Effect of Payments. Each payment by the Borrowers to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a) shall be deemed to constitute payment by the Borrowers directly to such Lender, provided, however, that in the event any such payment by the Borrowers to the Administrative Agent is required to be returned to the Borrowers for any reason whatsoever, then the Borrowers’ obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 3 contracts
Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)
Effect of Payments. Each payment by the Borrowers Borrower to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a2.14(a) shall be deemed to constitute payment by the Borrowers Borrower directly to such Lender, provided, however, that in the event any such payment by the Borrowers Borrower to the Administrative Agent is required to be returned to the Borrowers Borrower for any reason whatsoever, then the Borrowers’ Borrower’s obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 2 contracts
Samples: Credit Agreement (Select Comfort Corp), Credit Agreement (First Interstate Bancsystem Inc)
Effect of Payments. Each payment by the Borrowers Borrower to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a2.15(a) shall be deemed to constitute payment by the Borrowers Borrower directly to such Lender, provided, however, that in the event any such payment by the Borrowers Borrower to the Administrative Agent is required to be returned to the Borrowers Borrower for any reason whatsoever, then the Borrowers’ Borrower’s obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 2 contracts
Samples: Credit Agreement (Green Plains Renewable Energy, Inc.), Credit Agreement (Rotonics Manufacturing Inc/De)
Effect of Payments. Each payment by the Borrowers Borrower to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a2.4 (a) through (f) shall be deemed to constitute payment by the Borrowers Borrower directly to such Lender, provided, however, that in the event any such payment by the Borrowers Borrower to the Administrative Agent is required to be returned to the Borrowers Borrower for any reason whatsoever, then the Borrowers’ Borrower’s obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 1 contract
Samples: Construction Loan Agreement (Great Wolf Resorts, Inc.)
Effect of Payments. Each payment by the Borrowers Borrower to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a2.17(a) shall be deemed to constitute payment by the Borrowers Borrower directly to such Lender, provided, however, that in the event any such payment by the Borrowers Borrower to the Administrative Agent is required to be returned to the Borrowers Borrower for any reason whatsoever, then the Borrowers’ Borrower’s obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 1 contract
Effect of Payments. Each payment by the Borrowers Borrower to the Administrative Agent for the account of any Lender pursuant to Section 2.10(a2.8(a) shall be deemed to constitute payment by the Borrowers Borrower directly to such Lender, provided, however, that in the event any such payment by the Borrowers Borrower to the Administrative Agent is required to be returned to the Borrowers Borrower for any reason whatsoever, then the Borrowers’ Borrower’s obligation to such Lender with respect to such payment shall be deemed to be automatically reinstated.
Appears in 1 contract
Samples: Term Loan Agreement (Rotonics Manufacturing Inc/De)
