Common use of Settlement Date Procedures Clause in Contracts

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof. On any Business Day, the Agent may notify each Bank of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "Required Share"). Prior to 2:30 p.m. (Pittsburgh time) on the date of such notice, each Bank shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 shall relieve the Banks of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.9. The Agent may at any time at its option for any reason whatsoever require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Borrower Co-Borrowers may borrow, repay and reborrow Swing Loans Loans, and PNC Bank may make Swing Loans Loans, as provided in Section 2.2.1 hereof2.1(b) during the period between Settlement Dates. On any Business DayNot later than noon, Cincinnati time, on each Settlement Date, the Agent may shall notify each Bank of its Ratable Share of the total of Loans (including both the Swing Loans made by the Agent and the Revolving Credit Loans and made by the Swing Loans (each a "Required Share"Banks). Prior to 2:30 p.m. (Pittsburgh 3:00 p.m., Cincinnati time) , on the date of such noticeSettlement Date, each Bank shall pay to the Agent the amount equal to the difference positive difference, if any, between its Required Ratable Share of the Revolving Credit Loans and Swing Loans and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Borrower Co-Borrowers to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, Loans and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.6 shall relieve the Banks of their obligations obligation to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.7. The Agent may at any time at its option option, for any reason whatsoever whatsoever, require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and Swing Loans (provided the principal amount of such Bank's Revolving Credit Loans shall not exceed its Revolving Credit Commitment), and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower Co-Borrowers to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the The Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 2.1.2 [Swing Loan Commitment] hereof. On any Business Day, the Agent may notify each Bank of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "Required Share"). Prior to 2:30 p.m. (Pittsburgh p.m., Eastern time) , on the date following the date of such notice, each Bank shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on any date where when payments of principal of any Loan is required to be paid by any Loan Party hereunder, hereunder 43 and may at its option (option, and in consultation with the Borrower) , effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 4.8 shall relieve the Banks of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.8 [Borrowings to Repay Swing Loans]. The Agent may at any time at its option for any reason whatsoever require each Bank to pay immediately to the Agent such Bank's Ratable Share of the outstanding Revolving Credit Loans and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof2.1.2 [Swing Loans] hereof during the period between Settlement Dates. On any Business Day, the The Administrative Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "Required Share"). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on any mandatory prepayment date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, as provided for herein and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 4.11 [Settlement Date Procedures] shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1.1 [Revolving Credit Loans; Optional Currency Loans]. The Administrative Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Administrative Agent such BankLender's Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the any Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof2.1.2 hereof during the period between Settlement Dates. On any Business DayNot later than 11:00 a.m., Eastern time, on each Settlement Date, the Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "Required Share"). Prior to 2:30 p.m. (Pittsburgh 2:00 p.m., Eastern time) , on the date of such noticeSettlement Date, each Bank Lender shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the such Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, Mandatory Prepayment Dates and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 4.10 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1.2. The Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Agent such BankLender's Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower Borrowers to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Borrower may borrow, repay and reborrow Swing Swingline Loans and PNC Bank the Swingline Loan Lender may make Swing Swingline Loans as provided in Section 2.2.1 hereof2.1(b) [Swingline Loan Commitments] hereof during the period between Settlement Dates. On any Business Day, the The Administrative Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Swingline Loans (each each, a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, Loans and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.11 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1(b) [Swingline Loan Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 [Revolving Credit Loans] hereof. On any Business Day, the Agent may notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of such notice, each Bank Lender shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.10 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to this Section 2.92.10. The Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the US Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof2.1.2 [Swing Loans] hereof during the period between Settlement Dates. On any Business Day, the The Administrative Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the US Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on any mandatory prepayment date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, as provided for herein and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 4.11 [Settlement Date Procedures] shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1.1 [Revolving Credit Loans; Optional Currency Loans]. The Administrative Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's ▇▇▇▇▇▇’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower Borrowers to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks and the Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof2.5.2 hereof during the period between Settlement Dates. On any Business Day, the The Agent may shall notify each Bank of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on the dates in which any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, optional or mandatory prepayments are made hereunder and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.7 shall relieve the Banks of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.5.2. The Agent may at any time at its option for any reason whatsoever require each Bank to pay immediately to the Agent such Bank's ’s Ratable Share of the outstanding Revolving Credit Loans and each Bank may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 hereof2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates. On any Business Day, the The Administrative Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, Loans and on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, dates on which mandatory prepayments are due under Section 5.6.4 [Mandatory Prepayments] and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.10 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Agent, the Borrower may borrow, repay and reborrow Swing Loans and PNC Bank may make Swing Loans as provided in Section 2.2.1 2.1.1 [Revolving Credit Loans] hereof. On any Business Day, the Agent may notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of such notice, each Bank Lender shall pay to the Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans. The Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 4.10 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.9Date. The Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Agent such Bank's Lender’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Agent to pay immediately to such Bank its Ratable Share of all payments made by the Borrower to the Agent with respect to the Revolving Credit Loans.

Settlement Date Procedures. In order to minimize the transfer of funds between the Banks Lenders and the Administrative Agent, the Borrower may borrow, repay and reborrow Swing Swingline Loans and PNC Bank the Swingline Loan Lender may make Swing Swingline Loans as provided in Section 2.2.1 hereof2.1(b) [Swingline Loan Commitments] hereof during the period between Settlement Dates. On any Business Day, the The Administrative Agent may shall notify each Bank Lender of its Ratable Share of the total of the Revolving Credit Loans and the Swing Swingline Loans (each each, a "“Required Share"”). Prior to 2:30 p.m. (Pittsburgh time) on the date of On such noticeSettlement Date, each Bank Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans, on any date where payments of principal of any Loan is required to be paid by any Loan Party hereunder, Loans and may at its option (and in consultation with the Borrower) effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.9 5.11 shall relieve the Banks Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.92.1(b) [Swingline Loan Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever require each Bank Lender to pay immediately to the Administrative Agent such Bank's ▇▇▇▇▇▇’s Ratable Share of the outstanding Revolving Credit Loans and each Bank Lender may at any time require the Administrative Agent to pay immediately to such Bank Lender its Ratable Share of all payments made by the Borrower to the Administrative Agent with respect to the Revolving Credit Loans.