Common use of Disbursements and Payments Clause in Contracts

Disbursements and Payments. (a) Each Base Rate Loan and Eurodollar -------------------------- Loan shall be made on a pro rata basis by Banks, and each Bank's portion of each Loan shall be determined by application of its Normal Percentage. Each Bid Rate Loan shall be made entirely by the Bank whose offer was accepted by Borrower pursuant to Section 2.4. Each Bank's interest in each Loan and each payment to such Bank under this Agreement shall be for the account of such Bank's Lending Office.

Appears in 4 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

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Disbursements and Payments. (a) Each Base Reference Rate Loan and -------------------------- Eurodollar -------------------------- Loan shall be made on a pro rata basis by Banks, and each Bank's portion of each Loan shall be determined by application of its Normal Percentage. Each Bid Rate Loan shall be made entirely by the Bank whose offer was accepted by Borrower pursuant to Section 2.4. Each Bank's interest in each Loan and each payment to such Bank under this Agreement shall be for the account of such Bank's applicable Lending Office.

Appears in 2 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

Disbursements and Payments. (a) Each Base Rate Loan and Eurodollar -------------------------- Loan shall be made on a pro rata basis by BanksBanks based on their respective Commitments, and each Bank's portion of each Loan shall be determined by application of its Normal Percentage. Each Bid Rate Loan shall be made entirely by the Bank whose offer was accepted by Borrower pursuant to Section 2.4. Each Bank's interest in each Loan and each payment to such Bank under this Agreement shall be for the account of such Bank's Lending Office.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Electronics Corp)

Disbursements and Payments. (a) Each Base Rate Loan and --------------------------------------- Eurodollar -------------------------- Loan shall be made on a pro rata basis by Banks, and each Bank's portion of each Loan shall be determined by application of its Normal Percentage. Each Bid Rate Loan shall be made entirely by the Bank whose offer was accepted by Borrower pursuant to Section 2.4. Each Bank's interest in each Loan and each payment to such Bank under this Agreement shall be for the account of such Bank's Lending Office.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Electronics Corp)

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Disbursements and Payments. (a) Each Base Rate Loan and Eurodollar -------------------------- Loan shall be made on a pro rata basis by Banks, and each Bank's portion of each Loan shall be determined by application of its Normal Percentage. Each Bid Rate Loan shall be made entirely by the Bank whose offer was accepted by Borrower pursuant to Section 2.4. Each Bank's interest in each Loan and each payment to such Bank under this Agreement shall be for the account of such Bank's Lending Office.

Appears in 1 contract

Samples: Credit Agreement (Hughes Electronics Corp)

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