Common use of Payments by the Class Agents Clause in Contracts

Payments by the Class Agents. Unless specifically allocated to a Class Investor pursuant to the terms of this Agreement, all amounts received by each Class Agent on behalf of any of the related Class Investors shall be paid by such Class Agent to such Class Investors (at their respective accounts specified to such Class Agent) in accordance with their respective related pro rata interests in the applicable Net Investment on the Business Day received by each Class Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case each Class Agent shall use its reasonable efforts to pay such amounts to any of the Bank Investors, as applicable, on such Business Day, but, in any event, shall pay such amounts to such Bank Investors in accordance with their respective related pro rata interests in the applicable Net Investment not later than the following Business Day.

Appears in 5 contracts

Samples: Transfer and Administration Agreement (Tech Data Corp), Transfer and Administration Agreement (Tech Data Corp), Transfer and Administration Agreement (Tech Data Corp)

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Payments by the Class Agents. Unless specifically allocated to a Class Bank Investor pursuant to the terms of this Agreement, all amounts received by each any Class Agent on behalf of any the Bank Investors of the related its Class Investors shall be immediately paid by such Class Agent to such Class the applicable related Bank Investors (at their respective accounts specified to such Class Agentherein or in their respective Assignment and Assignment and Assumption Agreements, as applicable) in accordance with their respective related pro rata interests in the applicable Net Investment of the related Class on the Business Day received by each the Class Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case each such Class Agent shall use its reasonable efforts to pay such amounts to any of the such Bank Investors, as applicable, Investors on such Business Day, but, but in any event, shall pay such amounts to such the Bank Investors in accordance with their respective related pro rata interests in the applicable Net Investment not later than the following Business Day.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Saks Inc)

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