Payments to the Lenders Sample Clauses

Payments to the Lenders. Each payment by the Agent to a Lender will be made to the account of that Lender notified to the Agent for this purpose.

Payments to the Lenders. All payments to be made by the Borrower under the Finance Documents shall be made in US dollars, directly to the accounts specified in the table appearing in Part III of Schedule 1 (The Parties), pro rata between such accounts, in accordance with the respective rate specified with respect to each account in such table.

Payments to the Lenders. 11.1.1 On each date on which the Borrower is required to make a payment under this Agreement, the Borrower shall make the same available to each Lender for value on the due date at the time and in such funds specified by each Lender as being customary at the time for settlement of transactions in the relevant currency in the place of payment. 11.1.2 Payment shall be made to such account in Hong Kong or New York with such bank as each Lender specifies. 11.1.3 All repayment made by the Borrower in relation to the Loans shall be made to each Lender pro rata in accordance with their respective participations in the Loans.

Payments to the Lenders. Payment of interest, principal and fees to the Lenders shall be directed by wire transfer to the Agent at Chase Manhattan Bank, ABA #000000000, Account #000-0-000000, Reference: Ascent Energy, Inc., no later than 12:00 noon, New York City, New York, time on the day such payments or prepayments are due. If any payment of principal or interest on the Note(s) or any payment of fees shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time in such case shall be included in computing interest in connection with such payment. Any payment or prepayment received by the Agent at any time after 12:00 noon New York City, New York, time on a Business Day shall be deemed to have been received on the next Business Day. Interest shall cease to accrue on any principal as of the end of the day preceding the Business Day on which any such payment or prepayment is deemed hereunder to have been received by the Agent. When the Agent collects or receives money on account of the Obligations, the Agent shall distribute all money so collected or received, and each Lender shall apply all such money so distributed, as follows: (i) first, for the payment of all Obligations which are then due (and if such money is insufficient to pay all such Obligations, first to any reimbursements due the Agent under Section 6(c) or Section 19(c) and then to the partial payment of all other Obligations then due in proportion to the amounts thereof, or as the Agent shall otherwise designate); (ii) then for the prepayment of amounts owing under the Loan Documents (other than principal on the Notes) if so specified by the Borrower; (iii) then for the prepayment of principal on the Notes, together with accrued and unpaid interest on the principal so prepaid; and (iv) last, for the payment or prepayment of any other Obligations. 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 4(b). All distributions of amounts described in any of subsections (ii), (iii) or (iv) above shall be made by the Agent pro rata to each Lender then owed Obligations described in such subsection in proportion to all amounts owed to all the Lenders which are described in such subsection; provided that if any Lender then owes payments to the Agent under Section 1...

Payments to the Lenders. Upon Agent's receipt of payments hereunder, Agent shall immediately distribute to each Lender its ratable share, if any, of the amount of principal, interest, and commitment and other fees received by it for the account of such Lender. The Special Foreign Lender with respect to any Special Foreign Commitment shall receive the payments of principal, interest and commitment and other fees with respect to such Special Foreign Commitment. Payments received by Agent in Dollars shall be delivered to the Lenders in Dollars in immediately available funds. Payments received by Agent in any Alternate Currency shall be delivered to the Lenders in such Alternate 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, the 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, however, that failure to make any such entry shall in no way detract from the obligations of Borrowers under the Notes. 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 and interest owing and unpaid on each Note.

Payments to the Lenders. All payments to be made by the Borrower under the Finance Documents shall be made in USD, directly to the accounts specified in the table appearing in Part III of Schedule 1 (The Parties), pro rata between such accounts, in accordance with the respective rate specified with respect to each account in such table.

