Common use of Payments and Computations, Etc Clause in Contracts

Payments and Computations, Etc. All amounts to be paid by the Seller to the Purchaser hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (New York time) on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day. The Seller shall, to the extent permitted by law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments and Computations, Etc. (a) All amounts to be paid by the Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (11:30 a.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. Base Rate plus the Applicable Margin (as its “prime rate” for commercial borrowers (each such rate not necessarily being term is defined in the lowest rate offered by such bankPooling and Servicing Agreement) as in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable lawApplicable Law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by ▇▇▇▇▇ to the Seller hereunder shall be paid no later than 3:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that Seller shall from time to time specify in writing. Payments received by the Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. (a) All amounts to be paid by the Seller to the Purchaser Buyer hereunder shall be paid received in accordance with the terms hereof no later than 1:00 P.M. (p.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder in an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes otherwise is scheduled to become due on a day which that is not a Business Day, then such payment shall be made become due on the next succeeding Business Day. The Seller shall, to the extent permitted by lawLaw, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as Buyer Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable lawLaw. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to Seller hereunder shall be paid to Seller no later than 2:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that Seller shall from time to time specify in writing. Payments received by Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment otherwise is scheduled to become due on a day that is not a Business Day, then such payment shall become due on the next Business Day.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (11:30 a.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. Base Rate plus the Applicable Margin (as its “prime rate” for commercial borrowers (each such rate not necessarily being term is defined in the lowest rate offered by such bankPooling and Servicing Agreement) as in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid no later than 3:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that Seller shall from time to time specify in writing. Payments received by such Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (p.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as applicable Buyer Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid to Initial Collection Agent (for the account of the applicable Seller) no later than 2:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that the Initial Collection Agent shall from time to time specify in writing. Payments received by Initial Collection Agent after such time shall be deemed to have been received on the next Business Day. Initial Collection Agent shall promptly remit payments received by it in immediately available funds to such account as the applicable Seller shall from time to time specify in writing. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (p.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as applicable Buyer Note in effect on the date such the payment was due; providedPROVIDED, howeverHOWEVER, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid to Servicer (for the account of the applicable Seller) no later than 4:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that ▇▇▇▇▇▇ shall from time to time specify in writing. Payments received by Servicer after such time shall be deemed to have been received on the next Business Day. Servicer shall promptly remit payments received by it in immediately available funds to such account as the applicable Seller shall from time to time specify in writing. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day in accordance with the terms of the applicable Buyer Note.

Payments and Computations, Etc. (a) All amounts to be paid by the any Seller to the Purchaser hereunder shall be paid received in accordance with the terms hereof no later than 1:00 P.M. (p.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by in an account that the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes otherwise is scheduled to become due on a day which that is not a Business Day, then such payment shall be made become due on the next succeeding Business Day. The Each Seller shall, to the extent permitted by applicable law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as Purchaser Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by the Purchaser to any Seller hereunder shall be paid to such Seller no later than 2:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that each Seller shall from time to time specify in writing. Payments received by a Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment otherwise is scheduled to become due on a day that is not a Business Day, then such payment shall become due on the next Business Day.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (11:30 a. m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. Base Rate plus the Applicable Margin (as its “prime rate” for commercial borrowers (each such rate not necessarily being term is defined in the lowest rate offered by such bankPooling and Servicing Agreement) as in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid no later than 3:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that Seller shall from time to time specify in writing. Payments received by such Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. All amounts to be paid by the Seller to the Purchaser hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (New York time) on the day when due in Dollars in immediately available funds to the Lockbox Account or the "Master Collection Account" (as defined in the Indenture). All amounts to be paid by the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day. The Seller shall, to the extent permitted by law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder (whether owing by the Seller individually or as Master Servicer) at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. PNC Bank, National Association as its “"prime rate” " for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (p.m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as applicable Buyer Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid to Servicer (for the account of the applicable Seller) no later than 4:00 p.m., New York City time, on the day when due in Dollars in immediately available funds to an account that Big Flower shall from time to time specify in writing. Payments received by Servicer after such time shall be deemed to have been received on the next Business Day. Servicer shall promptly remit payments received by it in immediately available funds to such account as the applicable Seller shall from time to time specify in writing. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day in accordance with the terms of the applicable Buyer Note.

