Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (New York City time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower. 11.2 If any sum payable by the Borrower under this Agreement or any of the Security Documents to which the Borrower is a party shall become due on a day which is not a Business Day, the due date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due date shall be the immediately preceding Business Day, and interest shall be payable on such sum during any such extension at the rate payable on the original due date. 11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement and all other sums owing by the Borrower under this Agreement and the Security Documents and all payments in respect thereof made by the Borrower from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower under this Agreement and the Security Documents. 11.4 All payments of interest and any other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) day year.
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Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (New York City time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. 000261123No ▇▇▇▇▇▇▇-1), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower.
11.2 If any sum payable by the Borrower under this Agreement or any of the Security Documents to which the Borrower is a party shall become due on a day which is not a Business Day, the due date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due date shall be the immediately preceding Business Day, and interest shall be payable on such sum during any such extension at the rate payable on the original due date.
11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement and all other sums owing by the Borrower under this Agreement and the Security Documents and all payments in respect thereof made by the Borrower from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower under this Agreement and the Security Documents.
11.4 All payments of interest and any other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) day year.
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Payments and Calculations. 11.1 All 12.1 The Agent shall notify the Borrower of the account of the Agent to which all payments to be made by the Borrower hereunder shall be paid. The Agent shall act as agent of the Borrower under the Credit Facilities and pay, or cause to be paid, on behalf of the Lender Borrower, the amounts to be paid when they are due in accordance with the terms of this Agreement.
12.2 All payments under this Agreement and any of to the Security Documents to which Banks or the Borrower is a party Agent shall be made by not later than 11.00 a.m. (New York City time) for value in Dollars on the date such payment is due date in same day Dollar funds settled through the New York Interbank Payments System (or in and at such other Dollar funds and/or settled in such other manner times as the Lender shall Banks or the Agent may specify to the Borrower as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the Borrowertransactions.
11.2 If any sum payable 12.3 All payments made by the Borrower under this Agreement shall be made without set-off, counterclaim or any of the Security Documents to which the Borrower is a party shall become condition.
12.4 If an amount payable under this Agreement becomes due on a day which is not a Business Day, the due payment date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due payment date shall be the immediately preceding Business Day, and interest shall be payable on such sum each day during any such extension at the rate payable on the original due payment date.
11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement and all other sums 12.5 If any amount owing by the Borrower under this Agreement and to a Bank (the Security Documents and all payments ’Recovering Bank’) is discharged by payment, set-off or any other manner other than through the Agent in respect thereof made accordance with Clause 12.1, then:
12.5.1 the Recovering Bank shall within three (3) Business Days, notify the Agent of details of the recovery;
12.5.2 the Agent shall determine whether the recovery is in excess of the amount which the Recovering Bank would have received had the recovery been received by the Borrower from time Agent and distributed in accordance with this Agreement;
12.5.3 the Recovering Bank shall within three (3) Business Days of demand by the Agent pay to time. Such accounts, in the absence Agent an amount (the ‘Redistribution’) equal to the excess of manifest error, the amount recovered by the Recovering Bank; and
12.5.4 the Agent shall be conclusive evidence treat the Redistribution as to any amounts from time to time owing if it were a payment by the Borrower under this Agreement and shall pay the Security DocumentsRedistribution to the Banks (other than the Recovering Bank) in accordance with Clause 12.1.
11.4 All payments of interest 12.6 If a Recovering Bank must subsequently return a recovery, or an amount measured by reference to a recovery, to the Agent and any the Recovering Bank has paid a Redistribution in relation to that recovery, then the other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) day year.Banks shall, within three
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Sources: Loan Agreement
Payments and Calculations. 11.1 All payments to be made by the Borrower Borrowers to the Lender under this Agreement and any of the Security Security. Documents to which either of the Borrower Borrowers is a party shall be made by not later than 11.00 a.m. (New York City London time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. No 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the BorrowerBorrowers.
11.2 If any sum payable by the Borrower Borrowers under this Agreement or any of the Security Documents to which either of the Borrower Borrowers is a party shall become due on a day which is not a Business Day, the due date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due date shall be the immediately preceding Business Day, and interest shall be payable on such sum during any such extension at the rate payable on the original due date.
11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement and all other sums owing by the Borrower Borrowers under this Agreement and the Security Documents and all payments in respect thereof made by the Borrower Borrowers from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower Borrowers under this Agreement and the Security Documents.
11.4 All payments of interest and commitment fee and any other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) day year.
