Common use of Certain Deductions by Administrative Agent Clause in Contracts

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section until all such unsatisfied obligations are fully paid.

Appears in 8 contracts

Samples: Credit Agreement (SPRINT Corp), Credit Agreement (SPRINT Corp), Credit Agreement (SPRINT Corp)

AutoNDA by SimpleDocs

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(dthis Agreement (including Sections 2.6(b) and 2.17(e), 2.04(e), 2.06(b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 4 contracts

Samples: Credit Agreement (WestRock Co), Credit Agreement (WestRock Co), Credit Agreement (WestRock Co)

Certain Deductions by Administrative Agent. If Subject to Section 2.17, if any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(dthis Agreement (including Sections 2.4(b) and 2.15(e), 2.04(e), 2.06(b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 3 contracts

Samples: Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.), Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.), Uncommitted Credit Agreement (A-Mark Precious Metals, Inc.)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(dthis Agreement (including Sections 2.4, 2.5(e), 2.04(e2.5(f), 2.06(b) or 2.6(b), and 2.17(e)), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 3 contracts

Samples: Credit Agreement (WK Kellogg Co), Credit Agreement (Kellogg Co), Credit Agreement (Wayne Farms, Inc.)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.05(b) or 2.17(e2.16(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Credit Agreement (NYSE Euronext), Credit Agreement (NYSE Euronext)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b) 2.05 or 2.17(e)Section 2.16, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Credit Agreement (New York REIT, Inc.), Credit Agreement (American Realty Capital New York Recovery Reit Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e2.05(e), 2.06(b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 2 contracts

Samples: Credit Agreement (NYSE Euronext), Credit Agreement (NYSE Euronext)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.07(b) or 2.17(e2.18(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.05(b), 2.04(eSection 2.08(d), 2.06(bSection 2.08(e) or 2.17(e)Section 4.02, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b) 2.5 or 2.17(e)Section 2.13, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Loan Agreement (GTJ REIT, Inc.)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.05(b) or 2.17(e2.16(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextel Communications Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.05(c), 2.04(e2.06(e) or (f), 2.06(b2.07(b) or 2.17(e2.18(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Canandaigua LTD)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.05(d), 2.04(e2.06(e) or (f), 2.06(b2.07(b) or 2.17(e2.18(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Year Credit Agreement (Hearst Argyle Television Inc)

AutoNDA by SimpleDocs

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e2.05(c), 2.06(b), 2.17(d) or 2.17(e9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Discover Financial Services)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.05(b) or 2.17(e2.16(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Nextel Communications Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.05(b) or 2.17(eSection 2.16(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital New York Recovery Reit Inc)

Certain Deductions by Administrative Agent. If any Lender shall ------------------------------------------ fail to make any payment required to be made by it pursuant to Section 2.04(d2.04(c), 2.04(e2.05(e) or (f), 2.06(b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.05(b), 2.04(eSection 2.08(d), 2.06(bSection 2.08(e) or 2.17(e)Section 4.02, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Energy Partners LTD)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d), 2.04(e), 2.06(b2.04(b) or 2.17(e2.15(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (NYSE Group, Inc.)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.04(e) or (f), 2.04(e), 2.06(b2.05(b) or 2.17(e2.16(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Nextel International Inc)

Certain Deductions by Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(d2.05(d), 2.04(e2.06(e) or (f), 2.06(b2.07(b) or 2.17(e2.18(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s 's obligations under such Section Sections until all such unsatisfied obligations are fully paid.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!