Distributions to Lenders. Whenever, at any time after the Issuing Lender has made payment under any Letter of Credit and has received from any Lender its Revolving Credit Commitment Percentage of such payment in accordance with this Section 3.4, the Issuing Lender receives any payment related to such Letter of Credit (whether directly from any Borrower or otherwise), or any payment of interest on account thereof, the Issuing Lender will distribute to such Lender its pro rata share thereof; provided, that in the event that any such payment received by the Issuing Lender shall be required to be returned by the Issuing Lender, such Lender shall return to the Issuing Lender the portion thereof previously distributed by the Issuing Lender to it.
Distributions to Lenders. The Administrative Agent shall promptly remit to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable pro rata share of all payments and prepayments of principal and interest due to such Lender hereunder, together with all other amounts due with respect thereto, including all fees payable with respect thereto, to the extent received by the Administrative Agent; provided that in the event payments received by the Administrative Agent by 1:00 p.m. at the Administrative Agent’s Principal Office with respect to any Loan are not remitted to Lenders by the end of the next Business Day, the Administrative Agent shall pay Lenders the Federal Funds Rate for each day with respect to the amount of such payments not so timely remitted.
Distributions to Lenders. Unless otherwise specified above, each ------------------------ payment and prepayment shall be distributed to Lenders ratably in accordance with their respective Commitment Percentages or Termination Percentages, as applicable. Credit Agreement ----------------
Distributions to Lenders. (a) Following its receipt of a Notice of Default or deemed Notice of Default in the event of an Act of Insolvency with respect to the Trustor and delivery by the Securities Intermediary of the applicable amount of Collateral to the Trustee, the Trustee will as promptly as reasonably practicable under the circumstances, deliver to each applicable Lender, its proportionate interest in the Collateral as set forth in the Lender Data File.
Distributions to Lenders. Subject to the second paragraph of clause (a) above and the second paragraph of this clause (b), the Administrative Agent shall distribute to each Lender, such Lender’s Pro Rata Share of all payments received from any Borrower or from proceeds of Collateral in respect of any Advance or Advances and all interest, finance charges, fees and Late Fees in respect thereof by 11:00 a.m. (Administrative Agent’s time) on the first business day after the Administrative Agent’s receives good, collected funds in respect of such payments if such good, collected funds are received prior to 12:00 p.m. (Administrative Agent’s time) and by 11:00 a.m. (Administrative Agent’s time) on the second business day after the Administrative Agent receives good, collected funds in respect of such payments if such funds shall be received by the Administrative Agent after 12:00 p.m. (Administrative Agent’s time). No Lender shall be entitled to any share of the following fees and/or expenses payable to the Administrative Agent hereunder: any fees for NSF checks, any Audit Fees and other reimbursement for Audit costs and expenses, any indemnification payments to be paid to the Administrative Agent and all other costs and expenses of the Administrative Agent to be reimbursed by anyone or more of the Borrowers and/or the Lenders. The Administrative Agent may deduct anyone or more of the aforesaid fees and expenses payable to the Administrative Agent on a priority basis from any payments or proceeds of Collateral otherwise payable or distributable to the Lenders hereunder and pay the same to itself. The payment of all such fees and expenses shall be secured by a lien and security interest in and to the Collateral and the Borrowers hereby grant the same to the Administrative Agent. The Lenders shall be entitled to their respective Pro Rata Share of the fee payable by the Borrowers to the Administrative Agent under the last paragraph of Section 10 hereof in respect of unused portion of the Total Credit Line. The Administrative Agent may equitably adjust, in its sole and reasonable determination, the Pro Rata Shares of any payment or fee to be shared among the Lenders to give effect to any Unfunded Portion of an Advance or Advances in respect of any Lender or Lenders hereunder and any Lender or Lenders that may have covered the same, in each case with respect to fundings effected under the first paragraph of clause (a) above.
Distributions to Lenders. (1) In the case where any amount remains after deducting the amounts under (i) and (ii) of the Order of Application from the amount paid by the Borrower in accordance with this Agreement, the Paying Agent shall immediately distribute such remaining amount to each Lender, in accordance with the provisions of this section, provided, however, that if such money was paid by the Borrower as Increased Costs to the Increased Costs Lender, or as performance of the obligations against the relevant Increased Costs Lender in the case this Agreement is terminated in relation to such Increased Costs Lender, the Paying Agent shall promptly distribute such money to the Increased Costs Lender notwithstanding the provisions of this section.
Distributions to Lenders. If, at any time, after there occurs a Letter of Credit Unreimbursed Draw and the Issuing Bank has received from any Revolving Credit Lender such Revolving Credit Lender's share of such Letter of Credit Unreimbursed Draw, and the Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit Unreimbursed Draw, the Issuing Bank will pay to the Agent, for the account of such Revolving Credit Lender, such Revolving Credit Lender's Pro Rata share of such payment.
Distributions to Lenders. If, at any time, after there occurs a Letter of Credit Unreimbursed Draw and the Issuing Bank has received from any Tranche 1 Lender such Tranche 1 Lender's share of such Letter of Credit Unreimbursed Draw, and the Issuing Bank receives any payment or makes any application of funds on account of the Letter of Credit Reimbursement Obligation arising from such Letter of Credit Unreimbursed Draw, the Issuing Bank will pay to the Agent, for the account of such Tranche 1 Lender, such Tranche 1 Lender's Pro Rata share of such payment.
Distributions to Lenders. If, at any time, after the Issuer has made a Letter of Credit Disbursement and has received from any Lender such Lender's Pro Rata Share of such Letter of Credit Disbursement, the Issuer receives any payment or makes any application of funds on account of the Reimbursement Obligation arising from such Letter of Credit Disbursement, the Issuer will pay to the Agent, for the account of such Lender, such Lender's Pro Rata Share of such payment or application, provided, however, that any Lender's Pro Rata Share of interest accrued on any Reimbursement Obligation prior to the date of receipt by the Issuer of such Lender's Letter of Credit Participation payment in respect of such Reimbursement Obligation may be retained by the Issuer for its own account.
Distributions to Lenders. Section 2.4(b)(ii) of the Loan Agreement is hereby amended by inserting the phrase", but in any event within 2 Business Days," between the words "promptly" and "shall" set forth therein.
