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Common use of Payments by Administrative Agent Clause in Contracts

Payments by Administrative Agent. (a) For greater certainty, the following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, the Administrative Agent shall have no obligation to remit to each Lender any amount other than such Lender’s share of that amount which is actually received by the Administrative Agent; (iii) if a Lender’s share of an Advance has been advanced, or a Lender’s Commitment has been outstanding, for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such Lender’s entitlement to such payment shall be reduced in proportion to the length of time such Lender’s share of the Advance or such Lender’s Commitment, as the case may be, has actually been outstanding; (iv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, be binding and conclusive; and (v) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein. (b) Unless the Administrative Agent has actual knowledge that the Borrower has not made or will not make a payment to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such payment.

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Funding LLC), Credit Agreement (Pacificorp /Or/)

Payments by Administrative Agent. (a) For greater certainty, the The following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any a payment of principal, interest, fees or other amount owing by the Borrower under this Agreementany Credit Facility which is less than the full amount of any such payment due, the Administrative Agent shall have no obligation to remit to distribute such amount received among the Lenders in each Lender any amount other than Lender's Percentage of such Lender’s share of that amount which is actually received by the Administrative AgentCredit Facility; (iii) if any Lender has advanced more or less than its Percentage of any Credit Facility, such Lender's entitlement to a payment of principal, interest, fees or other amount owing by the Borrower under such Credit Facility shall be increased or reduced, as the case may be, to reflect the amount actually advanced by such Lender; (iv) if a Lender’s share 's Percentage of an Advance a Credit Event under any Credit Facility has been advanced, or a Lender’s Commitment has been outstanding, advanced for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such Lender’s Xxxxxx's entitlement to receive a portion of any payment of interest or fees under such payment Credit Facility shall be reduced in proportion to the length of time such Lender’s share of the Advance or such Lender’s Commitment, as the case may be, 's Percentage has actually been outstandingoutstanding (unless such Lender has paid all interest required to have been paid by it to the Administrative Agent pursuant to this Agreement); (ivv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, shall be binding and conclusive; anddeemed to be prima facie correct; (vvi) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein; (vii) all payments by the Administrative Agent to a Lender hereunder shall be made to such Lender at its address set out herein unless notice to the contrary is received by the Administrative Agent from such Xxxxxx; and (viii) if the Administrative Agent has received a payment from the Borrower on a Business Day (not later than the time required for the receipt of such payment as set out in this Agreement) and fails to remit such payment to any Lender entitled to receive its Percentage of such payment on such Business Day, the Administrative Agent agrees to pay interest on such late payment at a rate determined by the Administrative Agent in accordance with prevailing banking industry practice on interbank compensation. (b) Unless the The Administrative Agent has actual knowledge that the Borrower has not made or will not may in its sole discretion from time to time make a payment to the Administrative Agent for value on the date adjustments in respect of which the Borrower has notified the Administrative Agent any Lender's share of a Borrowing, conversion, rollover or repayment under any Credit Facility in order that the payment will be made, the Administrative Agent outstanding Borrowings due to such Lender under such Credit Facility shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower approximately in accordance with this Section, the full amount such Xxxxxx's Percentage of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such paymentCredit Facility.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Payments by Administrative Agent. (a1) For greater certainty, the following provisions shall will apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (ia) the Administrative Agent shall will be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (iib) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, then, subject to Section 7.02, the Administrative Agent shall will have no obligation to remit to each Lender any amount other than such Lender’s share Applicable Percentage of that the amount which is actually received by the Administrative Agent; (iiic) if a Lender’s share of an Advance has been advanced, any Lender advances more or a Lender’s Commitment has been outstanding, for less than its Applicable Percentage of the full period to which any payment (other than a payment of principal) by the Borrower relatesCredit, such Lender’s entitlement to such payment shall will be reduced in proportion to the length of time such Lender’s share of the Advance increased or such Lender’s Commitmentreduced, as the case may be, has in proportion to the amount actually been outstandingadvanced by such Lender; (ivd) the Administrative Agent acting reasonably and in good faith shallwill, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shallwill, in the absence of manifest error, be binding and conclusive; and; (ve) upon request, the Administrative Agent shall will deliver a statement detailing any of the payments to the Lenders referred to herein; and (f) all payments by the Administrative Agent to a Lender hereunder will be made to such Lender at its address set forth on the signature pages on this Agreement or on the applicable Assignment Agreement unless notice to the contrary is received by the Administrative Agent from such Lender. (b2) Unless the Administrative Agent has actual knowledge that shall have received notice from the Borrower has not made or will not make a prior to the date on which any payment is due to the Administrative Agent for value on the date in respect account of which any Lender hereunder that the Borrower has notified the Administrative Agent that the payment will be madenot make such payment, the Administrative Agent shall be entitled to may assume that the Borrower has made such payment has been or will be received from the Borrower when due on such date in accordance herewith and the Administrative Agent may (but shall not be obliged to)may, in reliance upon such assumption, pay distribute the Lenders corresponding amountsamount due to the Lenders. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shallwill, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losseslosses (other than loss of profit), damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall 11.02(2) will be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such payment.

