Common use of Payments by the Administrative Agent Clause in Contracts

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents shall be paid by the Administrative Agent to the Lender Agents in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day.

Appears in 21 contracts

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.), Loan and Servicing Agreement (GOLUB CAPITAL BDC, Inc.)

AutoNDA by SimpleDocs

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents Lenders shall be paid by the Administrative Agent to the Lender Agents Lenders in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon (New York City Time) on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day. The Administrative Agent shall pay amounts owing to each Lender in accordance with the written instructions delivered by each such Lender to the Administrative Agent.

Appears in 15 contracts

Samples: Loan and Security Agreement (KKR FS Income Trust), Loan, Security and Collateral Management Agreement (AG Twin Brook Capital Income Fund), Loan and Security Agreement (FS KKR Capital Corp)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Purchaser Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Purchaser Agents shall be paid by the Administrative Agent to the Lender Purchaser Agents in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding then to the Purchaser Agents in accordance with their related Lender’s the most recent Commitmentsapplicable Commitment, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Purchaser Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Purchaser Agent not later than the following Business Day.

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Purchaser Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Purchaser Agents shall be paid by the Administrative Agent to the Lender Purchaser Agents in accordance with their related Lender’s respective Pro Pro-Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s the most recent Commitmentsapplicable Commitment, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon p.m. on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Purchaser Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Purchaser Agent not later than the following Business Day.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Purchaser Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Purchaser Agents shall be paid by the Administrative Agent to the Lender Purchaser Agents pro rata in accordance with their related LenderPurchaser’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related LenderPurchaser’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Purchaser Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Purchaser Agent not later than the following Business Day.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (MCG Capital Corp), Sale and Servicing Agreement (MCG Capital Corp)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent the Purchaser Agents pursuant to the terms of this Agreement, all amounts (if any) received by the Administrative Agent on behalf of the Lender Purchaser Agents shall be paid by the Administrative Agent to the Lender Purchaser Agents (at their respective accounts specified in their respective Assignment and Assumption Agreements) in accordance with their respective related Lender’s respective Pro Rata Shares pro rata interests in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, Net Investment on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent the Purchaser Agents on such Business Day, but, in any event, shall pay such amounts to such Lender Agent the Purchaser Agents in accordance with their respective related pro rata interests in the applicable Net Investment not later than the following Business Day.

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Metris Companies Inc), Transfer and Administration Agreement (Metris Direct Inc)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents Lenders shall be paid by the Administrative Agent to the Lender Agents Lenders in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon p.m. (New York City time) on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day. The Administrative Agent shall pay amounts owing to each Lender in accordance with the written instructions delivered by each such Lender to the Administrative Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Purchaser Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Purchaser Agents shall be paid by the Administrative Agent to the Lender Purchaser Agents in accordance with their related Lender’s respective Pro Pro-Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding then to the Purchaser Agents in accordance with their related Lender’s the most recent Commitmentsapplicable Commitment, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Purchaser Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Purchaser Agent not later than the following Business Day.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

AutoNDA by SimpleDocs

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents shall be paid by the Administrative Agent to the Lender Agents in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon 11:00 a.m. on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day.

Appears in 1 contract

Samples: Loan and Security Agreement (FS Investment CORP)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents shall be paid by the Administrative Agent to the Lender Agents in accordance with their related Lender’s respective Pro Rata Shares in the -129- applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day.

Appears in 1 contract

Samples: Loan and Servicing Agreement (Business Development Corp of America)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents shall be paid by the Administrative Agent to the Lender Agents in accordance with their related LenderXxxxxx’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day.

Appears in 1 contract

Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents Lenders shall be paid by the Administrative Agent to the each Lender Agents in accordance with their related each such Lender’s respective Pro Rata Shares in the applicable Advances OutstandingShare, as applicable, or if there are no Advances Outstanding Outstanding, in accordance with their related Lender’s the most recent CommitmentsCommitments of the Lenders, as applicable, on the Business Day such amounts are received by the Administrative Agent, unless such amounts are received after 12:00 noon 2:00 p.m. on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to each such Lender Agent not later than the following Business Day.. ‑174‑

Appears in 1 contract

Samples: Loan and Servicing Agreement (MSD Investment Corp.)

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender Agent pursuant to the terms of this Agreement, all amounts received by the Administrative Agent on behalf of the Lender Agents Lenders shall be paid by the Administrative Agent to the Lender Agents Lenders in accordance with their related Lender’s respective Pro Rata Shares in the applicable Advances Outstanding, or if there are no Advances Outstanding in accordance with their related Lender’s most recent Commitments, on the Business Day received by the Administrative Agent, unless such amounts are received after 12:00 noon (New York City Time) on such Business Day, in which case the Administrative Agent shall use its reasonable efforts to pay such amounts to each Lender Agent on such Business Day, but, in any event, shall pay such amounts to such Lender Agent not later than the following Business Day.. The Administrative Agent shall pay amounts owing to each Lender in accordance with the written instructions delivered by each such Lender to the Administrative Agent. [Investcorp] Loan and Security Agreement

Appears in 1 contract

Samples: Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!