Common use of Payments by the Administrative Agent Clause in Contracts

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender, all amounts received by the Administrative Agent on behalf of the Lenders shall be allocated in accordance with their related Lender’s respective Pro Rata Share 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 on such Business Day, but, in any event, shall pay such amounts to such Lender not later than the following Business Day.

Payments by the Administrative Agent. Unless specifically allocated to a specific Lender, all amounts received by the Administrative Agent on behalf of the Lenders shall be allocated in accordance with their related Lender’s 's respective Pro Rata Share 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 on such Business Day, but, in any event, shall pay such amounts to such Lender not later than the following Business Day.