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, all payments of interest, fees, principal and other amounts 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 on the same Business Day when received, unless received after 1:00 p.m. (Local Time) in which case they shall be so distributed by 1:00 p.m. (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 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 Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, all payments of interest, fees, principal and other amounts received by Administrative Agent for the account of Lenders shall be distributed by Administrative Agent to Lenders in accordance with their Pro-Rata Shares pro rata shares of the outstanding respective Loan Obligations at the time of such distribution on the same Business Day when received, unless received after 1:00 p.m. 12:00 n. (Local Central Time) in which case they shall be so distributed by 1:00 p.m. 12:00 n. (Local Central 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 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 Agent from time to time.

Collections and Distributions to Lenders by Administrative Agent. Except as otherwise provided in this Agreement, all payments of interest, fees, principal and other amounts received by Administrative Agent for the account of Lenders shall be distributed by Administrative Agent to Lenders in accordance with their Propro-Rata Shares rata shares of the outstanding Loan Obligations at the time of such distribution on the same Business Day when received, unless received after 1:00 p.m. (Local Time) in which case they shall be so distributed by 1:00 p.m. (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 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 Agent from time to time.