Common use of Payments Directly to Swing Line Lenders Clause in Contracts

Payments Directly to Swing Line Lenders. Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the applicable Swing Line Lender. Upon receipt by a Swing Line Lender of a payment of principal in respect of a Swing Line Loan, such Swing Line Lender shall immediately notify Administrative Agent of such payment.

Appears in 2 contracts

Samples: Credit Agreement (Pultegroup Inc/Mi/), Credit Agreement (Pultegroup Inc/Mi/)

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Payments Directly to Swing Line Lenders. Borrower The Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Administrative Agent, for the account of the applicable Swing Line Lender. Upon receipt by a Swing Line Lender of a payment of principal in respect of a Swing Line Loan, such Swing Line Lender shall immediately notify Administrative Agent of such payment.

Appears in 1 contract

Samples: Credit Agreement

Payments Directly to Swing Line Lenders. The applicable Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the applicable Swing Line Lender. Upon receipt by a Swing Line Lender of a payment of principal in respect of a that made such Swing Line Loan, such Swing Line Lender shall immediately notify Administrative Agent of such payment.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Genuine Parts Co)

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Payments Directly to Swing Line Lenders. The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the applicable Swing Line Lenders in accordance with each Swing Line Lender. Upon receipt by a ’s Pro Rata Swing Line Lender Share of a the Swing Line Loans. For the avoidance of doubt, any such payment of principal and/or interest in respect of a the Swing Line Loan, such Swing Line Lender Loans made by Safe Harbor (or any other Subsidiary) shall immediately notify Administrative Agent of such paymentbe deemed to have the same effect hereunder as a payment made by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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