Common use of Payments by the Customer Clause in Contracts

Payments by the Customer. (a) All payments (including prepayments) to be made by the Customer on account of principal, interest, fees and any other amounts under this Agreement shall be made without set-off or counterclaim and shall be made to AEF, in each case in Dollars and in immediately available funds no later than 10:00 a.m. (New York time) on the date on which such payment shall become due to the Credit Lyonnais Luxembourg S.A. account at Credit Lyonnais New York, No. 0-100-682-000-100 (ref IFAP/TEIC/AEF/036123-44). The Customer shall direct the bank remitting any payments hereunder to deliver an irrevocable notice with respect to the remittance of funds no later than two (2) Business Days prior to the date on which such payment shall become due. Any payment which is received by AEF in said account later than 10:00 a.m. (New York time) shall be deemed to have been received on the next succeeding Business Day. (b) Subject to the provisions set forth in the definition of "INTEREST PERIOD", whenever any payment hereunder would otherwise be due on a day other than a Business Day, such payment shall be made on the immediately preceding Business Day, and the computation of interest or fees shall be calculated accordingly.

Payments by the Customer. (a) All payments (including prepayments) to be made by the Customer on account of principal, interest, fees and any other amounts under this Agreement shall be made without set-off or counterclaim and shall be made to AEF, in each case in Dollars and in immediately available funds no later than 10:00 a.m. (New York time) on the date on which such payment shall become due to the Credit Lyonnais Luxembourg S.A. account at Credit Lyonnais New York, No. 0-100-682-000-100 (ref IFAP/TEIC/AEF/036123AEF/036124-4445). The Customer shall direct the bank remitting any payments hereunder to deliver an irrevocable notice with respect to the remittance of funds no later than two (2) Business Days prior to the date on which such payment shall become due. Any payment which is received by AEF in said account later than 10:00 a.m. (New York time) shall be deemed to have been received on the next succeeding Business Day. (b) Subject to the provisions set forth in the definition of "INTEREST PERIOD", whenever any payment hereunder would otherwise be due on a day other than a Business Day, such payment shall be made on the immediately preceding Business Day, and the computation of interest or fees shall be calculated accordingly.