Payments Generally; Pro Rata Treatment; Sharing of Set. (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees, or of amounts payable under Sections 2.12, 2.13 or 2.14, or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its Principal Office and except that payments pursuant to Sections 2.12, 2.13 or 2.14 and Section 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment or performance hereunder shall be due on a day that is not a Business Day, the date for payment or performance shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars.
(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.
(c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion received by any other applicable Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the applicable Loans of other applicable Lenders to the extent necessary so that the benefit of all such payments shall be shared by the applicable Lenders ratably in accordance with...
Payments Generally; Pro Rata Treatment; Sharing of Set. Off 4951 Section 2.16 Mitigation Obligations; Replacement of Lenders 5052 Section 2.17 Defaulting Lenders 5153 Section 2.18 Incremental Facility 5355 Section 2.19 Extension of the Maturity Date 5557 Section 2.20 Letters of Credit. 5658 ARTICLE 3 REPRESENTATIONS AND WARRANTIES 6264 Section 3.01 Organization; Powers 6264 Section 3.02 Authorization; Enforceability 6264 Section 3.03 Governmental Approvals; No Conflicts 6264 Section 3.04 Financial Condition; No Material Adverse Change 6365 Section 3.05 Properties 6365 Section 3.06 Litigation and Environmental Matters 6365 Section 3.07 Compliance with Laws and Agreements; No Default 6466 Section 3.08 Investment Company Status 6466 Section 3.09 Margin Stock 6466 Section 3.10 Taxes 6466 Section 3.11 ERISA 6466 Section 3.12 Disclosure 6567 Section 3.13 Subsidiaries 6668 Section 3.14 Solvency 6668 Section 3.15 Anti-Terrorism Law 6668 Section 3.16 FCPA; Sanctions 6769 Section 3.17 Collateral Matters 6770 Section 3.18 Beneficial Ownership Certification 6870 ARTICLE 4 CONDITIONS 6870 Section 4.01 Effective Date 6870 Section 4.02 Each Credit Event 7072 ARTICLE 5 AFFIRMATIVE COVENANTS 7073 Section 5.01 Financial Statements; Ratings Change and Other Information 7073 Section 5.02 Notices of Material Events 7274 Section 5.03 Existence; Conduct of Business 7375 Section 5.04 Payment of Taxes and Other Claims 7375 Section 5.05 Maintenance of Properties; Insurance 7375 Section 5.06 Books and Records; Inspection Rights 7375 Section 5.07 ERISA-Related Information 7476 Section 5.08 Compliance with Laws and Agreements 7476 Section 5.09 Use of Proceeds 7476 Section 5.10 Additional Guarantors; Additional Collateral 7477 Section 5.11 Holdings 7678 Section 5.12 Post-Closing 7678 ARTICLE 6 NEGATIVE COVENANTS 7679 Section 6.01 Indebtedness 7779 Section 6.02 Liens 7880 Section 6.03 Fundamental Changes 8082 Section 6.04 Use of Proceeds 8183 Section 6.05 Minimum Liquidity 8183 Section 6.06 Restricted Repayments 8183 Section 6.07 Junior Debt Prepayments 8284 ARTICLE 7 EVENTS OF DEFAULT 8385 Section 7.01 Events of Default 8385 Section 7.02 Application of Funds 8587 ARTICLE 8 THE AGENTS 8688 Section 8.01 Appointment of the Administrative Agent 8688 Section 8.02 Powers and Duties 8789 Section 8.03 General Immunity 8789 Section 8.04 Administrative Agent Entitled to Act as Lender 8991 Section 8.05 Lenders’ Representations, Warranties and Acknowledgment 8991 Section 8.06 Right to Indemnity 8992 Section 8.07 Successor Administrative Agent 9092 Sect...
