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. (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.
(b) The Trustee shall be responsible for calculating the amount to be distributed to each Lender and performing all other calculations necessary for distribution of the Collateral, provided, however, that the Trustee shall be entitled to rely conclusively on the information contained in the Lender Identifying Information, the Lender Data File and the Collateral Data File and shall not be liable for any loss resulting from an error contained in such Lender Identifying Information, the Lender Data File or the Collateral Data File.
(c) Prior to the distribution of any excess Collateral to the Trustor pursuant to Section 5.3(d), the Trustee shall be entitled to apply such excess Collateral first to the Trustee in such amount as is necessary to satisfy any then unpaid amounts owing to the Trustee pursuant to this Agreement.
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.
(2) In the case where (a) the Borrower receives service of an order for provisional attachment (xxxx sashiosae), preservative attachment (hozen sashiosae) or attachment (sashiosae) with respect to a loan claims, or (b) claim in relation to an Individual Loan has assigned or transferred, prior to the distribution to the Lenders in relation to the Individual Loan pursuant to this section by the Paying Agent, the rights and obligations, etc. between the Borrower, the Agent and the Lenders shall be as follows.
(i) In the case where the Paying Agent completed the distribution to the Lenders pursuant to this section before it has received notice that the Borrower received service of an order for provisional attachment (xxxx-sashiosae), preservative attachment (hozen-sashiosae) or attachment (sashiosae) with respect to a loan claim. TRANSLATION OF THE ORIGINAL AGREEMENT IN JAPANESE In this case, even if the creditor obtaining an order for provisional attachment (xxxx sashiosae), preservative attachment (hozen sashiosae), or attachment (sashiosae), the Borrower, the Lender or any other third person suffer Damages, etc. as a result of such distribution by the Paying Agent, the Agent shall not be liable in relation thereto, and the relevant Borrower shall deal with the matter at its own cost and liability. The relevant Borrower shall indemnify the Agent for any Damages, etc. incurred by the Agent due to such transfer.
(ii) In the case where the Paying Agent, after the remittance by the Borrower of the relevant amount to the Agent Account, and before the completion of a distribution to the Lenders pursuant to this section, receives notice from the relevant Borrower that it has received service of an order for provisional attachment (xxxx sashiosae...
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.
Distributions to Lenders. The Administrative Agent shall distribute to each Lender, such Lender's Pro Rata Share of all amounts representing collections in reference to the Steamboat Loan, the Canyons Loan, the *Sugarbush Loan, the *Sugarloaf Loan, the Jordan Bowl Loan, the Attitash Loan, the Killington Loan and/or the Mt. Snow Loan, as the case may be, by 11:00 a.m. on the second Business Day after good, collected funds in respect thereof shall have been received or collected if such funds are received or collected prior to 12:00 p.m. (the Administrative Agent's time). If such funds shall be received or collected after 12:00 p.m. (the Administrative Agent's time), the Administrative Agent shall promptly distribute such funds to Lender by 11:00 a.m. on the third Business Day after such funds shall have been received or collected.
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. The Administrative Agent shall distribute to each Lender, such Lender's Pro Rata Share of all amounts representing collections in reference to the Loan by 11:00 a.m. on the next Business Day after good, collected funds in respect thereof shall have been received or collected if such funds are received or collected prior to 12:00 p.m. (Administrative Agent's time). If such funds shall be received or collected after 12:00 p.m. (Administrative Agent's time), Administrative Agent shall promptly distribute such funds to Lender by 11:00 a.m. on the second Business Day after such funds shall have been received or collected.
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.