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Payments and Calculations. 11.1 13.1 All payments to be made by the Borrower to the Lender under this Agreement and any of or the Security Documents to which the Borrower is Trustee under a party Finance Document shall be made to the Lender (or to the Security Trustee, in the case of an amount payable to it):
(i) by not later than 11.00 a.m. (New York City London time) on the due date date;
(ii) in same day Dollar Sterling funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement);
(iii) in the case of an amount payable to the Lender, to such account of the Lender at the Receiving Bank (Account No. 000261123), or to such other account with such other bank as the Lender shall may from time to time notify to the Borrower; and
(iv) in the case of an amount payable to the Security Trustee, to such account of the Security Trustee with such bank as the Security Trustee may from time to time notify to the Borrower.
11.2 13.2 If any sum payable payment by the Borrower under this Agreement or any of the Security Documents to which the Borrower is a party shall become Finance Document would otherwise fall due on a day which is not a Business Day, : 31
(a) the due date therefor shall be extended to the next succeeding Business Day, unless such ; or
(b) if the next succeeding Business Day falls in the next calendar month, in which event such the due date shall be brought forward to the immediately preceding Business Day, ; and interest shall be payable on such sum during any such extension under paragraph (a) at the rate payable on the original due date.
11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement 13.3 All interest and all other sums owing by the Borrower under this Agreement and the Security Documents and all payments in respect thereof made by the Borrower from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower under this Agreement and the Security Documents.
11.4 All payments of interest commitment fee and any other payments hereunder under any Finance Document which are of an annual or periodic nature shall accrue from day-to-day to day and shall be calculated on the basis of the actual number of days elapsed in and a three hundred and sixty (360) 365 day year.
13.4 The Lender shall maintain an account showing the amounts advanced by the Lender and all other sums owing to the Lender from the Borrower and each Security Party under the Finance Documents and all payments in respect of those amounts made by the Borrower and any Security Party.
13.5 If the account maintained under Clauses 13.4 shows an amount to be owing by the Borrower or a Security Party to the Lender, that account shall be prima facie evidence that amount is owing to the Lender.
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Payments and Calculations. 11.1 11.01 All payments to be made by the Borrower Companies to the Lender Agent for the Lenders under this Agreement Agreement, the Note and any of the Security Documents to which the Borrower is Companies are a party shall be made by not later than 11.00 a.m. (New York City time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender Agent shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. 000261123)Agent, or to such other account with such other bank as the Lender Agent shall from time to time notify to the BorrowerCompanies.
11.2 11.02 If any sum payable by the Borrower Companies under this Agreement Agreement, the Note or any of the Security Documents to which any of the Borrower Companies is a party shall become due on a day which is not a Business Day, the due date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due date shall be the immediately preceding Business Day, and interest shall be payable on such sum during any such extension at the rate payable on the original due date.
11.3 11.03 The Lender Agent shall maintain accounts showing the amounts from time to time lent by it the Lenders under this Agreement Agreement, and all other sums owing by the Borrower Companies under this Agreement Agreement, the Note and the Security Documents and all payments in respect thereof made by the Borrower Companies from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower Companies under this Agreement Agreement, the Note and the Security Documents.
11.4 11.04 All payments of interest interest, commitment fees and any other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) 360 day year.
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Payments and Calculations. 11.1 All payments to be made by the Borrower to the Lender under this Agreement and any of the Security Documents to which the Borrower is a party shall be made by not later than 11.00 a.m. (New York City London time) on the due date in same day Dollar funds settled through the New York Interbank Payments System (or in such other Dollar funds and/or settled in such other manner as the Lender shall specify as being customary at the time for the settlement of international transactions of the type contemplated by this Agreement) to the account of the Lender at the Receiving Bank (Account No. No 000261123), or to such other account with such other bank as the Lender shall from time to time notify to the Borrower.
11.2 If any sum payable by the Borrower under this Agreement or any of the Security Documents to which the Borrower is a party shall become due on a day which is not a Business Day, the due date therefor shall be extended to the next succeeding Business Day, unless such Business Day falls in the next calendar month, in which event such due date shall be the immediately preceding Business Day, and interest shall be payable on such sum during any such extension at the rate payable on the original due date.
11.3 The Lender shall maintain accounts showing the amounts from time to time lent by it under this Agreement and all other sums owing by the Borrower under this Agreement and the Security Documents and all payments in respect thereof made by the Borrower from time to time. Such accounts, in the absence of manifest error, shall be conclusive evidence as to any amounts from time to time owing by the Borrower under this Agreement and the Security Documents.
11.4 All payments of interest and commitment fee and any other payments hereunder of an annual or periodic nature shall accrue from day-to-day and shall be calculated on the basis of the actual number of days elapsed in a three hundred and sixty (360) day year.
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