Payments Pro Rata. (a) The 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 Banks (other than any 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 4 contracts
Samples: Credit Agreement (Maple Leaf Aerospace Inc), Credit Agreement (Federal Data Corp /Fa/), Credit Agreement (Tristar Aerospace 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 in respect of any Obligations of such Credit Party, it shall, except as otherwise provided in this Agreement, distribute such payment to the Banks (other than any 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 4 contracts
Samples: Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Advanced Medical Inc), Credit Agreement (Alliance Imaging Inc /De/)
Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the 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 Banks (other than any 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 (Sitel Corp), Credit Agreement (Power Ten), Credit Agreement (Ithaca Industries Inc)
Payments Pro Rata. (a) The 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 Banks (other than any 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: Pledge Agreement (Fremont General Corp), Credit Agreement (Fremont General Corp)
Payments Pro Rata. (a) The 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 Banks (other than any Bank that has consented in writing expressly waived its right to waive receive its PRO RATA 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 (Universal Outdoor Inc), Credit Agreement (Universal Outdoor Holdings Inc)
Payments Pro Rata. (a) The 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 Partyhereunder, it shall, except as otherwise provided in this Agreement, shall distribute such payment to the Banks (other than any 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
Payments Pro Rata. (a) The 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, shall distribute such payment to the Banks (other than any 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
Payments Pro Rata. (a) The 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 Banks (other than any Bank that has consented in writing to waive its PRO RATA 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.
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