Common use of Payments Among Lenders Clause in Contracts

Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 when due, such Lender shall pay interest to the Issuing Bank (through Agent) on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Funds Rate (as in effect from time to time) and (ii) thereafter, at a rate per annum equal to the Alternate Base Rate plus 2.0%.

Appears in 2 contracts

Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Physicians Resource Group Inc)

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Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 2.16 when due, such Lender shall pay interest to the Issuing Bank (through Agent) Agent on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Funds Rate federal funds rate (as in effect from time to timetime as determined by the Agent) and (ii) thereafter, at a rate per annum equal to the Alternate Base Prime Rate plus 2.0%.

Appears in 1 contract

Samples: Credit Agreement (Protective Life Insurance Co)

Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 when due, such Lender shall pay interest to the Issuing Bank (through Agent) on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Fed Funds Rate (as in effect from time to timetime as determined by Agent) and (ii) thereafter, at a rate per annum equal to the Alternate Base Rate plus 2.0%.

Appears in 1 contract

Samples: Credit Agreement (Books a Million Inc)

Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 2.16 when due, such Lender shall pay interest to the Issuing Bank (through Agent) Administrative Agent on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Funds Rate federal funds rate (as in effect from time to timetime as determined by the Administrative Agent) and (ii) thereafter, at a rate per annum equal to the Alternate Base Prime Rate plus 2.0%.

Appears in 1 contract

Samples: Credit Agreement (Protective Life Corp)

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Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 2.17 when due, such Lender shall pay interest to the Issuing Bank (through Agent) on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Funds Rate federal funds rate (as in effect from time to timetime as determined by Agent) and (ii) thereafter, at a rate per annum equal to the Alternate Base Prime Rate plus 2.0%.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

Payments Among Lenders. In the event that any Lender fails to pay any amount required to be paid pursuant to this Section 2.15 2.16 when due, such Lender shall pay interest to the Issuing Bank (through Agent) on such amount from and including such due date to but excluding the date such payment is made (i) during the period from and including such due date to but excluding the date three Business Days thereafter, at a rate per annum equal to the Federal Funds Rate federal funds rate (as in effect from time to timetime as determined by Agent) and (ii) thereafter, at a rate per annum equal to the Alternate Base Prime Rate plus 2.0%.

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

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