Common use of Payment of Loan Obligations Clause in Contracts

Payment of Loan Obligations. Administrative Agents shall have the right to make Revolving Loan Advances at any time and from time to time to cause timely payment of any of the Loan Obligations, including to pay interest or principal on the Swingline Loan, the Interim Floorplan Loan, the Aggregate Floorplan Loan and the Aggregate Revolving Loan, and to pay any fees owing to Lenders or Administrative Agents; provided, however, with respect to third party fees, if there is no Existing Default, Administrative Agents shall use their reasonable efforts to give prior notice to Reseller of the payment of any such fees from an Advance (but shall have no liability for their failure to notify Reseller, and any such failure shall not give rise to a claim or cause of action by Reseller against either Administrative Agent or any Lender). If there is no Existing Default, Administrative Agents shall use reasonable efforts to notify Reseller (but shall have no liability for their failure to notify Reseller and such failure shall not give rise to a claim or cause of action by Reseller against either Administrative Agent or any Lender) on the day it makes any payment or pays any interest owing hereunder or any fees owing to Lenders or Administrative Agents. Administrative Agents may select the Advance Date for any such Advance, but such Advance Date may only be a Business Day. Administrative Agents will use reasonable efforts to promptly give notice to Reseller after any such Advance is made, but failure to give such notice shall not give rise to any liability on the part of either Administrative Agent or any Lender.

Payment of Loan Obligations. Administrative Agents Agent shall have the right to make Revolving Loan Advances or Term Loan Advances at any time and from time to time to cause timely payment of any of the Loan Obligations, including without limitation, to pay interest or principal on the Swingline Loan, the Interim Floorplan Loan, the Aggregate Floorplan Loan Loan, the Aggregate Term Loan, and the Aggregate Revolving Loan, and to pay the Unused Fee and any other fees owing to the Lenders or the Administrative AgentsAgent; provided, however, with respect to third party fees, if there is no Existing Default, Administrative Agents Agent shall use their its reasonable efforts to give prior notice to Reseller the Borrower of the payment of any such fees from an Advance (but shall have no liability for their its failure to notify ResellerBorrower, and any such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender). If there is no Existing Default, Administrative Agents Agent shall use reasonable efforts to notify Reseller Borrower (but shall have no liability for their its failure to notify Reseller Borrower and such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender) on the day it makes any payment or pays an to pay any interest owing hereunder or any fees owing to Lenders or Administrative Agentsthe Unused Fee. Administrative Agents Agent may select the Advance Date for any such Advance, but such Advance Date may only be a Business Day. Administrative Agents Agent will use reasonable efforts to promptly give notice to Reseller Borrower after any such Advance is made, but failure to give such notice shall not give rise to any liability on the part of either Administrative Agent or any Lender.

Payment of Loan Obligations. Administrative Agents Agent shall have the right to make Revolving Loan Advances at any time and from time to time to cause timely payment of any of the Loan Obligations, including without limitation, to pay interest or principal on the Swingline Loan, the Interim Floorplan Loan, the Aggregate Floorplan Loan Loan, and the Aggregate Revolving Loan, and to pay the Unused Fee and any other fees owing to the Lenders or the Administrative AgentsAgent; provided, however, with respect to third party fees, if there is no Existing Default, Administrative Agents Agent shall use their its reasonable efforts to give prior notice to Reseller the Borrower of the payment of any such fees from an Advance (but shall have no liability for their its failure to notify ResellerBorrower, and any such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender). If there is no Existing Default, Administrative Agents Agent shall use reasonable efforts to notify Reseller Borrower (but shall have no liability for their its failure to notify Reseller Borrower and such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender) on the day it makes any payment or pays an to pay any interest owing hereunder or any fees owing to Lenders or Administrative Agentsthe Unused Fee. Administrative Agents Agent may select the Advance Date for any such Advance, but such Advance Date may only be a Business Day. Administrative Agents Agent will use reasonable efforts to promptly give notice to Reseller Borrower after any such Advance is made, but failure to give such notice shall not give rise to any liability on the part of either Administrative Agent or any Lender.

Payment of Loan Obligations. Administrative Agents Agent shall have the right to make Revolving Loan Advances at any time and from time to time to cause timely payment of any of the Loan Obligations, including without limitation, to pay any fees, interest or principal on the Swingline Loan, the Interim Floorplan Loan, the Aggregate Floorplan Loan Loan, and the Aggregate Revolving Loan, and to pay the Unused Revolving Fee and any other fees owing to the Lenders or the Administrative AgentsAgent; provided, however, with respect to third party fees, if there is no Existing Default, Administrative Agents Agent shall use their its reasonable efforts to give prior notice to Reseller the Borrower of the payment of any such fees from an Advance (but shall have no liability for their its failure to notify ResellerBorrower, and any such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender). If there is no Existing Default, Administrative Agents Agent shall use reasonable efforts to notify Reseller Borrower (but shall have no liability for their its failure to notify Reseller Borrower and such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender) on the day it makes any payment or pays an Advance to pay any interest owing hereunder or any fees owing to Lenders or Administrative Agentsthe Unused Revolving Fee. Administrative Agents Agent may select the Advance Date for any such Advance, but such Advance Date may only be a Business Day. Administrative Agents Agent will use reasonable efforts to promptly give notice to Reseller Borrower after any such Advance is made, but failure to give such notice shall not give rise to any liability on the part of either Administrative Agent or any Lender.

Payment of Loan Obligations. Administrative Agents Agent shall have the right to make Revolving Loan Advances at any time and from time to time to cause timely payment of any of the Loan Obligations, including to pay interest or principal on the Swingline Loan, the Interim Floorplan Loan, the Aggregate Floorplan Loan Loan, and the Aggregate Revolving Loan, and to pay any other fees owing to the Lenders or Administrative AgentsAgent; provided, however, with respect to third party fees, if there no Event of Default has occurred and is no Existing Defaultcontinuing, Administrative Agents Agent shall use their its reasonable efforts to give prior notice to Reseller Borrower of the payment of any such fees from an Advance (but shall have no liability for their its failure to notify ResellerBorrower, and any such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender). If there is no Existing DefaultEvent Default exists, Administrative Agents Agent shall use reasonable efforts to notify Reseller Borrower (but shall have no liability for their its failure to notify Reseller Borrower and such failure shall not give rise to a claim or cause of action by Reseller Borrower against either Administrative Agent or any Lender) on the day it makes any payment or pays any interest owing hereunder or any fees owing to Lenders or Administrative Agentshereunder. Administrative Agents Agent may select the Advance Date for any such Advance, but such Advance Date may only be a Business Day. Administrative Agents Agent will use reasonable efforts to promptly give notice to Reseller Borrower after any such Advance is made, made but failure to give such notice shall not give rise to any liability on the part of either Administrative Agent or any Lender.