Common use of Future Payments Clause in Contracts

Future Payments. The Assignor shall notify the Agent to make all payments with respect to the Assigned Share after the Funding Date directly to the Assignee. The Assignor and Assignee agree and acknowledge that all payment of interest, commitment fees, and other fees accrued up to, but not including, the Funding Date are the property of the Assignor, and not the Assignee. The Assignee shall, upon payment of any interest, commitment fees, or other fees, remit to the Assignor all of such interest, commitment fees, and other fees accrued up to, but not including, the Funding Date.

Appears in 3 contracts

Samples: Term Loan Agreement (Otter Tail Corp), Term Loan Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

AutoNDA by SimpleDocs

Future Payments. The Assignor shall notify the Administrative Agent to make all payments with respect to the Assigned Share after the Funding Date directly to the Assignee. The Assignor and Assignee agree and acknowledge that all payment of interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date are the property of the Assignor, and not the Assignee. The Assignee shall, upon payment of any interest, commitment fees, fees or other fees, remit to the Assignor all of such interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Future Payments. The Assignor shall notify the Administrative Agent to make all payments with respect to the Assigned Share after the Funding Date directly to the Assignee. The Assignor and Assignee agree and acknowledge that all payment payments of interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date are the property of the Assignor, and not the Assignee. The Assignee shall, upon payment of any interest, commitment fees, fees or other fees, remit to the Assignor all of such interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Horace Mann Educators Corp /De/)

AutoNDA by SimpleDocs

Future Payments. The Assignor shall notify the Agent to make all payments with respect to the Assigned Share after the Funding Date directly to the Assignee. The Assignor and Assignee agree and acknowledge that all payment of interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date are the property of the Assignor, and not the Assignee. The Assignee shall, upon payment of any interest, commitment fees, fees or other fees, remit to the Assignor all of such interest, commitment fees, fees and other fees accrued up to, but not including, the Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!