Common use of Pro Rata Distribution Clause in Contracts

Pro Rata Distribution. All facility fees will be divided among the --------------------- Banks in accordance with their Normal Percentage, and interest and principal payments on each Loan will be divided pro rata among Banks in accordance with their percentage interest in the Loan.

Appears in 5 contracts

Sources: Revolving Credit Agreement (Hughes Electronics Corp), Revolving Credit Agreement (Hughes Electronics Corp), Revolving Credit Agreement (Hughes Electronics Corp)

Pro Rata Distribution. All facility fees Facility Fees will be divided among --------------------- the --------------------- Banks in accordance with their Normal Percentage, and interest and principal payments on each Loan will be divided pro rata among Banks in accordance with their percentage interest in the LoanPercentage.

Appears in 2 contracts

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