Common use of Funds and Remittance Clause in Contracts

Funds and Remittance. All such payments shall be made (i) if in U.S. Dollars, in immediately available funds at the place of payment, or (ii) if in an Alternative Currency, in such Alternative Currency in funds then customary for the settlement of international transactions in such currency, in each case without setoff or counterclaim. The Administrative Agent will promptly thereafter (and in any case, for U.S. Dollars, before the close of business on the day the Administrative Agent receives such funds, if timely received by the Administrative Agent) cause to be distributed like funds relating to the payment of principal or interest on Committed Loans, or Reimbursement Obligations in which the Banks have purchased participating interests, or Facility Fees or letter of credit participation fees, ratably to the Banks and like funds relating to the payment of any other amount payable to any Person to such Person, in each case to be applied in accordance with the terms of this Agreement.

Funds and Remittance. All such payments shall be made (i) if in U.S. Dollars, in immediately available funds at the place of payment, or (ii) if in an Alternative Currency, in such Alternative Currency in funds then customary for the settlement of international transactions in such currency, in each case without setoff or counterclaim. The Administrative Agent will promptly thereafter (and in any case, for U.S. Dollars, before the close of business on the day the Administrative Agent receives such funds, if timely received by the Administrative Agent) cause to be distributed like funds relating to the payment of principal or interest on Committed Revolving Loans, Term Loans or Reimbursement Obligations in which the Banks have purchased participating interests, or Facility Commitment Fees or letter of credit participation fees, ratably to the Banks and like funds relating to the payment of any other amount payable to any Person to such Person, in each case to be applied in accordance with the terms of this Agreement.

Funds and Remittance. All such payments shall be made (i) if in U.S. Dollars, in immediately available funds at the place of payment, or (ii) if in an Alternative Currency, in such Alternative Currency in funds then customary for the settlement of international transactions in such currency, in each case without setoff or counterclaim. The Administrative Agent will promptly thereafter (and in any case, for U.S. Dollars, before the close of business on the day the Administrative Agent receives such funds, if timely received by the Administrative Agent) cause to be distributed like funds relating to the payment of principal or interest on Committed Revolving Loans, Term Loans or Reimbursement Obligations in which the Banks have purchased participating interests, or Facility Unused Fees or letter of credit participation fees, ratably to the Banks and like funds relating to the payment of any other amount payable to any Person to such Person, in each case to be applied in accordance with the terms of this Agreement.