Direct Payment to a Lender Sample Clauses

Direct Payment to a Lender. Subject to the other provisions of this Agreement permitting direct payment to Lenders, if a Lender receives, otherwise than through the Agent, a payment on account of the Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.
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Direct Payment to a Lender. Except, as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Facilities (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.
Sample 1Sample 2See All (5)
Direct Payment to a Lender. If a Lender receives otherwise than through the Agent a payment which must be applied to the indebtedness of the Borrowers hereunder (including any payment received through the exercise of a right of set-off or the realization of the Security), such Lender shall remit to the Agent the payment so received, in order that such payment be applied by the Agent to the indebtedness of the Borrowers hereunder in accordance with the provisions of this Agreement.
Sample 1
Direct Payment to a Lender. If a Lender receives, otherwise than through the Administrative Agent, a payment or property from the Borrower in respect of the Borrower's Obligations arising pursuant to this Agreement (including any payment received by a Lender through the exercise of a right of set off or the enforcement of the Security), such Lender will remit to the Administrative Agent the payment or property so received in order that such payment be applied by the Administrative Agent to the Obligations of the Borrower hereunder in accordance with the provisions of this Agreement.
Sample 1
Direct Payment to a Lender. If a Lender receives, otherwise than through the Agent, a payment on account of the Facility (including any payment received through the exercise of any right of set-off), such Lender will remit the payment to the Agent, for distribution among all Lenders.
Sample 1
Direct Payment to a Lender. Except as otherwise provided herein, if a Lender receives, otherwise than through the Agent, a payment on account of the Term Facility, such Lender will remit the payment to the Agent, for distribution among all Lenders under the Term Facility.
Sample 1

Related to Direct Payment to a Lender

  • Payment of Amounts The Death Benefit payable on the death of the Owner, or after the death of the first Owner, or upon the death of the spouse who continues the Contract, will be distributed to the designated Beneficiary(s) as follows:

  • Payments to Collection Account On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

  • Disbursements of Monies from Payment Account (a) Notwithstanding any other provision in this Agreement, but subject to the other subsections of this Section 9.01, on each Payment Date, the Collateral Agent shall disburse amounts transferred from the Collection Account to the Payment Account pursuant to Section 8.02 in accordance with the Payment Date Report and the following priorities (the “Priority of Payments”):

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following:

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Direct Rollover A direct rollover is a payment by the Plan to the eligible retirement plan specified by the distributee.

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