Payments and Computations, Etc. (a) All amounts to be paid by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (p.m. New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed decried to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the Purchaser, Buyer on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as applicable Buyer Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid to Initial Collection Agent (for the account of the applicable Seller) no later than 2:00 p.m. New York City time, on the day when due in Dollars in immediately available funds to an account that the Initial Collection Agent shall from time to time specify in writing. Payments received by initial Collection Agent after such time shall be deemed to have been received on the next Business Day. Initial Collection Agent shall promptly remit payments received by it in immediately available funds to such account as the applicable Seller shall from time to time specify in writing. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. All amounts to be paid by the Seller to the Purchaser hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (New York time) on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Payment Account. All amounts to be paid by the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day. The Seller shall, to the extent permitted by law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments and Computations, Etc. All amounts to be paid or deposited by the Seller to Transferor or the Purchaser Collection Agent hereunder shall be paid or deposited in accordance with the terms hereof no later than 1:00 P.M. 12:00 p.m. (New York time) on the day when due in Dollars in immediately available funds funds; if such amounts are payable to the Lockbox Account any CP Conduit Purchaser (or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder any Committed Purchaser), they shall be paid or deposited to the Collection Account (or, in accordance with the terms hereof no case of payments in respect of Net Investment, directly to an account specified by the relevant Funding Agent), until otherwise notified by the Administrative Agent. No later than 5:00 P.M. 3:00 p.m. (New York time) on the date of any Incremental Transfer hereunder, the CP Conduit Purchasers or the Committed Purchasers, as applicable, will make available to the Transferor, in immediately available funds, the Transfer Price for such Incremental Transfer on such day when due by remitting such amount to such an account as may be of the Transferor specified therefor in the related Transfer/Tranche Period Request (or otherwise specified by the Seller from time to time Transferor by written notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business DayAdministrative Agent). The Seller Transferor shall, to the extent permitted by law, pay to the PurchaserAdministrative Agent, on for the benefit of the CP Conduit Purchasers and/or the Committed Purchasers upon demand, interest on all amounts not paid or deposited by it when due hereunder under this Section 2.11 at 2a rate equal to 2.00% per annum above plus the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable lawBase Rate. All computations of interest payable hereunder shall be made on the basis of a year of 360 days 365 or 366 days, as applicable for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit. Any computations by the Administrative Agent or the applicable Funding Agent of amounts payable by the Transferor hereunder shall be binding upon the Transferor absent manifest error.

Payments and Computations, Etc. All amounts to be paid by the Seller to the Purchaser hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (New York time) on the day when due in Dollars in immediately available funds to the Lockbox Account or the "Master Collection Account" (as defined in the Indenture). All amounts to be paid by the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day. The Seller and the Master Servicer (if an "Affiliated Entity" (as defined in the Indenture)) shall, to the extent permitted by law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder (whether owing by the Seller individually or as Master Servicer) at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. PNC Bank, National Association as its “"prime rate” " for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.

Payments and Computations, Etc. (a) All amounts to be paid ------------------------------- by the a Seller to the Purchaser Buyer hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (p. m., New York City time) , on the day when due in Dollars in immediately available funds to the Lockbox Account or the Collection Account. All amounts to be paid by the Purchaser to the Seller hereunder an account that Buyer shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaserspecify in writing. Payments received by the Purchaser or the Seller Buyer after such times time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which that is not a Business Day, then such the payment shall be made on the next succeeding Business Day. The Each Seller shall, to the extent permitted by law, pay to the PurchaserBuyer, on demand, interest on all amounts not paid when due hereunder at 2% per annum above the per annum interest rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. as its “prime rate” for commercial borrowers (such rate not necessarily being on the lowest rate offered by such bank) as Purchase Money Note in effect on the date such the payment was due; provided, however, that such the interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed. (b) All amounts to be paid by Buyer to a Seller hereunder shall be paid no later than 2:00 p. m., New York City time, on the day when due in Dollars in immediately available funds to an account that ALS shall from time to time specify in writing. Payments received by such Seller after such time shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day that is not a Business Day, then such payment shall be made on the next Business Day.

Payments and Computations, Etc. All amounts to be paid by the Seller to the Purchaser hereunder shall be paid in accordance with the terms hereof no later than 1:00 P.M. (New York time) on the day when due in Dollars in immediately available funds to the Lockbox Account or the "Master Collection Account" (as defined in the Pooling and Servicing Agreement). All amounts to be paid by the Purchaser to the Seller hereunder shall be paid in accordance with the terms hereof no later than 5:00 P.M. (New York time) on the day when due to such account as may be specified therefor by the Seller from time to time by notice to the Purchaser. Payments received by the Purchaser or the Seller after such times shall be deemed to have been received on the next Business Day. In the event that any payment becomes due on a day which is not a Business Day, then such payment shall be made on the next succeeding Business Day. The Seller and the Master Servicer (if an "Affiliated Entity" (as defined in the Pooling and Servicing Agreement)) shall, to the extent permitted by law, pay to the Purchaser, on demand, interest on all amounts not paid when due hereunder (whether owing by the Seller individually or as Master Servicer) at 2% per annum above the per annum rate designated by ▇.▇. ▇▇▇▇▇▇ ▇▇▇▇▇ & Co. PNC Bank, National Association as its “"prime rate” " for commercial borrowers (such rate not necessarily being the lowest rate offered by such bank) as in effect on the date such payment was due; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by applicable law. All computations of interest payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first but excluding the last day) elapsed.