Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Agent), Agent shall distribute to each Lender its ratable share, if any, of the amount of principal payments received by Agent for the account of such Lender. With respect to interest, commitment fees and other payments received by Agent from Borrower, Agent shall promptly distribute to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment received by Agent for the account of such Lender. Each Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing Loans and Letters of Credit, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligations of Borrower under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, interest and fees owing to each Lender.
Appears in 1 contract
Samples: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)
Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Upon Agent)’s receipt of payments hereunder, Agent shall immediately distribute to each Lender its ratable share, if any, of the amount of principal payments principal, interest, and facility and other fees received by Agent it for the account of such Lender. With respect to interest, commitment fees and other payments Payments received by Agent from Borrower, Agent in Dollars shall promptly distribute be delivered to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment Lenders in Dollars in immediately available funds. Payments received by Agent for in any Alternate Currency shall be delivered to the account of Lenders in such LenderAlternate Currency in same day funds. Each Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans and Fixed Rate Loans, Eurodollar Loans, Swing Loans and Letters the Table of CreditContents type of currency for each Loan, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided provided, however, that failure to make any such entry shall in no way detract from the obligations of Borrower under this Agreement or any Notethe Notes. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the such Loans and Letters of Credit set forth on the records of Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, principal and interest owing and fees owing to unpaid on each LenderNote.
Appears in 1 contract
Samples: Credit Agreement (Steris Corp)
Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Upon Agent)'s receipt of payments hereunder, Agent shall immediately distribute to each Lender its ratable share, if any, of the amount of principal payments principal, interest, and facility and other fees received by Agent for the account of such Lender. With respect to interest, commitment fees and other payments Payments received by Agent from Borrower, Agent in Dollars shall promptly distribute be delivered to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment Lenders in Dollars in immediately available funds. Payments received by Agent for in any Alternate Currency shall be delivered to the account of Lenders in such LenderAlternate Currency in same day funds. Each Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans and LIBOR Fixed Rate Loans, Eurodollar Loans, Swing Loans and Letters the type of Creditcurrency for each Loan, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided provided, however, that failure to make any such entry shall in no way detract from the obligations of Borrower under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, principal and interest and fees owing to each Lender.
Appears in 1 contract
Samples: Credit Agreement (Schulman a Inc)
Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Upon the Administrative Agent)’s receipt of payments hereunder, the Administrative Agent shall immediately distribute to each Lender its the appropriate Lenders (except with respect to Letters of Credit, certain of which payments shall be paid to the Issuing Lender) their respective ratable shareshares, if any, of the amount of principal payments principal, interest, and commitment and other fees received by the Administrative Agent for the account of such Lender. With respect to interest, commitment fees and other payments Payments received by Agent from Borrower, the Administrative Agent shall promptly distribute be delivered to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment received by Agent for the account of such LenderLenders in immediately available funds. Each appropriate Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing SOFR Loans and Letters of Credit, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligations of Borrower the Borrowers under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of the Administrative Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, interest and fees owing to each Lender.
Appears in 1 contract
Samples: Credit and Security Agreement (AvidXchange Holdings, Inc.)
Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Upon the Administrative Agent)’s receipt of payments hereunder, the Administrative Agent shall promptly distribute to each Lender its the appropriate Lenders (except with respect to Letters of Credit, certain of which payments shall be paid to the Fronting Lender) their respective ratable shareshares, if any, of the amount of principal payments principal, interest, and commitment and other fees received by the Administrative Agent for the account of such Lender. With respect to interest, commitment fees and other payments Payments received by Agent from Borrower, the Administrative Agent shall promptly distribute be delivered to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment received by Agent for the account of such LenderLenders in immediately available funds. Each Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing Loans and Letters of Credit, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligations of the Borrower under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of the Administrative Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, interest and fees owing to each Lender.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (Ignite Restaurant Group, Inc.)
Payments to Lenders. On each Settlement Date (and more frequently if deemed appropriate by Upon the Administrative Agent)’s receipt of payments hereunder, the Administrative Agent shall immediately distribute to each Lender its the appropriate Lenders (except with respect to Letters of Credit, certain of which payments shall be paid to the Issuing Lender) their respective ratable share, if any, shares of the amount of principal payments principal, interest, and commitment and other fees received by the Administrative Agent for the account of such Lender. With respect to interest, commitment fees and other payments Payments received by Agent from Borrower, the Administrative Agent shall promptly distribute be delivered to each Lender its ratable share, if any, of the amount of interest, commitment fee or other payment received by Agent for the account of such LenderLenders in immediately available funds. Each appropriate Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing SOFR Loans and Letters of Credit, all prepayments and the applicable dates, including Interest Periods, with respect to the Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligations of Borrower the Borrowers under this Agreement or any Note. The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of the Administrative Agent shall be rebuttably presumptive evidence with respect to such information, including the amounts of principal, interest and fees owing to each Lender.
Appears in 1 contract
Samples: Credit and Security Agreement (AvidXchange Holdings, Inc.)