Common use of Payment to Lenders Clause in Contracts

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 6 contracts

Samples: Credit Agreement (Old Dominion Freight Line Inc/Va), Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Old Dominion Freight Line Inc/Va)

AutoNDA by SimpleDocs

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section SECTION 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 5 contracts

Samples: Credit Agreement (Lason Inc), Credit Agreement (St Joe Co), Credit Agreement (Orthodontic Centers of America Inc /De/)

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 2 contracts

Samples: Credit Agreement (Old Dominion Freight Line Inc/Va), Credit Agreement (Old Dominion Freight Line Inc/Va)

Payment to Lenders. Whenever the any Issuing Lender Bank receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing LenderBank, any payments from the Lenders pursuant to Section 3.5, the such Issuing Lender Bank will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata ratable share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 2 contracts

Samples: Credit Agreement (WGL Holdings Inc), Credit Agreement (WGL Holdings Inc)

Payment to Lenders. Whenever the Issuing Lender receives a payment from or on behalf of the Borrower in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Movie Gallery Inc)

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5SECTION 3.6, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Concentra Managed Care Inc)

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section SECTION 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Matria Healthcare Inc)

Payment to Lenders. Whenever the any Issuing Lender Bank receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing LenderBank, any payments from the Lenders pursuant to Section 3.3 or 3.5, the such Issuing Lender will Bank shall promptly pay to the Administrative Agent, and the Administrative Agent will shall promptly pay to each Lender that has paid its pro rata share thereof, in immediately available fundsfunds in the appropriate Currency, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Crawford & Co)

Payment to Lenders. Whenever the an Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the such Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line, Inc.)

Payment to Lenders. Whenever the any Issuing Lender Bank receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing LenderBank, any payments from the Lenders pursuant to Section 3.5, the such Issuing Lender Bank will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata ratable share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.. 3.7

Appears in 1 contract

Samples: Credit Agreement (Washington Gas Light Co)

AutoNDA by SimpleDocs

Payment to Lenders. Whenever the Issuing Lender receives a payment in ------------------ respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Us Oncology Inc)

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Ackerley Group Inc)

Payment to Lenders. Whenever the any Issuing Lender Bank receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing LenderBank, any payments from the Lenders pursuant to Section 3.3 or 3.5, the such Issuing Lender will Bank shall promptly pay to the Administrative Agent, and the Administrative Agent will shall promptly pay to each Lender that has paid its pro rata share Applicable Percentage thereof, in immediately available fundsfunds in the appropriate Currency, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Crawford & Co)

Payment to Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.53.05, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Metaldyne Performance Group Inc.)

Payment to Lenders. Whenever the an Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the such Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the such Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such LenderXxxxxx’s ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line, Inc.)

Payment to Lenders. Whenever the Issuing Lender receives a payment ------------------ in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Lenders pursuant to Section 3.5, the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative Agent will promptly pay to each Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Lender’s 's ratable share (based on the proportionate amount funded by such Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation.

Appears in 1 contract

Samples: Credit Agreement (Ackerley Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.