Common use of Notice of Interest and Yield Clause in Contracts

Notice of Interest and Yield. No later than the fourth (4th) day prior to each Scheduled Payment Date, the Administrative Agent shall deliver to the Lessee and each Participant a calculation of the amount of Interest and Yield, in each case due and payable on such Scheduled Payment Date to each Participant; provided that in each case the failure of the Administrative Agent to provide such notice shall not relieve any Obligor from any liability that it may have under the Operative Documents to pay any such amount; provided further that the Administrative Agent’s failure to give such notice shall result in no liability to it.

Notice of Interest and Yield. No later than the fourth (4th) day prior to each Scheduled Payment Date, the Administrative Agent shall deliver to the Lessee Lessee, the Construction Agent and each Participant a calculation of the amount of Interest interest under the Loan Agreements and of Yield, in each case due and payable on such Scheduled Payment Date to each ParticipantDate; provided that in each case the failure of the Administrative Agent to provide such notice shall not relieve any Obligor the Lessee from any liability that it may have under the Operative Documents to pay any such amount; provided further that the Administrative Agent’s 's failure to give such notice shall result in no liability to it.