Appears in 1 contract

Samples: Credit Agreement (Linens N Things Inc)

Payments by Administrative Agent. (a) For greater certainty, the following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, the Administrative Agent shall have no obligation to remit to each Lender any amount other than such LenderXxxxxx’s share of that amount which is actually received by the Administrative Agent; (iii) if a Lender’s share of an Advance has been advanced, or a Lender’s Commitment has been outstanding, for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such LenderXxxxxx’s entitlement to such payment shall be reduced in proportion to the length of time such Lender’s share of the Advance or such Lender’s Commitment, as the case may be, has actually been outstanding; (iv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, be binding and conclusive; and (v) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein. (b) Unless the Administrative Agent has actual knowledge that the Borrower has not made or will not make a payment to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such payment.

Appears in 1 contract

Samples: Credit Agreement (Midamerican Energy Co)

Payments by Administrative Agent. (a) For greater certainty, the following provisions shall will apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (ia) the Administrative Agent shall will be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the BorrowerConstruction Receiver; (iib) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower Construction Receiver under this Agreement, then, the Administrative Agent shall will have no obligation to remit to each Lender any amount other than such LenderXxxxxx’s share Applicable Percentage of that the amount which is actually received by the Administrative Agent; (iiic) if a Lender’s share of an Advance has been advanced, any Lender advances more or a Lender’s Commitment has been outstanding, for less than its Applicable Percentage of the full period to which any payment (other than a payment of principal) by the Borrower relatesLoan, such Lender’s entitlement to such payment shall will be reduced in proportion to the length of time such Lender’s share of the Advance increased or such Lender’s Commitmentreduced, as the case may be, has in proportion to the amount actually been outstandingadvanced by such Lender; (ivd) the Administrative Agent acting reasonably and in good faith shallwill, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shallwill, in the absence of manifest error, be binding and conclusive; and; (ve) upon request, the Administrative Agent shall will deliver a statement detailing any of the payments to the Lenders referred to herein.; and (bf) Unless all payments by the Administrative Agent has actual knowledge that to a Lender hereunder will be made to such Lender at its address set forth on the Borrower has not made signature pages on this Agreement or will not make a payment on the applicable Assignment and Assumption unless notice to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower contrary is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such paymentLender.

Appears in 1 contract

Samples: Credit Agreement

Payments by Administrative Agent. (a) For greater certainty, the following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, the Administrative Agent shall have no obligation to remit to each Lender any amount other than such Lender’s share of that amount which is actually received by the Administrative Agent; (iii) if a Lender’s share of an Advance has been advanced, or a Lender’s Commitment has been outstanding, for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such Lender’s entitlement to such payment shall be reduced in proportion to the length of time such Lender’s share of the Advance or such Lender’s Commitment, as the case may be, has actually been outstanding; (iv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, be binding and conclusive; and (v) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein.. LEGAL_1:60252742.8 (b) Unless the Administrative Agent has actual knowledge that the Borrower has not made or will not make a payment to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such payment.. LEGAL_1:60252742.8

Appears in 1 contract

Samples: Credit Agreement (Midamerican Funding LLC)

