Common use of Payments Generally; Allocation of Proceeds; Sharing of Set-offs Clause in Contracts

Payments Generally; Allocation of Proceeds; Sharing of Set-offs. (a) Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.16, 2.17 or

Payments Generally; Allocation of Proceeds; Sharing of Set-offs. (a) Each The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.16, 2.17 orSections

Payments Generally; Allocation of Proceeds; Sharing of Set-offs. (a) Each Unless otherwise specified, the Borrower shall make each payment required to be made by it hereunder (whether of principal, interestinterest or fees, fees or reimbursement reimbursements of LC Disbursements, or of amounts payable under Section 2.14, 2.15 or 2.16, 2.17 oror otherwise) prior to 3:00 p.m. on the date when due, in immediately available funds, without set-off (except as otherwise provided in Section 2.16)