Common use of Payments by the Administrative Agent Clause in Contracts

Payments by the Administrative Agent. All amounts received by the Administrative Agent on behalf of the Purchasers shall be paid by the Administrative Agent to the applicable Purchasers in accordance with the terms of this Agreement, 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 the applicable Purchasers on such Business Day, but, in any event, shall pay such amounts to such Purchasers not later than the following Business Day.