Common use of PAYMENTS ASSUMED Clause in Contracts

PAYMENTS ASSUMED. Unless the Administrative Agent shall have ---------------- received notice from the Borrower prior to the date on which any payment is due to the Lenders or any L/C Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, but shall not be required to, cause to be distributed to each Lender or such L/C Bank on such due date an amount equal to the amount then due to such Lender or such L/C Bank. If and to the extent that the Borrower shall not have so made such payment in full to the Administrative Agent, each Lender and L/C Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or L/C Bank together with interest thereon, for each day from the date such amount is distributed to such Lender or L/C Bank until the date such Lender or L/C Bank repays such amount to the Administrative Agent, at the Federal Funds Rate with respect to the three-day period commencing from the date such amount is distributed to such Lender Party and at the interest rate applicable to Base Rate Advances at such time thereafter.

PAYMENTS ASSUMED. Unless the Administrative Agent shall have ---------------- received notice from the Borrower prior to the date on which any payment is due to the Lenders or any L/C Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, but shall not be required to, cause to be distributed to each Lender or such L/C Bank on such due date an amount equal to the amount then due to such Lender or such L/C Bank. If and to the extent that the Borrower shall not have so made such payment in full to the Administrative Agent, each Lender and L/C Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or L/C Bank together with interest thereon, for each day from the date such amount is distributed to such Lender or L/C Bank until the date such Lender or L/C Bank repays such amount to the Administrative Agent, at the Federal Funds Rate with respect to the three-day period commencing from the date such amount is distributed to such Lender Party and at the interest rate applicable to Base Rate Advances at such time thereafter.

PAYMENTS ASSUMED. Unless the Administrative Agent shall have ---------------- ----------------- received notice from the Borrower prior to the date on which any payment is due to the Lenders or any L/C Issuing Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, but shall not be required to, cause to be distributed to each Lender or such L/C Issuing Bank on such due date an amount equal to the amount then due to such Lender or such L/C Issuing Bank. If and to the extent that the Borrower shall not have so made such payment in full to the Administrative Agent, each Lender and L/C Issuing Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or L/C Issuing Bank together with interest thereon, for each day from the date such amount is distributed to such Lender or L/C Issuing Bank until the date such Lender or L/C Issuing Bank repays such amount to the Administrative Agent, at the Federal Funds Rate with respect to in the three-day period commencing from case of amounts denominated in US Dollars or the date such amount is distributed to such Lender Party and at Administrative Agent's cost of funds in the interest rate applicable to Base Rate Advances at such time thereaftercase of amounts denominated in Canadian Dollars.

PAYMENTS ASSUMED. Unless the Administrative Agent shall have ---------------- received notice from the Borrower prior to the date on which any payment is due to the Lenders or any L/C Issuing Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, but shall not be required to, cause to be distributed to each Lender or such L/C Issuing Bank on such due date an amount equal to the amount then due to such Lender or such L/C Issuing Bank. If and to the extent that the Borrower shall not have so made such payment in full to the Administrative Agent, each Lender and L/C Issuing Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or L/C Issuing Bank together with interest thereon, for each day from the date such amount is distributed to such Lender or L/C Issuing Bank until the date such Lender or L/C Issuing Bank repays such amount to the Administrative Agent, at the Federal Funds Rate with respect to the three-day period commencing from the date such amount is distributed to such Lender Party and at the interest rate applicable to Base Rate Advances at such time thereafterRate.

PAYMENTS ASSUMED. Unless the Administrative Agent shall ---------------- have ---------------- received notice from the Borrower prior to the date on which any payment is due to the Lenders or any L/C Issuing Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, but shall not be required to, cause to be distributed to each Lender or such L/C Issuing Bank on such due date an amount equal to the amount then due to such Lender or such L/C Issuing Bank. If and to the extent that the Borrower shall not have so made such payment in full to the Administrative Agent, each Lender and L/C Issuing Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or L/C Issuing Bank together with interest thereon, for each day from the date such amount is distributed to such Lender or L/C Issuing Bank until the date such Lender or L/C Issuing Bank repays such amount to the Administrative Agent, at the Federal Funds Rate with respect to the three-day period commencing from the date such amount is distributed to such Lender Party and at the interest rate applicable to Base Rate Advances at such time thereafterRate.