Common use of Remittance of Payments Clause in Contracts

Remittance of Payments. Forthwith after receipt of any repayment pursuant to this Agreement or payment of interest or fees hereunder, the Administrative Agent shall remit to each Lender its Rateable Portion of such payment in accordance with the advances made by such Lender hereunder; provided that if the Administrative Agent, on the assumption that it will receive a payment hereunder on the due date thereof, remits to each Lender its Rateable Portion of such payment and the Borrowers fail to make such payment, each of the Lenders agree to repay to the Administrative Agent forthwith on demand such Lender's Rateable Portion of the payment made pursuant hereto together with all reasonable costs and expenses incurred by the Administrative Agent in connection therewith and interest thereon (at a rate of interest reasonably determined by the Administrative Agent) for each day from the date such amount is remitted to the Lenders, the exact amount of the repayment required to be made by the Lenders pursuant hereto to be as set forth in a certificate delivered by the Administrative Agent to each Lender, which certificate shall be prima facie evidence for all purposes absent manifest error.

Remittance of Payments. Forthwith after receipt of any repayment pursuant to this Agreement or payment of interest or fees hereunder, the Administrative Agent shall remit to each Lender its Rateable Portion portion of such payment in accordance with the advances made by such Lender hereunder; provided that if the Administrative Agent, on the assumption that it will receive a payment hereunder on the due date thereof, remits to each Lender its Rateable Portion such Lender’s portion of such payment and the Borrowers fail to make such payment, each of the Lenders agree to repay to the Administrative Agent forthwith on demand each such Lender's Rateable Portion ’s portion of the payment made pursuant hereto together with all reasonable costs and expenses incurred by the Administrative Agent in connection therewith and interest thereon (at a rate of interest reasonably determined by the Administrative Agent) for each day from the date such amount is remitted by the Administrative Agent to the Lenders, Lenders and the exact amount of the repayment required to be made by each of the Lenders pursuant hereto is to be as set forth in a certificate delivered by the Administrative Agent to each Lender, which certificate shall be prima facie evidence of each such required repayment for all purposes absent manifest error.

Remittance of Payments. Forthwith after receipt of any repayment pursuant to this Agreement or payment of interest or fees hereunder, the Administrative Agent shall remit to each Lender its Rateable Portion of such payment in accordance with the advances made by such Lender hereunder; provided that if the Administrative Agent, on the assumption that it will receive a payment hereunder on the due date thereof, remits to each Lender its such Lender's Rateable Portion of such payment and the Borrowers fail to make such payment, each of the Lenders agree to repay to the Administrative Agent forthwith on demand each such Lender's Rateable Portion of the payment made pursuant hereto together with all reasonable costs and expenses incurred by the Administrative Agent in connection therewith and interest thereon (at a rate of interest reasonably determined by the Administrative Agent) for each day from the date such amount is remitted by the Administrative Agent to the Lenders, Lenders and the exact amount of the repayment required to be made by each of the Lenders pursuant hereto is to be as set forth in a certificate delivered by the Administrative Agent to each Lender, which certificate shall be prima facie evidence of each such required repayment for all purposes absent manifest error.