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.
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. (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. As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to Lenders pro rata in accordance with their respective CAM Percentages (as may be recalculated pursuant to Section 13.1.3 below).
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. 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. 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.
