Common use of ESOP Loans Clause in Contracts

ESOP Loans. Each ESOP Lender hereby authorizes the Agent to ---------- enter into the ESOP Agreements on its behalf and accepts an interest in the ESOP Loans in an amount equal to the amount set forth opposite such ESOP Lender's name under the heading "ESOP Lenders" on Schedule I hereof.

Appears in 2 contracts

Sources: Credit Agreement (Tokheim Corp), Credit Agreement (Tokheim Corp)