Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit Party, it shall, except as otherwise provided in this Agreement, distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 5 contracts
Samples: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Intelsat LTD), Credit Agreement (Champion Aerospace Inc)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 5 contracts
Samples: Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Alpine Group Inc /De/), Credit Agreement (Pca Valdosta Corp)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 4 contracts
Samples: Credit Agreement (Northwest Airlines Corp), Credit Agreement (Northwest Airlines Corp), Credit Agreement (Great Lakes Carbon Corp)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 3 contracts
Samples: Credit Agreement (Galaxy Fund /De/), Credit Agreement (Galaxy Vip Fund), Credit Agreement (Galaxy Fund Ii)
Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partythe Borrower, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing to waive its PRO RATA share of such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 2 contracts
Samples: Credit Agreement (Amerus Life Holdings Inc), Credit Agreement (Superior National Insurance Group Inc)
Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit PartyObligations, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing expressly waived its right to waive receive its PRO RATA share of such paymentthereof) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 2 contracts
Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments), Credit Agreement (First Union Real Estate Equity & Mortgage Investments)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, the Administrative Agent shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: Credit Agreement (Nash Finch Co)
Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partythe Borrower hereunder, it shall, except as otherwise provided in this Agreement, distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing to waive its PRO RATA share of such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: Credit Agreement (Primedia Inc)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Company in respect of any Obligations of such Credit Partyobligations hereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of such payment) PRO RATA based upon their respective shares, if any, of the Obligations obligations with respect to which such payment was received.
Appears in 1 contract
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower or any Credit Party Subsidiary Guarantor in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit PartyObligations, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing expressly waived its right to waive receive its PRO RATA share of such paymentthereof) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: And (Interstate Hotels Co)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower or any Credit Party Subsidiary Guarantor in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA pro rata share of any such payment) PRO RATA pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its PRO RATA share of any such paymentPAYMENT) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: Credit Agreement (Hydrochem Industrial Services Inc)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the respective Borrower in respect of any Obligations of such Credit Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Lenders Banks (other than any Lender Bank that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received.
Appears in 1 contract
