Each payment by the Borrower on account of the principal of or interest on the Loans denominated in Dollars or any fee, commission or other amounts (including the Reimbursement Obligation) denominated in Dollars payable to the Lenders under this Agreement shall be made not later than on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agents Office for the account of the Lenders entitled to such payment in Dollars, in Same Day Funds and shall be made without any set-off, counterclaim or deduction whatsoever. Any payment received after such time but before on such day shall be deemed a payment on such date for the purposes of [Section 10.1], but for all other purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after shall be deemed to have been made on the next succeeding Business Day for all purposes.
Sharing of Payments. If, other than as expressly provided elsewhere herein, any shall obtain on account of the Loans or any Tranche of the Loans made by it, or the participations in L/C Obligations, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such shall immediately # notify the Administrative Agent of such fact, and # purchase from the other such participations in the Loans or any Tranche of Loans made by them and/or such sub-participations in the participations in L/C Obligations held by them, as the case may be, as shall be necessary to cause such purchasing to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them (or other share contemplated hereunder); provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing under any of the circumstances described in [Section 11.05] (including pursuant to any settlement entered into by the purchasing in its discretion), such purchase shall to that extent be rescinded and each other shall repay to the purchasing the purchase price paid therefor, together with an amount equal to such paying ’s ratable share (according to the proportion of # the amount of such paying ’s required repayment to # the total amount so recovered from the purchasing ) (or other share contemplated hereunder) of any interest or other amount paid or payable by the purchasing in respect of the total amount so recovered, without further interest thereon. The Borrowers agrees that any so purchasing a participation from another may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of setoff, but subject to [Section 11.08]) with respect to such participation as fully as if such were the direct creditor of the Borrowers in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this [Section 2.13] and will in each case notify the following any such purchases or repayments. Each that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing were the original owner of the Obligations purchased.
. If any shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such ’s receiving payment of a proportion of the aggregate amount of such participations and accrued interest thereon greater than its applicable Pro Rata Share thereof as provided herein, then the receiving such greater proportion shall # notify the of such fact, and # purchase (for cash at face value) participations in the Loans or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that:
Sharing of Payments. (a) If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on account of principal of or interest on the Loans, the Reimbursement Obligations or participations in Swingline Loans owed to it by any Borrower in excess of its Pro Rata Share or BSub Percentage, respectively, related to the Revolving Loans or its pro rata portion of the Term Loans of all payments and other recoveries obtained by all Revolving Lenders, the applicable BSub Lenders or all Term Lenders, as the case may be, on account of principal of and interest on such Loans, Reimbursement Obligations or participations in Swingline Loans, then such Lender shall immediately # notify the Administrative Agent and the other applicable Lenders (including the Swingline Lender) of such fact and # purchase such participations in the Loans, Reimbursement Obligations and participations in Swingline Loans of the other Lenders to such Borrower as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery pro rata with such other Lenders in accordance with their Pro Rata Shares, BSub Percentages or pro rata portion of the Term Loans, as applicable (or, after all Loans have matured or been accelerated, in such manner as results in all Lenders sharing such payment or other recovery pro rata (determined on the basis of the relationship between the aggregate amount owed hereunder to each Lender and the aggregate amount owed hereunder to all Lenders); provided that if all or any portion of such excess payment or other recovery is thereafter recovered from the purchasing Lender, such purchase shall to that extent be rescinded and each other applicable Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lenders ratable share (according to the proportion of # the amount of such paying Lenders required repayment to # the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered.
Sharing of Payments. If you shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the Loans and the Note in excess of your Purchased Interest in payments on account of the Loans and the
Tax Sharing Installment Payments. (a) Federal Income Taxes. Ford may, in its sole discretion, deliver to Ford Credit a schedule, not later than five business days prior to any Estimated Tax Installment Date with respect to any taxable period, setting forth the estimated amount of the related installment of the Ford Credit Federal Income Tax Liability determined under the principles of Section 6655 of the Code. Ford Credit shall pay Ford in accordance with their customary intercompany settlement procedure.
Information Sharing. If Indemnitee is the subject of or is implicated in any way during an investigation, whether formal or informal, the Company shall promptly notify the Indemnitee of such investigation, unless such notice is prohibited by any law, rule, regulation or formal order from a regulatory agency. The Company shall further share with Indemnitee any information it has turned over to any third parties concerning the investigation (Shared Information) at the time such information is so furnished, unless such notice is prohibited by any law, rule, regulation or formal order from a regulatory agency, would breach a confidentiality obligation owed to a third party or would waive the Companys attorney-client privilege. By executing this agreement, Indemnitee agrees that such Shared Information is material non-public information that Indemnitee is obligated to hold in confidence and may not disclose publicly; provided, however, that Indemnitee is permitted to use the Shared Information and to disclose such Shared information to lndemnitees legal counsel and third parties solely in connection with defending Indemnitee from legal liability.
Section # Sharing Payments.
Section # Payments Generally; Allocation of Proceeds; Sharing of Payments 97104
Section # Sharing of Payments. 188187
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