Payments to the Lenders. Automatic repayments shall be distributed by the Agent to the Lenders in like funds on a weekly basis, pro rata according to the Percentage Interest of each Lender. Agent shall pay to the Lenders the Federal Funds Rate for each night that funds remain in the Agent's possession after receipt by Agent (if received by 11:00 am Denver time) but prior to distribution to the Lenders. In the event the Agent receives less than the aggregate amount due to all Lenders, the Agent shall distribute ratably to each Lender, in the case of any payment, the portion of the aggregate amount received by the Agent on such day multiplied by the Percentage Interest of such Lender. Payments (other than Automatic Repayments) by Borrower to the Agent on account of principal of and interest on the Loan or otherwise hereunder shall be distributed by the Agent to the Lenders on the same day such funds are received from Borrower in like funds, provided that the Agent receives such finds by 11:00 a.m. Denver time and on the next Business Day if the Agent receives such funds after 11:00 a.m. Denver time, pro rata according to the Percentage Interest of each Lender in like funds; provided that in the event the Agent receives immediately available finds from Borrower before 11:00 a.m. on any Business Day but does not remit such payments to the Lenders until the next Business Day, the Agent shall pay to the Lenders the Federal Funds Rate for each night that funds remain in the Agent's possession. In the event the Agent receives less than the aggregate amount due to all Lenders on any day, the Agent shall distribute ratably to each Lender, in the case of any payment, the portion of the aggregate amount received by the Agent on such day multiplied by the Percentage Interest of such Lender. Each Lender hereby agrees that Agent may offset any amounts due and owing to such Lender against any amounts due and owing from such Lender to Agent.

Payments to the Lenders. (a) Except as otherwise expressly provided herein, so long as no Event of Default has occurred and is continuing, all amounts tendered by the Borrower or otherwise available for payment on the Loan, shall be distributed by the Agent to (i) first, the Agent, to pay for the Administrative Fee, if any, then due and payable, (ii) second, costs and expenses required to be paid to the Agent pursuant to Section 9.2A of the Credit Agreement, (iii) third, costs and expenses required to be paid to the Lenders pursuant to Section 9.2A of the Credit Agreement, pari passu in accordance with each Lender’s Pro Rata Share, and (iv) fourth, to the Lenders pari passu in accordance with each Lender’s Pro Rata Share, in payment of any Loan Fees then due and payable, if any, and (v) fifth, to the Lenders pari passu in accordance with each Lender’s Pro Rata Share, for application first to interest accrued and unpaid and then to any scheduled principal payment (including Balloon Payments) on the Loan and any Prepayment on the Loan, provided however, that notwithstanding the foregoing provision of this 3(a)(iv), with respect to Net Cash from Project Sales received for Release Parcels during the Extension Period (but not as to any such amounts received prior to the commencement of the Extension Period), such funds shall be paid in the following priority: (1) first, to the Tranche A-1 Holder, to be applied in reduction of the Tranche A-1 Principal Balance until such balance is zero, (2) second, to the Tranche A-2 Holder, to be applied in reduction of the Tranche A-2 Principal Balance until such balance is zero, and (3) third, to the Tranche B Holder, to be applied in reduction of the Tranche B Principal Balance until such balance is zero; (b) Except as otherwise provided herein, following the occurrence, and during the continuance of, an Event of Default, all amounts tendered by the Borrower or otherwise available for payment on the Loan shall be distributed by the Agent in the following order of priority: (i) first, to the Agent, to pay for the Administrative Fee, if any, then due and payable, (ii) second, costs and expenses required to be paid to the Agent pursuant to Section 9.2A of the Credit Agreement; (iii) third, costs and expenses required to be paid to the Lenders pursuant to Section 9.2A of the Credit Agreement pari passu in accordance with each Lender’s Pro Rata Share; (iv) fourth, to the Tranche A-1 Holder, in an amount equal to the accrued and unpaid interest (at the n...

Payments to the Lenders. All payments made by the Company to the Lenders under this Agreement must be made: (a) simultaneously to both Lenders in a proportion equal to the Pro Rata Share of each Lender; (b) without set-off or counterclaim.

Payments to the Lenders. Unless otherwise provided in the Credit Documents, all payments to be made by the Borrower must be made directly to each of the Lenders pro rata to their Commitments (unless an Event of Default has occurred and is continuing in which case such payments must be made to the Agent).