Example ContractsClausespayments by borrowers; presumptions by administrative agentVariants
Payments by Borrowers; Presumptions by Administrative Agent
Payments by Borrowers; Presumptions by Administrative Agent contract clause examples

Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrowers prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment, then each of the Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from 1">the Borrowers1">any Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or 3">the3">any L/C Issuer hereunder that 5">the Borrowers5">such Borrower will not make such payment, the Administrative Agent may assume that 7">the Borrowers have7">such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or 9">the9">such L/C Issuer, as the case may be, the amount due. In such event, if 11">the Borrowers have11">such Borrower has not in fact made such payment, then each of the Appropriate Lenders or 13">the13">such L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or 15">the15">such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from 1">the Borrowers1">any Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or 3">the3">any L/C Issuer hereunder that 5">the Borrowers5">such Borrower will not make such payment, the Administrative Agent may assume that 7">the Borrowers have7">such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or 9">the9">such L/C Issuer, as the case may be, the amount due. In such event, if 11">the Borrowers have11">such Borrower has not in fact made such payment, then each of the Appropriate Lenders or 13">the13">such L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or 15">the15">such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the 7">Borrowers7">Borrower will not make such payment, the Administrative Agent may assume that the 9">Borrowers have9">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the 11">Borrowers have11">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the 7">Borrowers7">Borrower will not make such payment, the Administrative Agent may assume that the 9">Borrowers have9">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the 11">Borrowers have11">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or 7">the7">an L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the 13">applicable L/C Issuer, as the case may be, the amount due. In such event, if the 15">Borrowers have15">Borrower has not in fact made such payment, then each of the Appropriate Lenders or 17">the17">such L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or 19">the19">such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">the Borrower; Presumptions by3"> the Administrative Agent. Unless the Administrative Agent shall have received notice from the 5">Borrowers5">Borrower prior to the 7">time at7">date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. In such event, if the 13">Borrowers have13">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or 7">the7">any L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the 13">applicable L/C Issuer, as the case may be, the amount due. In such event, if the 15">Borrowers have15">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the17"> applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the19"> applicable L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or 7">the7">any L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the 13">applicable L/C Issuer, as the case may be, the amount due. In such event, if the 15">Borrowers have15">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the17"> applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the19"> applicable L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or 7">the7">any L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the 13">applicable L/C Issuer, as the case may be, the amount due. In such event, if the 15">Borrowers have15">Borrower has not in fact made such payment, then each of the Appropriate Lenders or the17"> applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the19"> applicable L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, 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.

Payments by 1">Borrowers;1">the Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the 3">Borrowers3">Borrower prior to the 5">time at5">date on which any payment is due to the Administrative Agent for the account of the Lenders or 7">the7">an L/C Issuer hereunder that the 9">Borrowers9">Borrower will not make such payment, the Administrative Agent may assume that the 11">Borrowers have11">Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the 13">applicable L/C Issuer, as the case may be, the amount due. In such event, if the 15">Borrowers have15">Borrower does not in fact 17">made17">make such payment, then each of the Appropriate Lenders or the19"> applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or 21">the21">such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed 23">to it23">by the Administrative Agent to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate 25">reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank 27">compensation.27">compensation, plus any reasonable administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing.

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