Common use of Settlement Date Procedures Clause in Contracts

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Co-Borrowers may borrow, repay and reborrow Swing Loans, and PNC may make Swing Loans, as provided in Section 2.1(b) during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the Agent shall notify each Bank of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and the Revolving Credit Loans made by the Banks). Prior to 3:00 p.m., Cincinnati time, on such Settlement Date, each Bank shall pay to the Agent the amount equal to the positive difference, if any, between its Ratable Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Co-Borrowers to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 shall relieve the Banks of their obligation to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.7. The Agent may at any time at its option, for any reason whatsoever, require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Co-Borrowers Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the The Administrative Agent shall notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a “Required Share”). Prior to 3:00 p.m., Cincinnati time, on On such Settlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.12 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Co-Borrowers The Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) during the period between Settlement Dates2.1.2 [Swing Loan Commitment] hereof. Not later than noon, Cincinnati time, on each Settlement DateOn any Business Day, the Agent shall may notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 2:30 p.m., Cincinnati Eastern time, on the date following the date of such Settlement Datenotice, each Bank Lender shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on any date when payments of principal of any Loan is required to be paid by any Loan Party hereunder and may at its option option, and in consultation with the Borrower, effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 4.8 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.8 [Borrowings to Repay Swing Loans]. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Agent such BankLender's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Co-Borrowers Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) during the period between Settlement Dates2.2.1 hereof. Not later than noon, Cincinnati time, on each Settlement DateOn any Business Day, the Agent shall may notify each Bank of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 p.m., Cincinnati 2:30 p.m. (Pittsburgh time, ) on the date of such Settlement Datenotice, each Bank shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.9 shall relieve the Banks of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.9. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the Co-Borrowers Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) during the period between Settlement Dates2.2.1 [Revolving Credit Loans] hereof. Not later than noon, Cincinnati time, on each Settlement DateOn any Business Day, the Agent shall may notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a “Required Share”). Prior to 3:00 p.m., Cincinnati 2:30 p.m. (Pittsburgh time, ) on the date of such Settlement Datenotice, each Bank Lender shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.10 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.7Date. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Co-Borrowers The Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) during the period between Settlement Dates2.1.2 [Swing Loan Commitment] hereof. Not later than noon, Cincinnati time, on each Settlement DateOn any Business Day, the Agent shall may notify each Bank of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 2:30 p.m., Cincinnati Eastern time, on the date following the date of such Settlement Datenotice, each Bank shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on any date when payments of principal of any Loan is required to be paid by any Loan Party hereunder 43 and may at its option option, and in consultation with the Borrower, effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 4.8 shall relieve the Banks of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.8 [Borrowings to Repay Swing Loans]. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Co-Borrowers Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 hereof during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the The Administrative Agent shall notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a “Required Share”). Prior to 3:00 p.m., Cincinnati time, on On such Settlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 4.10 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2 . The Administrative Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Co-Borrowers Borrower may borrow, repay and reborrow re-borrow Swing Loans, Loans and PNC the Swing Loan Lender may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the The Administrative Agent shall notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a “Required Share”). Prior to 3:00 p.m., Cincinnati time, on On such Settlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on any mandatory prepayment date as provided for herein and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.11 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the Co-Borrowers any Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 hereof during the period between Settlement Dates. Not later than noon11:00 a.m., Cincinnati Eastern time, on each Settlement Date, the Agent shall notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 2:00 p.m., Cincinnati Eastern time, on such Settlement Date, each Bank Lender shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers such Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on Mandatory Prepayment Dates and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 4.10 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Agent such BankLender's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Co-Borrowers to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the Co-Borrowers Borrower may borrow, repay and reborrow Swing Loans, Loans and PNC Bank may make Swing Loans, Loans as provided in Section 2.1(b) during the period between Settlement Dates2.2.1 [Revolving Credit Loans] hereof. Not later than noon, Cincinnati time, on each Settlement DateOn any Business Day, the Agent shall may notify each Bank Lender of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a “Required Share”). Prior to 3:00 p.m., Cincinnati 2:30 p.m. (Pittsburgh time, ) on the date of such Settlement Datenotice, each Bank Lender shall pay to the Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 4.10 shall relieve the Banks Lenders of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.7Date. The Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank Lender to pay immediately to the Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank Lender may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Administrative Agent, the Co-Borrowers may borrow, repay and reborrow Swing Loans, Loans and PNC the Swing Loan Bank may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the The Administrative Agent shall notify each Bank of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 p.m., Cincinnati time, on On such Settlement Date, each Bank shall pay to the Administrative Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank (that is not a Defaulting Bank) its Ratable Share of all payments made by the Co-Borrowers to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on any mandatory prepayment date as provided for herein and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.11 shall relieve the Banks of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank to pay immediately to the Administrative Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Administrative Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers to the Administrative Agent with respect to the Revolving Credit Loans.. 5.12

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Administrative Agent, the Co-Borrowers may borrow, repay and reborrow Swing Loans, Loans and PNC the Swing Loan Bank may make Swing Loans, Loans as provided in Section 2.1(b) 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. Not later than noon, Cincinnati time, on each Settlement Date, the The Administrative Agent shall notify each Bank of its Ratable Share of the Loans (including both the Swing Loans made by the Agent and total of the Revolving Credit Loans made by and the BanksSwing Loans (each a "Required Share"). Prior to 3:00 p.m., Cincinnati time, on On such Settlement Date, each Bank shall pay to the 219962390 Administrative Agent the amount equal to the positive difference, if any, difference between its Ratable Required Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank (that is not a Defaulting Bank) its Ratable Share of all payments made by the Co-Borrowers to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and on any mandatory prepayment date as provided for herein and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.6 5.11 shall relieve the Banks of their obligation obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.72.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option, option for any reason whatsoever, whatsoever require each Bank to pay immediately to the Administrative Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Administrative Agent to pay immediately to such Bank its Ratable Share of all payments made by the Co-Borrowers to the Administrative Agent with respect to the Revolving Credit Loans.