Common use of Direct Payment to a Lender Clause in Contracts

Direct Payment to a Lender. Subject to the other provisions of this Agreement permitting direct payment to Lenders, if a Lender receives, otherwise than through the Agent, a payment on account of the Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.

Direct Payment to a Lender. Subject to the other provisions of this Agreement permitting direct payment to Lenders, if a Lender receives, otherwise than through the an Agent, a payment on account of the Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Administrative Agent, for distribution among all Lenders.

Direct Payment to a Lender. Subject to the other provisions of this Agreement permitting direct payment to Lenders, if a Lender receives, otherwise than through the an Agent, a payment on account of the any Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Administrative Agent, for distribution among all Lenders.