Common use of Collections and Distributions to Lenders by Administrative Agent Clause in Contracts

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 pertaining to the suspension or reduction of payments of principal and interest to Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents for the account of Lenders shall be distributed by Administrative Agents to Lenders in accordance with their Pro-Rata Shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date when received, unless received after 3:00 p.m. (Local Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. (Local Time) on the next Settlement Date. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 4.4 pertaining to the suspension or reduction of payments of principal and interest to the Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Propro-Rata Shares rata shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents Agent in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date when received, unless received after 3:00 p.m. 12:00 noon (Local Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. noon (Local Time) on the next Settlement Date. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on in the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 0 pertaining to the suspension or reduction of payments of principal and interest to the Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Propro-Rata Shares rata shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents Agent in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date when received, unless received after 3:00 p.m. 12:00 noon (Local Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. noon (Local Time) on the next Settlement Date. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 pertaining to the suspension or reduction of payments of principal and interest to Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Pro-Rata Shares prorata shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents Agent in the case of payments of interest, fees or principal with respect to the Swingline LoanLoan or to Administrative Agent for the account of Letter of Credit Issuer in the case of reimbursable fees and interest with respect to Swingline Letters of Credit) on the Settlement Date following the date same Business Day when received, unless received after 3:00 p.m. 12:00 n. (Local Central Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. n. (Local Central Time) on the next Settlement DateBusiness Day. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 pertaining to the suspension or reduction of payments of principal and interest to the Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Propro-Rata Shares rata shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents Agent in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date when received, unless received after 3:00 p.m. 12:00 noon (Local Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. noon (Local Time) on the next Settlement Date. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions Agreement and with respect to principal of this Agreement pertaining to and interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 pertaining to the suspension or reduction of payments of principal and interest to Lenders under certain circumstancesdenominated in an Alternative Currency, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Pro-Pro Rata Shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement Dollars (or entirely to Administrative Agents the Swingline Lender in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date same Business Day when received, unless received after 3:00 p.m. 12:00 noon (Local Time) on a Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. noon (Local Time) on the next Settlement DateBusiness Day. Except as otherwise provided in this Agreement, all payments of interest and principal on Loans denominated in an Alternative Currency received by Administrative Agent for the account of Lenders shall be distributed by Administrative Agent to Lenders in accordance with their Pro Rata Shares of the outstanding Loan Obligations at the time of such distribution in such Alternative Currency on the same Business Day when received, unless received after the Applicable Time specified by the Administrative Agent on the dates specified herein in which case they shall be so distributed by 12:00 noon (Local Time) on the next Business Day. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, including the other provisions of this Agreement pertaining to interest on the Floorplan Loans and the Interim Floorplan Loans and the provisions of Section 4.5 pertaining to the suspension or reduction of payments of principal and interest to the Lenders under certain circumstances, all payments of interest, fees, principal and other amounts received by Administrative Agents Agent for the account of Lenders shall be distributed by Administrative Agents Agent to Lenders in accordance with their Propro-Rata Shares rata shares of the outstanding Loan Obligations at the time of such distribution by wire transfer of same day funds to Lenders as provided in this Agreement (or entirely to Administrative Agents Agent in the case of payments of interest, fees or principal with respect to the Swingline Loan) on the Settlement Date following the date when received, unless received after 3:00 p.m. 12:00 noon (Local Time) on a the Business Day immediately preceding a Settlement Date, in which case they shall be so distributed by 12:00 p.m. noon (Local Time) on the next Settlement Date. All amounts received by any Lender on account of the Loan Obligations, including amounts received by way of setoff, shall be paid over promptly to Administrative Agents Agent for distribution to Lenders as provided above in this Section. Such distributions shall be made according to instructions that each Lender may give to Administrative Agents Agent from time to time.