Common use of Repayments by Lenders Clause in Contracts

Repayments by Lenders. Unless the Administration Agent shall have received notice from a Borrower prior to the date on which any payment is due to the Lender hereunder that such Borrower will not make such payment in full, the Administration Agent may assume that such Borrower has made such payment in full to the Administration Agent on such date and the Administration Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such date an amount equal to the amount then due such Lender. If and to the extent such Borrower shall not have so made such payment in full to the Administration Agent, each Lender shall repay to the Administration Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administration Agent, at a rate determined by the Administration Agent (such rate to be conclusive and binding on such Lender) in accordance with the Administration Agent’s usual banking practice for such advances to financial institutions of like standing to such Lender, but in any event at a rate no greater than the usual interbank rate for the sale of deposits in the applicable currency.

Repayments by Lenders. Unless the Administration Agent shall have received notice from a Borrower prior to the date on which any payment is due to the Lender hereunder that such Borrower will not make such payment in full, the Administration Agent may assume that such Borrower has made such payment in full to the Administration Agent on such date and the Administration Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such date an amount equal to the amount then due such Lender. If and to the extent such Borrower shall not have so made such payment in full to the Administration Agent, each Lender shall repay to the Administration Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administration Agent, at a rate determined by the Administration Agent (such rate to be conclusive and binding on such Lender) in accordance with the Administration Agent’s 's usual banking practice for such advances to financial institutions of like standing to such Lender, but in any event at a rate no greater than the usual interbank rate for the sale of deposits in the applicable currency.