Payment Assumed Sample Clauses
POPULAR SAMPLE Copied 3 times
Payment Assumed. Unless Administrative Agent has received notice from Borrower prior to the date on which any payment is due under this Agreement that Borrower will not make that payment in full, Administrative Agent may assume that Borrower has made the full payment due and Administrative Agent may, in reliance upon that assumption, cause to be distributed to the appropriate Lender on that date the amount then due to such Lenders. If and to the extent Borrower does not make the full payment due to Administrative Agent, each Lender shall repay to Administrative Agent on demand the amount distributed to that Lender by Administrative Agent together with interest for each day from the date that Lender received payment from Administrative Agent until the date that Lender repays Administrative Agent (unless such repayment is made on the same day as such distribution), at an annual interest rate equal to the Federal Funds Rate.
Payment Assumed. Unless Agent has received notice from Borrower prior to the date on which any payment is due under this agreement that Borrower will not make that payment in full, Agent may assume that Borrower has made the full payment due and Agent may, in reliance upon that assumption, cause to be distributed to each Lender on that date the amount then due to each Lender. If and to the extent Borrower does not make the full payment due to Agent, each Lender shall repay to Agent on demand the amount distributed to that Lender by Agent together with interest for each day from the date that Lender received payment from Agent until the date that Lender repays Agent (unless such repayment is made on the same day as such distribution), at an interest rate equal to the Federal-Funds Rate.
Payment Assumed. Unless Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) has received notice from Borrower prior to the date on which any payment is due under this agreement that Borrower will not make that payment in full, Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) may assume that Borrower has made the full payment due and Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) may, in reliance upon that assumption, cause to be distributed to each Lender (or a Lending Installation of that Lender designated in writing to Administrative Agent or the Eurocurrency Lending Installation, as appropriate) on that date the amount then due to each Lender. If and to the extent Borrower does not make the full payment due to Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings), each Lender shall repay to Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) on demand the amount distributed to that Lender by Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) together with interest for each day from the date that Lender received payment from Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) until the date that Lender repays Administrative Agent (or, alternatively, the Eurocurrency Lending Installation in the case of Eurocurrency Borrowings) (unless
Payment Assumed. Unless Administrative Agent has received notice from Borrower prior to the date on which any payment is due under this Agreement that Borrower will TERM LOAN AND SECURITY AGREEMENT not make that payment in full, Administrative Agent may assume that Borrower has made the full payment due and Administrative Agent may, in reliance upon that assumption, cause to be distributed to the appropriate Lender on that date the amount then due to such Lenders. If and to the extent Borrower does not make the full payment due to Administrative Agent, each Lender shall repay to Administrative Agent on demand the amount distributed to that Lender by Administrative Agent together with interest for each day from the date that Lender received payment from Administrative Agent until the date that Lender repays Administrative Agent (unless such repayment is made on the same day as such distribution), at an annual interest rate equal to the Federal Funds Rate.
Payment Assumed. Unless Administrative Agent has received notice from Borrower prior to the date on which any payment is due under this agreement, that Borrower will not make that payment in full, Administrative Agent may assume that Borrower has made the full payment due and Administrative Agent may, in reliance upon that assumption, cause to be distributed to each Lender on that date the amount then due to each Lender. If and to the extent Borrower does not make the full payment due to Administrative Agent, each Lender shall repay Administrative Agent on demand the
Payment Assumed. Unless Administrative Agent has received notice --------------- from a Borrower before the date on which any payment or prepayment is due under this agreement that Credit Agreement ---------------- US Borrower will not make that payment or prepayment in full, then Administrative Agent may assume that US Borrower to have made the full payment or prepayment due and may (in reliance upon that assumption and without any obligation to) cause to be distributed to each relevant Lender on that date the amount then due to each relevant Lender in respect of that payment or prepayment. If and to the extent US Borrower does not make the full payment or prepayment due to Administrative Agent, each relevant Lender receiving any portion of it shall repay to Administrative Agent on demand the amount distributed to that Lender by Administrative Agent together with interest for each day from the date that Lender received payment from Administrative Agent until the date that Lender repays Administrative Agent (unless such repayment is made on the same day as such distribution), at an interest rate equal to the Fed-Funds Rate.
Payment Assumed. Unless Administrative Agent has received --------------- notice from Borrower prior to the date on which any payment is due under this Agreement that Borrower will not make that payment in full, Administrative Agent may assume that Borrower has made the full payment due and Administrative Agent may, in reliance upon that assumption, cause to be distributed to the appropriate Lender on that date the amount then due to such Lenders. If and to the extent Borrower does not make the full payment due to Administrative Agent, each Lender shall repay to Administrative Agent on demand the amount distributed to that Lender by Administrative Agent together with interest for each day from the date that Lender received payment from Administrative Agent until the date that Lender repays Administrative Agent (unless such repayment is made on the same day as such distribution), at an annual interest rate equal to the Federal Funds Rate. A notice of Administrative Agent to any Lender with respect to any amount owing under this clause (d) shall be conclusive absent manifest error.
Payment Assumed. 28 (d) Currency of Payment...............................29 3.2
Payment Assumed. Unless Administrative Agent has received notice from Borrowers prior to the date on which any payment is due under this Agreement that Borrowers will not make that payment in full, Administrative Agent may assume that Borrowers have made the full payment due and Administrative Agent may, in reliance upon that assumption, cause to be distributed to the appropriate Lender or LC Issuer (as applicable) on that date the amount then due to such Lenders or LC Issuer (as applicable). If and to the extent Borrowers do not make the full payment due to Administrative Agent, each Lender or LC Issuer (as applicable) shall repay to Administrative Agent on demand the amount distributed to that Lender or LC Issuer (as applicable) by Administrative Agent together with interest for each day from the date that Lender or LC Issuer (as applicable) received payment from Administrative Agent until the date that Lender or LC Issuer (as applicable) repays Administrative Agent (unless such repayment is made on the same day as such distribution), at an annual interest rate equal to the Federal Funds Rate.