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs.......

  • A notice of the Term Loan Facility Agent to any Term Lender with respect to any amount owing under this Section 3.12 (Borrowings and Payments Generally) shall be conclusive, absent manifest error.

  • Payments Generally; Pro Rata Treatment; Sharing of Set-offs..............................