Adjusting Payments Sample Clauses
Adjusting Payments. As of the Effective Date, Administrative Agent shall notify each Lender as to the adjusting payments which will be required to be made to the outstanding Loans of each Lender in order to give effect to the increase in the Maximum Commitment Amount and the increase to and addition of the individual Commitments of certain Lenders pursuant to this Third Amendment so that after such adjusting payments are made each Lender's outstanding Loans evidenced by such Lender's Revolving Note shall be in an amount equal to its Pro Rata Share of all outstanding Loans. On the Effective Date each Lender agrees to pay to the other Lenders the amounts, if any, specified by Administrative Agent in such notice.
Adjusting Payments. On each Accordion Effective Date, the Administrative Agent shall determine the amount of adjusting payments that may need to be made amongst the Lenders to ensure that their respective shares in outstanding Loans under the Revolving Loans equal their respective Pro Rata Share of the Revolving Loans. Each Accordion Lender shall advance to the Administrative Agent the amount of any such adjusting payment so required of it and the Administrative Agent shall, upon request, advance to each other Lender the amount of the corresponding adjusting payment required to be paid to it as determined above. The Borrower shall be obliged to repay outstanding Revolving Loans amongst the Lenders as adjusted pursuant to this Subsection 11.15(b). Adjusting payments in respect of BA Advances and SOFR Loans shall not take place until the expiry of their current terms and interest periods.
Adjusting Payments. Prior to the Effective Date Agent shall notify each Bank as to the adjusting payments which will be required to be made to the outstanding Revolving Credit Loans of each Bank in order to give effect to the increase in the Total Commitment and the increase to and addition of the individual Commitments of certain Banks pursuant to the provisions of Sections 2(c) and 3 above so that after such adjusting payments are made each Bank's outstanding Revolving Credit Loans evidenced by such Bank's Revolving Credit Note shall be in an amount equal to its Commitment Percentage of all outstanding Revolving Credit Loans. On the Effective Date each Bank agrees to pay to the other Banks the amounts, if any, specified by Agent in such notice.
Adjusting Payments. For any Consolidated Tax Period, if any item of income, gain, loss, deduction or credit of the GM Group is adjusted by the IRS or by a state or locality and such change is part of a Final Determination, then GM will pay Hughes or Hughes will pay GM an amount, including any interest paid ox xxxxived xx xxe GM Group and any penalties or additions to tax imposed on the GM Group, as may be necessary to adjust the payments between Hughes and GM to reflect payments that would have been made under thix Xxxxement or the 1985 TAA or, with respect to items relating to payments made on Consolidated State or Local Income Tax Returns for tax years 1985 through 1997, in accordance with the past custom and practice of the parties, had the adjustment as finally determined been taken into account in determining the amount of those payments.
Adjusting Payments. As of the Effective Date, Administrative Agent shall notify each Lender as to the adjusting payments, if any, which will be required to be made to the outstanding Loans of each Lender in order to give effect to this Sixth Amendment so that after such adjusting payments are made each Lender’s outstanding Loans evidenced by such Lender’s Revolving Note shall be in an amount equal to its Pro Rata Share of all outstanding Loans. On the Effective Date each Lender agrees to pay to the other Lenders the amounts, if any, specified by Administrative Agent in such notice.
Adjusting Payments. (a) If the Cameron Net Working Capital transferred to US Venture Entity pursuant to Section 2.1(b)(i), to Non-U.S. Venture Entity pursuant to Section 2.1(c)(i) and to Lux Venture Entity pursuant to Section 2.1(d) (as estimated in good faith by Cameron) is less than $345 million (the “Cameron Target Net Working Capital”), Cameron or its subsidiaries shall contribute additional cash in the amount of the deficiency to the appropriate Venture Entity.
Adjusting Payments. (a) If the Cyclone Net Working Capital transferred to US Venture Entity pursuant to Section 2.1(b)(i) and to Non-U.S. Venture Entity pursuant to Section 2.1(c)(i) (as estimated in good faith by Cyclone) is less than $345 million (the “Cyclone Target Net Working Capital”), Cyclone or its subsidiaries shall contribute additional cash in the amount of the deficiency to the appropriate Venture Entity.
Adjusting Payments. The parties will make adjusting payments to one another as necessary to carry out the purposes of this Section.
Adjusting Payments. On or before the Effective Date Agent shall notify each Bank as to the adjusting payments, if any, which will be required to be made to the outstanding Revolving Credit Loans of each Bank in order to give effect to the termination of Wachovia's Commitment and the decrease in the Total Commitment so that after such adjusting payments are made each Bank's outstanding Revolving Credit Loans evidenced by such Bank's Revolving Credit Note shall be in an amount equal to its Commitment Percentage of all outstanding Revolving Credit Loans. On the Effective Date each Bank agrees to pay to the other Banks the amounts, if any, specified by Agent in such notice.
Adjusting Payments. If the Net Asset Value of the Schlumberger Acquired Assets less the Schlumberger Assumed Liabilities does not equal 25% of the Net Asset Value of the M-I Acquired Assets less the M-I Assumed Liabilities, Schlumberger or its subsidiaries, or Smitx xx its subsidiaries, as the case may be, shall contribute additional cash in the amount of the deficiency to the appropriate Venture Entity. Such contribution shall be made at the Closing on the basis of Exhibit 2.4-1 and Exhibit 2.4-2 in the case of Schlumberger and Exhibit 2.1-3 in the case of Smitx, xxd shall be adjusted after the Closing in the manner prescribed by Section 3.10(b).