Distribution and Apportionment of Payments. (a) Subject to Section 20.5(b), payments actually received by Agent for the account of the Lenders shall be paid to them promptly after receipt thereof by Agent, but in any event within one (1) Business Day, provided that, if any such payments are not distributed to the Lenders within one (1) Business Day after Agent’s receipt thereof, Agent shall pay to such Lenders interest thereon, at the lesser of (i) the Federal Funds Effective Rate and (ii) if the applicable payment represents repayment of a portion of the principal of the Loan, the rate of interest applicable to such portion of the Loan, from the date of receipt of such funds by Agent until such funds are paid in immediately available funds to such Lenders provided such funds are received by Agent not later than 11:00 A.M. (Cleveland time) on the date of receipt. All payments of principal and interest in respect of the Loan, all payments of the fees described in this Agreement (but not in any separate fee letter except to the extent expressly set forth therein), and all payments in respect of any other obligations of Borrower under the Loan Documents shall be allocated among such of Lenders as are entitled thereto, in proportion of their respective Percentages or otherwise as provided herein in the other Loan Documents, as the case may be. The Agent shall distribute to each Lender at its primary address set forth herein or in its Assignment and Assumption, or at such other address as a Lender may request in writing, such funds as it may be entitled to receive, provided that the Agent shall in any event not be bound to inquire into or determine the validity, scope or priority of any interest or entitlement of any Lender and may suspend all payments and seek appropriate relief (including without limitation instructions from the Required Lenders, or all Lenders, as applicable, or an action in the nature of interpleader) in the event of any doubt or dispute as to any apportionment or distribution contemplated hereby. The order of priority herein is set forth solely to determine the rights and priorities of the Lenders as among themselves and may at any time or from time to time be changed by the Lenders as they may elect, in writing, without necessity of notice to or consent of or approval by Borrowers.
Distribution and Apportionment of Payments. 67 10.05 Rights, Exculpation, Etc...............................................................................68 10.06 Reliance...............................................................................................69 10.07 Indemnification........................................................................................69 10.08
Distribution and Apportionment of Payments. 61 11.5 RIGHTS, EXCULPATION, ETC...................................61 11.6 RELIANCE...................................................62 11.7 INDEMNIFICATION............................................62 11.8
Distribution and Apportionment of Payments a. Subject to Section 9.04(b), payments actually received by Agent Bank for the account of Lenders
Distribution and Apportionment of Payments. 98 11.5 Rights, Exculpation, Etc. . . . . . . . . . . . . . . . . . . . . 100 11.6 Reliance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 11.7 Indemnification . . . . . . . . . . . . . . . . . . . . . . . . . 101 11.8
Distribution and Apportionment of Payments. Section 9.06 Servicing Fee Section 9.07 Defaulting Lenders
Distribution and Apportionment of Payments. For purposes of this Agreement, "
Distribution and Apportionment of Payments. 132 - 133
Distribution and Apportionment of Payments. (A) Subject to Section 10.5(B), payments actually received by Agent for the account of the Lenders shall be paid to them promptly after receipt thereof by Agent, but in any event within one (1) Business Day, provided that, if any such payments are not distributed to the Lenders within one (1) Business Day after Agent’s receipt thereof, Agent shall pay to such Lenders interest thereon, at the lesser of (i) the Federal Funds Effective Rate and (ii) if the applicable payment represents repayment of a portion of the principal of the Loan, the rate of interest applicable to such portion of the Loan, from the date of receipt of such funds by Agent until such funds are paid in immediately available funds to such Lenders, provided such funds are received by Agent not later than 11:00 A.M. (New York time) on the date of receipt. As used herein, “
Distribution and Apportionment of Payments. 95 11.12 Consent and Approvals............................................ 97 11.13
