Common use of Forwarding of Payments by Administrative Agent Clause in Contracts

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 5 contracts

Samples: Construction Loan Agreement, Loan Agreement (Morgans Hotel Group Co.), Mezzanine Loan Agreement (Morgans Hotel Group Co.)

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Forwarding of Payments by Administrative Agent. Except as to the extent otherwise agreed by provided in the Administrative Agent and the Lenderslast sentence of Section 2.03(e), each payment received by the Administrative Agent under this Agreement or any Note for the account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for the account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 4 contracts

Samples: Credit Agreement (Mediacom Broadband Corp), Credit Agreement (Mediacom Broadband Corp), Credit Agreement (Mediacom Capital Corp)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 3 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust), Loan Agreement (Shurgard Storage Centers Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each Each payment received by the Administrative Agent under this Agreement or any Note for the account of any Lender or the Collateral Agent or the Depositary Bank shall be paid by the Administrative Agent promptly to such LenderPerson, in immediately available funds, for the account of such Lender’s 's Applicable Lending Office for the Loan or other obligation in respect of which such payment is mademade or for the account of the Collateral Agent or the Depositary Bank, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Ormat Technologies, Inc.), Credit Agreement (Ormat Technologies, Inc.)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s 's Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Loan Agreement (Glimcher Realty Trust), Loan Agreement (Shurgard Storage Centers Inc)

Forwarding of Payments by Administrative Agent. (i) Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, the applicable Lenders in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.), Loan Agreement (Sunstone Hotel Investors, Inc.)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan or the other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Acquisition and Project Loan Agreement (Acadia Realty Trust), Assignment and Assumption (Acadia Realty Trust)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan Loans or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Loan Agreement (Tarragon Corp), Loan Agreement (General Growth Properties Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office Installation for the Loan Loans or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Loan Agreement (General Growth Properties, Inc.), Loan Agreement (General Growth Properties, Inc.)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s 's Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Loan Agreement (Burnham Pacific Properties Inc), Loan Agreement (Metropolis Realty Trust Inc)

Forwarding of Payments by Administrative Agent. Except as to the extent otherwise agreed by provided in the Administrative Agent and the Lenderslast sentence of Section 2.03(e) hereof, each payment received by the Administrative Agent under this Agreement or any Note for the account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for the account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 2 contracts

Samples: Credit Agreement (Mediacom Capital Corp), Credit Agreement (Mediacom Communications Corp)

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Forwarding of Payments by Administrative Agent. Except as ---------------------------------------------- otherwise agreed by the Administrative Agent Agent, the Lenders and the LendersIssuing Bank, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender or the Issuing Bank shall be paid by the Administrative Agent promptly to such LenderLender or the Issuing Bank, as applicable, in immediately available funds, for the account of such Lender’s 's Applicable Lending Office for the Loan or other obligation Obligation in respect of which such payment is mademade (if applicable).

Appears in 1 contract

Samples: Loan Agreement (Center Trust Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan Loans or other obligation in respect of which such payment is made.

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each Each payment received by the Administrative Agent under this Agreement or any Term Note for the account of any Lender entitled thereto shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Carson Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such Lender’s Applicable Lending Office for the Loan Loans or other obligation in respect of which such payment is made. The Lenders acknowledge, however, that the obligations of Administrative Agent shall be governed by the Co-Lending Agreement.

Appears in 1 contract

Samples: Loan Agreement (Colony Financial, Inc.)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent Agent, the Lenders and the LendersIssuing Bank, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender or the Issuing Bank shall be paid by the Administrative Agent promptly to such LenderLender or the Issuing Bank, as applicable, in immediately available funds, for the account of such Lender’s 's Applicable Lending Office for the Loan or other obligation Obligation in respect of which such payment is mademade (if applicable).

Appears in 1 contract

Samples: Loan Agreement (Center Trust Inc)

Forwarding of Payments by Administrative Agent. Except as otherwise agreed by the Administrative Agent and the Lenders, each payment received by the Administrative Agent under this Agreement or any Note for account of any Lender shall be paid by the Administrative Agent promptly to such Lender, in immediately available funds, for account of such LenderXxxxxx’s Applicable Lending Office for the Loan or other obligation in respect of which such payment is made.

Appears in 1 contract

Samples: Construction Loan Agreement

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