Common use of Payments to Lenders Clause in Contracts

Payments to Lenders. Except as expressly set forth in Section 2.5(c) with respect to repayment of Swing Line Advances and Section 2.22(b) with respect to repayment of Competitive Bid Advances, Borrower will make each payment which it owes under the Loan Documents to Administrative Agent at its principal banking office in Dallas, Texas, or to such other office as Administrative Agent may specify from time to time by notice to Borrower for the account of each Lender to whom such payment is owed, without the application of any setoff, deduction or counterclaim. Each such payment must be received by Administrative Agent not later than 1:00 p.m., Dallas, Texas time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available funds. Any payment received by Administrative Agent after such time will be deemed to have been made on the next Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (except, with respect to any Eurodollar Portion, as may be otherwise required by the definition of Eurodollar Interest Period), and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. All payments applied to principal or interest on any Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with Section 2.10. Unless otherwise expressly provided, all payments by any Designated Entity pursuant to this Agreement or any other Loan Document shall be made by such Designated Entity to Administrative Agent for account of Agents and Lenders pro rata among Obligations of the same type and, if applicable, having the same Eurodollar Interest Period or, in the case of Swing Line Advances or Competitive Bid Advances, the same maturity date.

Payments to Lenders. Except as expressly set forth in Section 2.5(c2.6(b) with respect to repayment of Swing Line Advances and Section 2.22(b) with respect to repayment of Competitive Bid Advances, Borrower will make each payment which it owes under the Loan Documents to Administrative Agent at its principal banking office in Dallas, Texas, or to such other office as Administrative Agent may specify from time to time by notice to Borrower for the account of each Lender to whom such payment is owed, without the application of any setoff, deduction or counterclaim. Each such payment must be received by Administrative Agent not later than 1:00 p.m., Dallas, Texas time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available funds. Any payment received by Administrative Agent after such time will be deemed to have been made on the next Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (except, with respect to any Eurodollar Portion, as may be otherwise required by the definition of Eurodollar Interest Period), and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. All payments applied to principal or interest on any Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with Section 2.10. Unless otherwise expressly provided, all payments by any Designated Entity Obligor pursuant to this Agreement or any other Loan Document shall be made by such Designated Entity Obligor to Administrative Agent for account of Agents and Lenders pro rata among Obligations of the same type and, if applicable, having the same Eurodollar Interest Period or, in the case of Swing Line Advances or Competitive Bid Advances, the same maturity date.

Payments to Lenders. Except as expressly set forth in Section 2.5(c) with respect to repayment of Swing Line Advances and Section 2.22(b) with respect to repayment of Competitive Bid Advances, Borrower will make each payment which it owes under the Loan Documents to Administrative Agent at its principal banking office in Dallas, Texas, or to such other office as Administrative Agent may specify from time to time by notice to Borrower for the account of each Lender to whom such payment is owed, without the application of any setoff, deduction or counterclaim. Each such payment must be received by Administrative Agent not later than 1:00 p.m., Dallas, Texas time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available funds. Any payment received by Administrative Agent after such time will be deemed to have been made on the next Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (except, with respect to any Eurodollar Portion, as may be otherwise required by the definition of Eurodollar Interest Period), and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. All payments applied to principal or interest on any Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with Section 2.10. Unless otherwise expressly provided, all payments by any Designated Entity pursuant to this Agreement or any other Loan Document shall be made by such Designated Entity to Administrative Agent for the account of Agents and Lenders pro rata among Obligations of the same type and, if applicable, having the same Eurodollar Interest Period or, in the case of Swing Line Advances or Competitive Bid Advances, the same maturity date.

