Payment by Administrative Agent Sample Clauses
The 'Payment by Administrative Agent' clause defines the responsibility of the administrative agent to distribute funds received from borrowers to the appropriate lenders or other parties as specified in the agreement. In practice, this means that when a borrower makes a payment, the administrative agent collects the funds and then allocates them according to the agreed-upon priorities, such as principal, interest, or fees. This clause ensures that payments are handled efficiently and transparently, reducing the risk of misallocation and providing clarity to all parties involved in the transaction.
Payment by Administrative Agent. For purposes of this Section 3.01, any payment made by the Administrative Agent to a Lender shall be deemed to be a payment made by the Borrower to such Lender.
Payment by Administrative Agent. Administrative Agent may provide for the payment of any unpaid accrued interest and any fees by charging the applicable Demand Deposit Account or any bank account maintained by either Borrower with Administrative Agent or by directing the applicable Funding Agent to so charge the applicable Demand Deposit Account or to advance the amount thereof to the applicable Borrower as a Revolving Loan.