Payments Generally; Pro Rata Treatment; Sharing of Set offs 46 Section 2.22. Letters of Credit 48 Section 2.23. Increase of Commitments; Additional Lenders 52 Section 2.24. Mitigation of Obligations 54 Section 2.25. Replacement of Lenders 54 Section 2.26. Cash Collateralization of Defaulting Lender Commitment 54
Payments Generally; Pro Rata Treatment; Sharing of Set offs 7275 SECTION 2.18. Mitigation Obligations; Replacement of Lenders 7477 SECTION 2.19. Refinancing Amendments 7577
Payments Generally; Pro Rata Treatment; Sharing of Set offs 53 Section 2.18 Mitigation Obligations; Replacement of Lenders 55 Section 2.19 Increase of Commitments 56 Section 2.20 Defaulting Lenders 57 Section 2.21 Illegality 59 Section 2.22 Judgment Currency 60 ARTICLE III Representations and Warranties 60 Section 3.01 Organization 60 Section 3.02 Authority Relative to this Agreement 60 Section 3.03 No Violation 61 Section 3.04 Financial Statements 61 Section 3.05 No Undisclosed Liabilities 61 Section 3.06 Litigation 62 Section 3.07 Compliance with Law 62 Section 3.08 Properties 62 Section 3.09 Intellectual Property 62 Section 3.10 Taxes 63 Section 3.11 Environmental Compliance 63 Section 3.12 Labor Matters 64 Section 3.13 Investment Company Status 64 Section 3.14 Insurance 64 Section 3.15 Solvency 64 Section 3.16 ERISA 65 Section 3.17 Disclosure 65 Section 3.18 Margin Stock 65 Section 3.19 Anti-Corruption Laws and Sanctions 65
Payments Generally; Pro Rata Treatment; Sharing of Set offs 8387 SECTION 2.16. Mitigation Obligations; Replacement of Lenders 8589 SECTION 2.17. Illegality 8690 SECTION 2.18. Incremental Facilities 8791 SECTION 2.19. Other Term Loans 9195 SECTION 2.20. Extensions of Term Loans 9196 SECTION 2.21. Repricing Event 9397 SECTION 3.01. Organization; Powers 9498 SECTION 3.02. Authorization 9498 SECTION 3.03. Enforceability 9599 SECTION 3.04. Governmental Approvals 95 99 SECTION 3.05. Title to Properties; Possession Under Leases 96100 SECTION 3.06. Subsidiaries 96100 SECTION 3.07. Litigation; Compliance with Laws 96101 SECTION 3.08. Federal Reserve Regulations 97101 SECTION 3.09. Investment Company Act 97101 SECTION 3.10. Use of Proceeds 97102 SECTION 3.11. Tax Returns 97102 SECTION 3.12. No Material Misstatements 98102 SECTION 3.13. Environmental Matters 98103 SECTION 3.14. Security Documents 99104 SECTION 3.15. Location of Real Property and Leased Premises 100104 SECTION 3.16. Solvency 100105 SECTION 3.17. No Material Adverse Effect 100105 SECTION 3.18. Insurance 100105
Payments Generally; Pro Rata Treatment; Sharing of Set offs 37 Section 4.02. Presumption of Payment by the Borrower 38 Section 4.03. Certain Deductions by the Administrative Agent 38 Section 4.04. Disposition of Proceeds 39 Section 5.01. Increased Costs 39 Section 5.02. Break Funding Payments 40 Section 5.03. Taxes 40 Section 5.04. Mitigation Obligations; Replacement of Lenders 45 Section 5.05. Illegality 46 Section 6.01. Effective Date 46 Section 6.02. Additional Conditions 51
Payments Generally; Pro Rata Treatment; Sharing of Set offs 43 Section 2.19. Mitigation Obligations; Replacement of Lenders 44 Section 2.20. Increase Option 45 Section 2.21. [Reserved] 46 Section 2.22. Defaulting Lenders 46 Article III Representations and Warranties 46
Section 3.01. Organization; Powers; Subsidiaries 47 Section 3.02. Authorization; Enforceability 47 Section 3.03. Governmental Approvals; No Conflicts 47 Section 3.04. Financial Condition; No Material Adverse Change 47 Section 3.05. Properties 48 Section 3.06. Litigation, Environmental and Labor Matters 48 Section 3.07. Compliance with Laws and Agreements 49 Section 3.08. Investment Company Status 49 Section 3.09. Taxes 49 Section 3.10. ERISA 49 Section 3.11. Disclosure 49 Section 3.12. Federal Reserve Regulations 50 Section 3.13. Liens 50 Section 3.14. No Default 50 Section 3.15. Anti-Corruption Laws and Sanctions 50 Article IV Conditions 50 Section 4.01. Effective Date 50 Section 4.02. Each Credit Event 51 Article V Affirmative Covenants 52 Section 5.01. Financial Statements and Other Information 52 Section 5.02. Notices of Material Events 53 Section 5.03. Existence; Conduct of Business 53 Section 5.04. Payment of Obligations 54 Section 5.05. Maintenance of Properties; Insurance 54 Section 5.06. Books and Records; Inspection Rights 54 Section 5.07. Compliance with Laws and Material Contractual Obligations 54 Section 5.08. Use of Proceeds 55 Section 5.09. Subsidiary Guaranty 55 Article VI Negative Covenants 55 Section 6.01. Subsidiary Indebtedness 55 Section 6.02. Liens 57 Section 6.03. [Reserved] 59 Section 6.04. Fundamental Changes 59
Payments Generally; Pro Rata Treatment; Sharing of Set offs 68 Section 4.02 Presumption of Payment by the Borrower 69
Payments Generally; Pro Rata Treatment; Sharing of Set offs Section 2.22. [Intentionally Omitted] Section 2.23. Increase of Commitments; Additional Lenders Section 2.24. Mitigation of Obligations
