Common use of Administrative Agent’s Right to Assume Payments Will be Made Clause in Contracts

Administrative Agent’s Right to Assume Payments Will be Made. Unless the Borrower or any Bank has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower or such Bank, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such Bank, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

Administrative Agent’s Right to Assume Payments Will be Made. Unless the Borrower or any Bank Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower or such BankLender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such BankLender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

Administrative Agent’s Right to Assume Payments Will be Made. Unless the Borrower or any Bank Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower or such BankLender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such BankLender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then: