Failure to Make Funds Available. The Administrative Agent may, unless notified to the contrary by any Settling Lender prior to a Settlement Date, assume that such Settling Lender has made or will make available to the Administrative Agent on such Settlement Date the amount of such Settling Lender’s Settlement Amount, and the Administrative Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount. If any Settling Lender makes available to the Administrative Agent such amount on a date after such Settlement Date, such Settling Lender shall pay to the Administrative Agent on demand an amount equal to the product of (a) the average computed for the period referred to in clause (c) below, of the weighted average interest rate paid by the Administrative Agent for federal funds acquired by the Administrative Agent during each day included in such period, times (b) the amount of such Settlement Amount, times (c) a fraction, the numerator of which is the number of days that elapse from and including such Settlement Date to the date on which the amount of such Settlement Amount shall become immediately available to the Administrative Agent, and the denominator of which is 360. A statement of the Administrative Agent submitted to such Settling Lender with respect to any amounts owing under this §2.9.2 shall be prima facie evidence of the amount due and owing to the Administrative Agent by such Settling Lender. If such Settling Lender’s Settlement Amount is not made available to the Administrative Agent by such Settling Lender within three (3) Business Days following such Settlement Date, the Administrative Agent shall be entitled to recover such amount from the Borrower on demand, with interest thereon at the rate per annum applicable to the Revolving Credit Loans as of such Settlement Date.
Failure to Make Funds Available. The Administrative Agent may, unless notified to the contrary by any Settling Lender prior to a Settlement Date, assume that such Settling Lender has made or will make available to the Administrative Agent on such Settlement Date the amount of such Settling Lender's Settlement Amount, and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If any Settling Lender makes available to the Administrative Agent such amount on a date after such Settlement Date, then such Settling Lender shall pay to the Administrative Agent forthwith on demand such amount in immediately available funds with interest thereon, for each day from and including the Settlement Date at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing. A statement of the Administrative Agent submitted to such Settling Lender with respect to any amounts owing under this Section 2.9.2 shall be prima facie evidence (absent manifest error) of the amount due and owing to the Administrative Agent by such Settling Lender. If such Settling Lender's Settlement Amount is not made available to the Administrative Agent by such Settling Lender within three (3) Business Days following such Settlement Date, the Administrative Agent shall be entitled to recover such amount from the Borrower on demand, with interest thereon at the rate per annum applicable to the Revolving Credit Loans as of such Settlement Date.
Failure to Make Funds Available. The Administrative Agent may, unless notified to the contrary by any Settling Lender prior to a Settlement Date, assume that such Settling Lender has made or will make available to the Administrative Agent on such Settlement Date the amount of such Settling Lender’s Settlement Amount, and the Administrative Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount. If any Settling Lender makes available to the Administrative Agent such amount on a date after such Settlement Date, such Settling Lender shall pay to the Administrative Agent on demand an amount equal to the product of (i) the average computed for the period referred to in clause (iii) below, of the Federal Funds Rate for each day included in such period, times (ii) the amount of such Settlement Amount, times (iii) a fraction, the
Failure to Make Funds Available. The Agent may, unless notified to the contrary by any Settling Bank prior to a Settlement Date, assume that such Settling Bank has made or will make available to the Agent on such Settlement Date the amount of such Settling Bank's Settlement Amount, and the Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount. If any Settling Bank makes available to the Agent such amount on a date after such Settlement Date, such Settling Bank shall pay to the Agent on demand an amount equal to the product of (a) the average computed for the period referred to in clause (c) below, of the Overnight Rate for each day included in such period, times (b) the amount of such Settlement Amount, times (c) a fraction, the numerator of which is the number of days that elapse from and including such Settlement Date to the date on which the amount of such Settlement Amount shall become immediately available to the Agent, and the denominator of which is 360. A statement of the Agent submitted to such Settling Bank with respect to any amounts owing under this ss.2.10.2 shall be prima facie evidence of the amount due and owing to the Agent by such Settling Bank. If such Settling Bank's Settlement Amount is not made available to the Agent by such Settling Bank within three (3) Business Days following such Settlement Date, the Agent shall be entitled to recover such amount from the Borrower on demand, with interest thereon at the rate per annum applicable to the Revolving Credit Loans as of such Settlement Date.
Failure to Make Funds Available. (a) In the event that for any reason funds are not available to complete an ACH transfer in the Required Draw Amount and Board fails to provide the required funds within one (1) business day after notice of the need to provide such funds, Contractor may terminate this Contract immediately without notice, and may, at Board’s expense, provide notice of such termination to Participating Pharmacies and Covered Individuals.
Failure to Make Funds Available. (a) In the event that for any reason the Board failed to make funds available to pay claims for Covered Products or has failed to pay fees to Contractor and Board fails to provide the required funds within one (1) business day after notice of the need to provide such funds, Contractor may terminate this Contract immediately without notice, and may, at Board’s expense, provide notice of such termination to Participating Pharmacies and Covered Individuals.
Failure to Make Funds Available. If CLIENT fails to provide BENECARD PBF sufficient funds to cover all Claims and BENECARD PBF Fees on their due date, BENECARD PBF shall have the right to suspend Claim processing immediately and to notify Participating Pharmacies, Members, and/or other persons that Claim processing is suspended. CLIENT shall be responsible for any late fees or statutory interest penalties to Participating Pharmacies caused by the CLIENT’s late funding. If CLIENT fails at any time to pay any amounts due and owing under this Agreement, then in addition to any other remedies available in contract, at Law, or in equity, BENECARD PBF shall have the right to offset any unpaid amounts against any amounts (including, but not limited to Rebates) owed to CLIENT by BENECARD PBF. CLIENT acknowledges that Participating Pharmacies may pursue payment for unpaid claims directly from CLIENT.
Failure to Make Funds Available. In the event that for any reason funds are not available on the date due and Client fails to provide the required funds within one business day after that failure is brought to the attention of Client, Navitus may (a) cease providing services hereunder or (b) terminate this Agreement immediately. Navitus also may provide notice of such termination or cessation of services to Participating Pharmacies and Eligible Persons. In the event that Client has at any time failed to make funds available to pay claims for Covered Products or has failed to pay fees to Navitus, in addition to any other remedies, Navitus will have the right to offset any unpaid amounts against any amounts owed to Client by Navitus, or any entity affiliated with Navitus.
Failure to Make Funds Available. If Central Reserve fails to make available sufficient funds to pay claims and other expenses as they become due, then Administrator may suspend performance of its services until such a time that Central Reserve makes the required funds available and, in addition, Administrator may terminate this Claims Addendum upon thirty (30) days' written notice to Central Reserve unless the breach by Central Reserve is cured within the thirty (30) day period.
Failure to Make Funds Available. The Agent may, unless notified to the contrary by any Settling Lender prior to a Settlement Date, assume that such Settling Lender has made or will make available to the Agent on such Settlement Date the amount of such Settling Lender's Settlement Amount, and the Agent may (but it shall not be required to), in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. If any Settling Lender makes available to the Agent such amount on a date after such Settlement Date, such Settling Lender shall pay to the Agent on demand an amount equal to the product of (i) the average computed for the period referred to in clause (iii) below, of the weighted average interest rate paid by the Agent for federal funds acquired by the Agent during each day included in such 36 -29-
