Common use of Payments and Deductions to a Defaulting Lender Clause in Contracts

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.05(b), Section 2.08(d), Section 2.08(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.2, Section 2.08(e) or Section 4.02 2.11 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.01(a), Section 2.08(d2.07(d), Section 2.08(e) or Section 4.02 2.10(d) then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e) or Section 4.02 4.02, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.05(b), Section 2.08(d2.09(d), Section 2.08(e2.09(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), Section 2.08(e2.05(b) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.3, Section 2.08(e) or Section 4.02 2.12 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d2.05(b), Section 2.08(e2.09(d), Section 2.09(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.1(a), Section 2.08(d)2.2, Section 2.08(e) or Section 4.02 2.11 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the -47- account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.02(a), Section 2.08(d2.04(a), Section 2.08(e) or Section 4.02 4.02, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a)2.01, Section 2.08(d)2.07, Section 2.08(e) or Section 4.02 2.10 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.

Payments and Deductions to a Defaulting Lender. (a) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(a2.01(a), Section 2.08(d), Section 2.08(e2.01(b) or Section 4.02 2.07(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid in cash.