Payments by Administrative Agent. (a) For greater certainty, the following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, the Administrative Agent shall have no obligation to remit to each Lender any amount other than such Lender’s share 's Proportionate Share (based on the then outstanding Obligations of the Borrower hereunder) of that amount which is the amount actually received by the Administrative Agent; (iii) if any Lender advances more or less than its Proportionate Share of the Credit, such Lender's entitlement to such payment shall be increased or reduced, as the case may be, in proportion to the amount actually advanced by such Lender; (iv) if a Lender’s share 's Proportionate Share of an Advance has been advanced, or a Lender’s Commitment has been outstanding, advanced for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such Lender’s 's entitlement to such payment shall be reduced in proportion to the length of time such Lender’s share 's Proportionate Share of the applicable Advance or such Lender’s Commitment, as the case may be, has actually been outstanding; (ivv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, be binding and conclusive; and; (vvi) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein; and (vii) all payments by the Administrative Agent to a Lender hereunder shall be made to such Lender at its address set out in Schedule "B" unless notice to the contrary is received by the Administrative Agent from such Lender. (b) Unless the Administrative Agent has actual knowledge that the Borrower has not made or will not make a payment to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders Lenders' corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losseslosses (other than loss of profit), damages, penalties, and all reasonable costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a resultresult of such non-payment. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which If a payment is made not in reliance on fact received by the expectation of payment Administrative Agent from the Borrower in accordance with this Sectionand the Administrative Agent has paid to a Lender a corresponding amount, such Lender shall pay to the full Administrative Agent on demand an amount equal to the aggregate of the amount of such payment that is made to the Lender plus the product of (i) the Lender's rate per annum applicable to overnight deposits for amounts approximately equal to the amount paid by the Administrative Agent to such Lender and not recovered so received from the Borrower multiplied by (ii) the amount paid by the Administrative Agent to such Lender and not so received from the Borrower, together with interest at multiplied by (iii) a fraction, the rate per annum then in use at numerator of which is the Branch as a syndicate lender late number of days that have elapsed from and including the date of payment rate, from by the Administrative Agent to the Lender to but excluding the date on which payment is made by such Lender to the Administrative Agent to and the date on denominator of which repayment is made by the Lender receiving such payment365.

Appears in 1 contract

Samples: Credit Agreement (Enerplus Resources Fund)

Payments by Administrative Agent. LEGAL_1 :28825770.9 (a) For greater certainty, the following provisions shall apply to any and all payments made by the Administrative Agent to the Lenders hereunder: (i) the Administrative Agent shall be under no obligation to make any payment (whether in respect of principal, interest, fees or otherwise) to any Lender until an amount in respect of such payment has been received by the Administrative Agent from the Borrower; (ii) if the Administrative Agent receives less than the full amount of any payment of principal, interest, fees or other amount owing by the Borrower under this Agreement, the Administrative Agent shall have no obligation to remit to each Lender any amount other than such Lender’s 's share of that amount which is actually received by the Administrative Agent; (iii) if a Lender’s 's share of an Advance has been advanced, or a Lender’s 's Commitment has been outstanding, for less than the full period to which any payment (other than a payment of principal) by the Borrower relates, such Lender’s 's entitlement to such payment shall be reduced in proportion to the length of time such Lender’s 's share of the Advance or such Lender’s 's Commitment, as the case may be, has actually been outstanding; (iv) the Administrative Agent acting reasonably and in good faith shall, after consultation with the Lenders in the case of any dispute, determine in all cases the amount of all payments to which each Lender is entitled and such determination shall, in the absence of manifest error, be binding and conclusive; and (v) upon request, the Administrative Agent shall deliver a statement detailing any of the payments to the Lenders referred to herein. (b) Unless the Administrative Agent has actual knowledge that the Borrower has not made or will not make a payment to the Administrative Agent for value on the date in respect of which the Borrower has notified the Administrative Agent that the payment will be made, the Administrative Agent shall be entitled to assume that such payment has been or will be received from the Borrower when due and the Administrative Agent may (but shall not be obliged to), in reliance upon such assumption, pay the Lenders corresponding amounts. If the payment by the Borrower is in fact not received by the Administrative Agent on the required date and the Administrative Agent has made available corresponding amounts to the Lenders, the Borrower shall, without limiting its other obligations under this Agreement, indemnify the Administrative Agent against any and all liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on or incurred by the Administrative Agent as a result. A certificate of the Administrative Agent with respect to any amount owing by the Borrower under this Section shall be prima facie evidence of the amount owing in the absence of manifest error. The Administrative Agent shall be entitled to recover from each Lender to which a payment is made in reliance on the expectation of payment from the Borrower in accordance with this Section, the full amount of such payment that is not recovered from the Borrower, together with interest at the rate per annum then in use at the Branch as a syndicate lender late payment rate, from the date on which payment is made by the Administrative Agent to the date on which repayment is made by the Lender receiving such payment.

Appears in 1 contract

Samples: Credit Agreement (Berkshire Hathaway Energy Co)