Payments to Participants. Administrative Agent-Servicer shall facilitate payments from the Borrower to each Participant. Administrative Agent-Servicer will promptly pay to the Participant an amount equal to the Participant's share of each amount received and applied by the Administrative Agent-Servicer in payment of principal of, or interest on, each Loan, such share to be (i) in the case of principal, the related Participation Percentage thereof, (ii) in the case of interest, the Participation Percentage of the interest on the unpaid principal amount of the Loan, computed at the related Participation Rate for the period for which such interest was paid (or, if the related Loan Participation has been outstanding for a shorter period, for such shorter period); provided that, if the amount of interest so received and applied is less than the interest on such unpaid principal amount computed at the stated Participation Rate therefor for the period for which such interest was paid, then the amount payable under this clause (ii) shall be reduced proportionately
Payments to Participants. A Participant shall not be entitled to receive any greater payment under Sections 6.3, 6.8, 6.9 and 6.12 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant.
Payments to Participants. A Participant shall not be entitled to receive any greater payment under §§3.3 and 3.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant.
Payments to Participants. 4.1 Not later than 120 days after the occurrence of a Funding Event and again not later than 10 days following the occurrence of a Change of Control, Nordson shall deliver to the Trustee a schedule (the "Payment Schedule") that lists the names and addresses of all Participants and indicates the amounts payable and to become payable to each Participant and/or provides a formula or other instructions acceptable to the Trustee for determining the amounts so payable and that indicates the form in which such amounts are to be paid, as provided for or available under each Covered Plan, and the time of commencement for payment of such amounts. At the same time as Nordson delivers the Payment Schedule to the Trustee, Nordson shall deliver to each Participant that portion of the Payment Schedule that pertains to amounts that may become payable to that particular Participant. After the occurrence of a Change of Control, Nordson shall update the Payment Schedule, provide revised versions thereof to the Trustee, and provide the relevant portions thereof to each Participant from time to time and at such times so that each termination of the employment of any Participant (or the occurrence of any other fact or circumstance that alters the payments due or to become due to any Participant under any of the Covered Plans) is taken into account in a current revised Payment Schedule that has been appropriately delivered to the Trustee and to each Participant (to the extent relevant to each such Participant) not later than ten days after its occurrence. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with the Payment Schedule as it may be revised from time to time. The Trustee shall make provision for the reporting and withholding of any federal, state, or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of each Covered Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by Nordson.
Payments to Participants. A Participant shall not be entitled to receive any greater payment under Sections 4.1.2, 4.3 and 4.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 4.1.2 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 4.1.3 as though it were a Lender.
Payments to Participants. (a) Employer shall deliver to the Trustee a schedule (the "Payment Schedule") that indicates the amounts payable in respect of each Participant, that provides a formula or other instructions acceptable to the Trustee for determining the amount so payable, the form in which such amount is to be paid (as provided for or available under the Plan(s)), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the Participants in accordance with such Payment Schedule. As directed by Employer, the Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Plan(s) and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by Employer.
Payments to Participants and Their Beneficiaries ------------------------------------------------
Payments to Participants. Servicer shall pay to each Participant within three business days after the date of this Agreement the Participant’s Participant Share of the interest on the Loan for the month in which the Closing occurred, calculated from the Closing Date through the last day of that month.
Payments to Participants. (a) The Company shall be solely responsible for keeping and providing to the Recordkeeper, accurate books and records with respect to the employees of the Company, their compensation and their beneficiaries' rights and interests in the Trust pursuant to the Plan(s). As soon as practicable after the establishment of this Trust and the addition of any nonqualified deferred compensation plan to Appendix A, or the amendment of any Plan, the Company shall provide the Recordkeeper with certified copies of such Plans and/or amendments, and all related documents. The Trustee shall not be required to maintain any separate records or accounts with respect to any Participant, and any records or accounts required to be maintained pursuant to the terms of any Plan shall be the responsibility of the Company or Recordkeeper.
Payments to Participants. The parties to this Agreement hereby agree that any payment (except Excluded Amounts) required to be made to the Participants pursuant to any Operative Document may be made directly to Administrative Agent on behalf of the Participants by Lessee in lieu of the corresponding payment required to be made by Lessee to Lessor pursuant to any Operative Document. Such payment by Lessee to Administrative Agent shall be deemed to constitute (a) the required payment from Lessee to Lessor and (b) the corresponding payments by Lessor to the Lenders. Lenders hereby agree that all payments under the Lease shall be distributed in accordance with Article III of the Loan Agreement.
