Common use of Distribution of Payments Clause in Contracts

Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, to the corresponding Assignee.

Appears in 6 contracts

Samples: Credit Agreement (Emeritus Corp\wa\), Credit Agreement (Alere Inc.), Credit Agreement (Palm Harbor Homes Inc /Fl/)

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Distribution of Payments. On and after the Effective Closing Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, to the corresponding Assignee.

Appears in 2 contracts

Samples: Loan and Security Agreement (XCel Brands, Inc.), Loan and Security Agreement (XCel Brands, Inc.)

Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each the Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, to the corresponding Assignee. Section 7.

Appears in 2 contracts

Samples: 2020 Credit Agreement (White Mountains Insurance Group LTD), Version Fourth (White Mountains Insurance Group LTD)

Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, to the corresponding Assignee.. ASSIGNMENT FOR CREDIT AGREEMENT REGENT BROADCASTING, LLC

Appears in 1 contract

Samples: Credit Agreement (Townsquare Media, Inc.)

Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Credit Documents in respect of each Assigned / Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, / to the corresponding Assignee.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

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Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each the Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor Assignor, and (b) otherwise, to the corresponding Assignee.

Appears in 1 contract

Samples: Credit Agreement (Truck Hero, Inc.)

Distribution of Payments. On and after the Effective Date, the Administrative Agent shall make all payments under the Loan Documents in respect of each Assigned Interest of any Assignor (a) in the case of amounts accrued to but excluding the Effective Date, to such Assignor and (b) otherwise, to the corresponding Assignee.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

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