Payment of Loan Balance. In accordance with Section 20.2(f) of the Master Lease upon the exercise of the Remarketing Option, the payment of the Loan Balance to the Administrative Agent shall be distributed to the Lenders for application to pay in full the Participant Balance of each Lender, and the payment of the aggregate amount of Lessor Amounts that are allocable to Qualified Land shall be distributed to the Lessors.
Appears in 2 contracts
Samples: Participation Agreement (Beverly Enterprises Inc /De/), Participation Agreement (Beverly Enterprises Inc)
Payment of Loan Balance. In accordance with Section 20.2(f) of the Master Lease upon the exercise of the Remarketing Option, the payment of the Loan Balance to the Administrative Agent shall be distributed to the Lenders for application to pay in full the Participant Balance of each Lender, and the payment of the aggregate amount of Lessor Amounts that are allocable to Qualified Land shall be distributed to the Lessors.
Appears in 1 contract
Payment of Loan Balance. In accordance with Section 20.2(f) of the Master Lease upon the exercise of the Remarketing Option, the The payment of the Loan Balance to the Administrative Agent pursuant to Section 20.2(f) of the Master Lease shall be promptly distributed to the Lenders for application to pay in full the Participant Balance of each Lender, and the payment of the aggregate amount of Lessor Amounts that are allocable to Qualified Land shall be distributed to the Lessors.
Appears in 1 contract
Samples: Participation Agreement (Alumax Inc)
