Settlement Among Lenders. (a) It is agreed that each Lender's Net Outstandings are intended by the Lenders to be equal at all times to such Lender's Revolving Credit Proportionate Share of the unpaid principal balance of the Revolving Loan. (b) To the extent and in the manner provided in this Section 2.4.8, settlement among the Lenders as to the Revolving Loan shall occur on each Business Day (each a "Settlement Date"). On each Settlement Date payments shall be made by or to the Agent and the other Lenders in the manner provided in this Section 2.4.8 in accordance with the Settlement Report delivered by the Agent to the Lenders pursuant to the provisions of this Section 2.4.8 with respect to such Settlement Date so that as of each Settlement Date, and after giving effect to the transactions to take place on such Settlement Date, each Lender's Net Outstandings shall equal such Lender's Revolving Credit Proportionate Share of all advances under the Revolving Loan then outstanding. (c) The Agent shall deliver to each Lender a Settlement Report not later than 3:00 p.m. (Baltimore Time) on each Settlement Date, which Settlement Report will be in the form of EXHIBIT C attached hereto and made a part hereof and shall cover the period beginning on the next preceding Settlement Date and ending on such designated Settlement Date.
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