General Provisions Regarding Payment. Borrower shall make each payment under this Agreement not later than noon (New York, NY time) on the day when due in immediately available funds in Dollars to Agent, at an account designated by Agent. For purposes of computing interest and Fees and determining Borrowing Availability as of any date, all payments shall be deemed received on the Business Day on which immediately available funds therefor are received in Agent’s account prior to noon New York, NY time. Payments received in the Agent’s account after noon New York, NY time on any Business Day or on a day that is not a Business Day shall be deemed to have been received on the following Business Day so long as such funds are available funds.
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Sources: Credit Agreement (Universal Logistics Holdings, Inc.)
General Provisions Regarding Payment. Borrower shall make each payment under this Agreement not later than noon 2:00 p.m. (New York, NY New York time) on the day when due in immediately available funds in Dollars to Agent, at an the account designated by Agentof ▇▇▇▇▇▇ provided to Borrower from time to time. For purposes of computing interest and Fees and determining Borrowing Availability as of any date, all payments shall be deemed received on the Business Day on which immediately available funds therefor are received in Agent’s account by Lender prior to noon 2:00 p.m. New York, NY New York time. Payments received in the Agent’s account by Lender after noon 2:00 p.m. New York, NY New York time on any Business Day or on a day that is not a Business Day shall be deemed to have been received on the following Business Day so long as such funds are available funds.
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