Payment to the Lenders. Sections of this Agreement which provide for payment or repayment in a National Currency Unit shall be construed so that, in relation to the payment of any amount of Euro Units or National Currency Units, such amount shall be made available to the Lenders (including the Issuing Bank), in immediately available, freely transferable, cleared funds to such account with each bank (in such principal financial center) as each Lender may from time to time nominate for this purpose in accordance with this Agreement.
Payment to the Lenders. Each Lender's Pro Rata Part of payment or prepayment of the Loans shall be directed by wire transfer to such Lender by the Agent at the address provided to the Agent for such Lender for payments no later than 2:00 p.m., Lafayette, Louisiana, time on the Business Day such payments or prepayments are deemed hereunder to have been received by Agent; provided, however, in the event that any Lender shall have failed to make a Revolving Loan as contemplated under Article II hereof (a "Defaulting Bank") and the Agent or another Lender or Lenders shall have made such Revolving Loan, payment received by Agent for the account of such Defaulting Bank(s) shall not be distributed to such Defaulting Bank(s) until such Revolving Loan or Revolving Loans shall have been repaid in full to the Lender or Lenders who funded such Revolving Loan or Revolving Loans. For the sole purpose of calculating interest, any payment or prepayment received by the Agent at any time after 12:00 noon, Lafayette, Louisiana, time on a Business Day shall be deemed to have been received on the next Business Day. Interest shall cease to accrue on any principal as of the end of the day preceding the Business Day on which any such payment or prepayment is deemed hereunder to have been received by the Agent. If the Agent fails to transfer any principal amount to any Lender as provided above, then the Agent shall promptly direct such principal amount by wire transfer to such Lender.
Payment to the Lenders. Each Lender's Pro Rata Part of payment or prepayment of the Loans shall be directed by wire transfer to such Lender by the Administrative Agent at the address provided to the Administrative Agent for such Lender for payments no later than 2:00 p.m., Lafayette, Louisiana, time on the Business Day such payments or prepayments are deemed hereunder to have been received by Administrative Agent; provided, however, in the event that any Lender shall have failed to make an Advance as contemplated under Article II hereof (a "Defaulting Bank") and the Administrative Agent or another Lender or Lenders shall have made such Advance, payment received by Administrative Agent for the account of such Defaulting Bank(s) shall not be distributed to such Defaulting Bank(s) until such Advance or Advances shall have been repaid in full to the Lender or Lenders who funded such Advance or Advances. Any payment or prepayment received by the Administrative Agent at any time after 12:00 noon, Lafayette, Louisiana, time on a Business Day shall be deemed to have been received on the next Business Day. Interest shall cease to accrue on any principal as of the end of the day preceding the Business Day on which any such payment or prepayment is deemed hereunder to have been received by the Administrative Agent. If the Administrative Agent fails to transfer any principal amount to any Lender as provided above, then the Administrative Agent shall promptly direct such principal amount by wire transfer to such Lender.
Payment to the Lenders. All sums payable to the Lenders hereunder shall be paid to directly to the Lenders in immediately available funds, in lawful money of the United States of America. Each Lender shall send the Borrower and each other Lender statements for all amounts due hereunder, which statements shall be considered correct and conclusively binding on Borrower, unless Borrower notifies all the Lenders to the contrary within fifteen (15) days of its receipt of any statement which it deems to be incorrect. Alternatively, at their sole discretion, each of the Lenders may charge against any deposit account of Borrower, all or any part of any amounts due hereunder.
Payment to the Lenders. All sums payable to the Lenders hereunder shall be paid to Agent for the account of the Lenders in immediately available funds, in lawful money of the United States of America. Agent shall send the Borrower statements for all amounts due hereunder, which statements shall be considered correct and conclusively binding on Borrower, unless Borrower notifies Agent to the contrary within fifteen (15) calendar days of its receipt of any statement which it deems to be incorrect. Alternatively, at their sole discretion, each of the Lenders may charge against any deposit account of Borrower, all or any part of any amounts due hereunder.
