Distribution and Apportionment of Payments. (a) Subject to Section 11.04(b), payments actually received by Agent for the account of Lenders shall be paid to them promptly after receipt thereof by Agent, but in any event prior to 3:00 P.M. (California time) on the day of receipt (if received by 11:00 A.M. (California time) on such day), or within one (1) Business Day thereafter (if received after 11:00 A.M. (California time) on the day of receipt), provided that Agent shall pay to such Lenders interest thereon at the Federal Funds Rate from the Business Day on which such funds are required to be paid to Lenders by Agent until such funds are actually paid in immediately available funds to such Lenders. All payments of principal and interest in respect of outstanding Loans (other than Swingline Loans), all payments of the fees described in this Agreement (other than agency and arrangement fees described in Section 2.04(c)), and all payments in respect of any other Obligations shall be allocated among such of Lenders as are entitled thereto, in proportion to their respective Pro Rata Shares or otherwise as provided herein. Agent shall promptly, but in any event within two (2) Business Days (with interest thereon, if required pursuant to this Section 11.04(a)), distribute to each Lender at its primary address set forth on the appropriate counterpart signature page hereof or on the Assignment and Assumption, or at such other address as a Lender may request in writing, such funds as it may be entitled to receive, provided that Agent shall in any event not be bound to inquire into or determine the validity, scope or priority of any interest or entitlement of any Lender and may suspend all payments and seek appropriate relief (including without limitation instructions from Requisite Lenders, or all Lenders, as applicable, or an action in the nature of interpleader) in the event of any doubt or dispute as to any apportionment or distribution contemplated hereby. The order of priority herein is set forth solely to determine the rights and priorities of Lenders as among themselves and may at any time or from time to time be changed by Lenders as they may elect, in writing in accordance with Section 12.05, without necessity of notice to or consent of or approval by Borrower or any other Person.
Distribution and Apportionment of Payments. 67 10.05 Rights, Exculpation, Etc...............................................................................68 10.06 Reliance...............................................................................................69 10.07 Indemnification........................................................................................69 10.08
Distribution and Apportionment of Payments. 61 11.5 RIGHTS, EXCULPATION, ETC...................................61 11.6 RELIANCE...................................................62 11.7 INDEMNIFICATION............................................62 11.8
Distribution and Apportionment of Payments. 85 10.5 Rights, Exculpation, Etc. . . . . . . . . . . . . . . . . . . . . .87 10.6 Reliance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .87 10.7 Indemnification . . . . . . . . . . . . . . . . . . . . . . . . . .87 10.8
Distribution and Apportionment of Payments a. Subject to Section 9.04(b), payments actually received by Agent Bank for the account of Lenders
Distribution and Apportionment of Payments. (A) Subject to Section 10.5(B), payments actually received by Agent for the account of the Lenders shall be paid to them promptly after receipt thereof by Agent, but in any event within one (1) Business Day, provided that, if any such payments are not distributed to the Lenders within one (1) Business Day after Agent’s receipt thereof, Agent shall pay to such Lenders interest thereon, at the lesser of (i) the Federal Funds Effective Rate and (ii) if the applicable payment represents repayment of a portion of the principal of the Loan, the rate of interest applicable to such portion of the Loan, from the date of receipt of such funds by Agent until such funds are paid in immediately available funds to such Lenders, provided such funds are received by Agent not later than 11:00 A.M. (New York time) on the date of receipt. As used herein, “
Distribution and Apportionment of Payments. 132 - 133
Distribution and Apportionment of Payments. 95 11.12 Consent and Approvals............................................ 97 11.13
Distribution and Apportionment of Payments. Section 9.06 Servicing Fee Section 9.07 Defaulting Lenders
Distribution and Apportionment of Payments. For purposes of this Agreement, "