Payments to Lenders. Except as expressly set forth in Section 2.5(c) All payments of interest on the Notes, all payments of principal, including any principal payment made with respect proceeds of Mortgage Collateral, and fees hereunder shall be made directly to repayment of Swing Line Advances and Section 2.22(b) with respect to repayment of Competitive Bid AdvancesAgent without condition or deduction for any counterclaim, Borrower will make each payment which it owes under the Loan Documents to Administrative Agent at its principal banking office in Dallasdefense, Texasrecoupment, setoff, or withholding or deduction for taxes, for the pro-rata benefit of each Lender, in federal or other immediately available funds before 1:00 p.m. (Central time) on the respective dates when due via wire transfer to the Settlement Account. The Agent shall distribute such other office payments to the Lenders promptly upon receipt in like funds as Administrative Agent may specify from time to time by received, and in any event before 3:00 p.m. (Central time) on the day received. Borrower shall send notice to Borrower for Agent before 1:00 p.m. (Central time) on the account day any payment of each Lender to whom principal or interest is received by Agent which sets forth the Loans against which such payment is owed, without the application of any setoff, deduction or counterclaim. Each such payment must to be received by Administrative Agent not later than 1:00 p.m., Dallas, Texas time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available fundsapplied. Any payment (or any payment received without a notice regarding application of such payment) received by Administrative Agent after such time will be deemed to have been made on the next following Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (except, with respect to any Eurodollar Portion, as may be otherwise required by the definition of Eurodollar Interest Period)Day, and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. All payments applied to principal or interest on any Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with Section 2.10. Unless otherwise expressly provided, all payments by any Designated Entity pursuant to this Agreement or any other Each payment under a Loan Document shall be made by such Designated Entity to Administrative Agent for account of Agents and Lenders pro rata among Obligations of payable at the same type place provided therein and, if applicableno specific place of payment is provided, having shall be payable at the same Eurodollar Interest Period orplace of payment of the Notes. Prior to the occurrence of an Event of Default and the exercise of remedies by Agent, in when Agent collects or receives money on account of the case Obligations, Agent shall apply all such money so distributed, as follows: first, to any reimbursements due Agent under Section 5.5 and to any fees due Agent under the Fee Letter; second, to any reimbursements due Lenders under Section 5.5; third, prior to a Default or Event of Swing Line Advances or Competitive Bid AdvancesDefault, to the same maturity date.payment of the Loans then due, as directed by Borrower;

Payments to Lenders. Except as expressly set forth in Section 2.5(c) All payments of interest on the Notes, all payments of principal, including any principal payment made with respect proceeds of Mortgage Collateral, and fees hereunder shall be made directly to repayment of Swing Line Advances and Section 2.22(b) with respect to repayment of Competitive Bid AdvancesAgent without condition or deduction for any counterclaim, Borrower will make each payment which it owes under the Loan Documents to Administrative Agent at its principal banking office in Dallasdefense, Texasrecoupment, setoff, or withholding or deduction for taxes, for the pro-rata benefit of each Lender, in federal or other immediately available funds before 10:00 a.m. (Central time) on the respective dates when due via wire transfer to the Settlement Account. The Agent shall distribute such other office payments to the Lenders promptly upon receipt in like funds as Administrative Agent may specify from time to time by received, and in any event before 3:00 p.m. on the day received. Borrower shall send notice to Borrower for Agent before 10:00 a.m. (Central time) on the account day any payment of each Lender to whom principal or interest is received by Agent which sets forth the Loans against which such payment is owed, without the application of any setoff, deduction or counterclaim. Each such payment must to be received by Administrative Agent not later than 1:00 p.m., Dallas, Texas time, on the date such payment becomes due and payable, in lawful money of the United States of America and in immediately available fundsapplied. Any payment (or any payment received without a notice regarding application of such payment) received by Administrative Agent after such time will be deemed to have been made on the next following Business Day. Should any such payment become due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (except, with respect to any Eurodollar Portion, as may be otherwise required by the definition of Eurodollar Interest Period)Day, and, in the case of a payment of principal or past due interest, interest shall accrue and be payable thereon for the period of such extension as provided in the Loan Document under which such payment is due. All payments applied to principal or interest on any Note shall be applied first to any interest then due and payable, then to principal then due and payable, and last to any prepayment of principal and interest in compliance with Section 2.10. Unless otherwise expressly provided, all payments by any Designated Entity pursuant to this Agreement or any other Each payment under a Loan Document shall be made by such Designated Entity to Administrative Agent for account of Agents and Lenders pro rata among Obligations of payable at the same type place provided therein and, if applicableno specific place of payment is provided, having shall be payable at the same Eurodollar Interest Period orplace of payment of the Notes. Prior to the occurrence of an Event of Default and the exercise of remedies by Agent, in when Agent collects or receives money on account of the case of Swing Line Advances or Competitive Bid AdvancesObligations, the same maturity date.Agent shall apply all such money so distributed, as follows: