Common use of Manner and Place Clause in Contracts

Manner and Place. All payments of principal, interest, fees and other amounts due under the Loan Documents must be received by Administrative Agent in immediately available funds in Dollars on or before Noon (Central Time) on the due date therefor at the principal office of Administrative Agent set forth in Section 10.7 hereof or at such other place as Administrative Agent may designate from time to time. For purposes of facilitating the funding of the Advances and payments of amounts due hereunder, Borrower has established the Account with Administrative Agent. With respect to any principal, interest, periodic facility fee or other fee, or any other cost or expense due and payable to Administrative Agent or any Lender under the Loan Documents, Borrower hereby irrevocably authorizes Administrative Agent to debit the Account maintained with Administrative Agent in an amount such that the aggregate amount debited from such Account does not exceed such principal, interest, fee or other cost or expense. If there are insufficient funds in the Account to cover the amount of the fee or other cost or expense then due, such debits will be reversed (in whole or in part, in Administrative Agent's sole discretion) and such amount not debited shall be deemed to be unpaid. No such debit under this Section shall be deemed a set-off.

Manner and Place. All payments of principal, interest, fees and other amounts due under the Loan Documents must be received by Administrative Agent in immediately available funds in Dollars on or before Noon (Central Time) on the due date therefor at the principal office of Administrative Agent set forth in Section 10.7 hereof or at such other place as Administrative Agent may designate from time to time. For purposes of facilitating the funding of the Advances and payments of amounts due hereunder, the Borrower has established the Account with the Administrative Agent. With respect to any principal, interest, periodic facility fee or other fee, or any other cost or expense due and payable to the Administrative Agent or any Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit the Account maintained with the Administrative Agent in an amount such that the aggregate amount debited from such Account does not exceed such principal, interest, fee or other cost or expense. If there are insufficient funds in the Account to cover the amount of the fee or other cost or expense then due, such debits will be reversed (in whole or in part, in the Administrative Agent's sole discretion) and such amount not debited shall be deemed to be unpaid. No such debit under this Section shall be deemed a set-off.