Common use of SUMMARY STATEMENTS; SETTLEMENTS Clause in Contracts

SUMMARY STATEMENTS; SETTLEMENTS. (i) The Administrative Agent shall deliver to each of the Banks promptly after the Settlement Date a summary statement of the amount of outstanding Loans (including Agent Advances) for the period and the amount of repayments received for the period. As reflected on the summary statement: (i) the Administrative Agent shall transfer to each Bank its allocated share of interest, Commitment Fees, Standby L/C Risk Participation Fees and Commercial L/C Risk Participation Fees, and its Pro Rata Share of repayments; and (ii) each Bank shall transfer to the Administrative Agent (as provided below), or the Administrative Agent shall promptly transfer to each Bank, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Loans made by each Bank shall be equal to such Bank's Pro Rata Share of the aggregate amount of Loans outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent by the Banks and is received prior to 12:00 Noon, New York City time, on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 P.M., New York City time, that day; and, if received after 12:00 Noon, New York City time, then no later than 3:00 P.M., New York City time on the next Business Day. The obligation of each Bank to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. Each of the Administrative Agent and the Banks agree to xxxx their respective books and records on each Settlement Date to show at all times the Dollar amount of their respective Pro Rata Shares of the outstanding Loans.

SUMMARY STATEMENTS; SETTLEMENTS. (i) The Administrative Agent shall deliver to each of the Tranche 2 Banks promptly after the Settlement Date a summary statement of the amount of outstanding Loans (including Agent Advances) for the period and the amount of repayments received for the period. As reflected on the summary statement: (i) the Administrative Agent shall transfer to each Tranche 2 Bank its allocated share of interest, Commitment Feescommitment fees, Standby L/C Risk Participation Fees Letter of Credit fees and Commercial L/C Risk Participation FeesLetter of Credit fees, and its Pro Rata Share of repayments; and (ii) each Tranche 2 Bank shall transfer to the Administrative Agent (as provided below), or the Administrative Agent shall promptly transfer to each Tranche 2 Bank, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Loans made by each Tranche 2 Bank shall be equal to such Tranche 2 Bank's Pro Rata Share of the aggregate amount of Loans outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent by the Tranche 2 Banks and is received prior to 12:00 Noon, New York City time, on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 P.M., p.m. (New York City time), that day; and, if received after 12:00 Noon, New York City time, then no later than 3:00 P.M., p.m. (New York City time time), on the next Business Day. The obligation of each Tranche 2 Bank to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. Each of the Administrative Agent and the Tranche 2 Banks agree to xxxx their respective books and records on each Settlement Date to show at all times the Dollar amount of their respective Pro Rata Shares of the outstanding Loans.

SUMMARY STATEMENTS; SETTLEMENTS. (i) The Administrative Agent shall deliver to each of the Banks Lenders promptly after the Settlement Date a summary statement of the amount of outstanding Revolving Loans (including and Agent Advances) Advances for the period and Settlement Period, the amount of repayments received for the periodSettlement Period, and the amount allocated to each Lender of the interest and Unused Line Fee for the Settlement Period. As After application of payments as reflected on the summary statement: (iA) the Administrative Agent shall transfer to each Bank Lender its allocated share of interest, Commitment Fees, Standby L/C Risk Participation Fees interest and Commercial L/C Risk Participation FeesUnused Line Fee, and its Pro Rata Proportionate Share of repayments; repayments and (iiB) each Bank Lender shall transfer to the Administrative Agent (as provided below)Agent, or the Administrative Agent shall promptly transfer to each BankLender, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Revolving Loans made by each Bank Lender shall be equal to such BankLender's Pro Rata Proportionate Share of the aggregate amount of Revolving Loans outstanding as of such Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent by the Banks Lenders and is received by the Lenders prior to 12:00 Noon, Noon New York City time, time on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 P.M., P.M. New York City time, time that day; and, if received by the Lenders after 12:00 Noon, Noon New York City time, then no later than 3:00 P.M., New York City time on the next Business Day. The obligation of each Bank to transfer such funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. Each of the Administrative Agent and the Banks agree to xxxx their respective books and records on each Settlement Date to show at all times the Dollar amount of their respective Pro Rata Shares of the outstanding Loans.