Settlements Payments and Information. (a) Advances and Payments; Interest and Fee Payments.
(i) The amount outstanding pursuant to Advances may fluctuate from day to day through Agent's disbursement of funds to, and receipt of funds from, Borrower. In order to minimize the frequency of transfers of funds between Agent and each Lender notwithstanding terms to the contrary set forth in Section 12.4, Advances and repayments may be settled according to the procedures described in Sections 12.5(a)(ii) and 12.5(a)(iii) of this Agreement. Payments of principal, interest and fees in respect of the Loans will be settled, in accordance with each Lender's Pro Rata Share on the first Business Day after such payments are received. Notwithstanding these procedures, each Lender's obligation to fund its Pro Rata Share of any advances made by Agent to Borrowers will commence on the date such advances are made by Agent. Such payments will be made by such Lender without set-off, counterclaim or reduction of any kind.
(ii) Once each week, or more frequently (including daily), if Agent so elects (each such day being a "SETTLEMENT DATE"), Agent will advise each Lender by 1 p.m. (Eastern Time) by telephone, telex, or telecopy of the amount of each such Lender's Pro Rata Share of the outstanding Advances. In the event payments are necessary to adjust the amount of such Lender's share of the Advances to such Lender's Pro Rata Share of the Advances, the party from which such payment is due will pay the other, in same day funds, by wire transfer to the other's account not later than 3:00 p.m. (Eastern Time) on the Business Day following the Settlement Date.
(iii) On the first Business Day of each month ("INTEREST SETTLEMENT DATE"), Agent will advise each Lender by telephone or facsimile of the amount of interest and fees charged to and collected from Borrowers for the proceeding month in respect of the Advances. Provided that such Lender has made all payments required to be made by it under this Agreement, Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on Schedule 2 of this Agreement as amended by such Lender from time to time after the date hereof pursuant to the notice provisions contained herein) not later than 3 p.m. (Eastern Time) on the next Business Day following the Interest Settlement Date such Lender's share of such interest and fees.
Settlements Payments and Information. (A) REVOLVING ADVANCES AND PAYMENTS; FEE PAYMENTS.
Settlements Payments and Information. (A) Revolving Advances and Payments; Fee Payments. ---------------------------------------------
Settlements Payments and Information. ADVANCES AND PAYMENTS;
Settlements Payments and Information. (A) Revolving Advances and Payments; Fee Payments.
Settlements Payments and Information. 55 (A) TENDER OFFER LOAN ADVANCES AND PAYMENTS; FEE PAYMENTS..............................................55 (B) AVAILABILITY OF LENDER'S PRO RATA SHARE...................55 (C) RETURN OF PAYMENTS........................................56 9.7
Settlements Payments and Information. (a) Principal and Interest Payments. Provided that such Lender has made all payments required to be made by it under this Agreement, payments of principal, interest and fees on the Loans will be settled on the date of receipt.
Settlements Payments and Information. (a) Payments; Interest and Fee Payments.
(i) Payments of principal on the Loan will be settled, in accordance with each Lender’s Pro Rata Share, on the first Business Day after such payments are received. All such payments will be made by such Lender without set-off, counterclaim or deduction of any kind.
(ii) On the first Business Day of each month (“Interest Settlement Date”), Agent will advise each Lender by telephone or facsimile of the amount of interest and fees charged to and collected from Borrower for the preceding month in respect of the Loan. Provided that such Lender has made all payments required to be made by it under this Agreement, Agent will pay to such Lender, by wire transfer to such Lender’s account (as specified by such Lender on Schedule A of this Agreement as amended by such Lender from time to time after the date hereof pursuant to the notice provisions contained herein or in the applicable Lender Addition Agreement) not later than 2:00 p.m. (New York City time) on the next Business Day following the Interest Settlement Date, such Lender’s share of such interest and fees.
Settlements Payments and Information. Advances and Payments; Interest and Fee Payments.
Settlements Payments and Information. 64 (A) Revolving Loan Advances and Payments; Fee Payments. . . . . . . . . . . . . . . . . . . . . 64 (B) Availability of Lender's Pro Rata Share . . . . . . 65 (C)
