Sums deemed due to a Lender. For the purposes of this Section 26, a sum payable by the Borrowers to the Administrative Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section 26Clause 25, a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section 26Clause 22 (Set-Off), a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (Prestige Cruises International, Inc.)
Sums deemed due to a Lender. For the purposes of this Section Clause 26, a sum payable by any of the Borrowers or the Guarantor to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section Clause 26, a sum payable by the Borrowers Borrower to the Administrative Paying Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section 26Clause 25 (Set-Off), a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section Clause 26, a sum payable by any Borrower or the Borrowers Guarantor to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section 26Clause 22 (Set-Off), a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Sums deemed due to a Lender. For the purposes of this Section 26Clause 25 (Set-off), a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
Sums deemed due to a Lender. For the purposes of this Section 26Clause 25.3, a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
Sums deemed due to a Lender. 25.3Sums deemed due to a Lender. For the purposes of this Section 26Clause 25, a sum payable by the Borrowers Borrower to the Administrative Agent or the Security Agent Trustee for distribution to, or for the account of, a Lender shall be treated as a sum due to that Lender; and each Lender’s 's proportion of a sum so payable for distribution to, or for the account of, the Lenders shall be treated as a sum due to such Lender.
Appears in 1 contract