Common use of Apportionment of Payments and Prepayments Clause in Contracts

Apportionment of Payments and Prepayments. Unless a Lender shall be in default of its obligations to advance any Revolving Loan or reimburse the Agent as provided herein, all payments and prepayments of principal and interest in respect of outstanding Revolving Loans and all payments of fees (other than any fees payable pursuant to the Administrative Fee Letter) and all other payments in respect of any other Obligations (other than with respect to the Swing Line Loans) shall be allocated among (and paid over as soon as reasonably practicable after receipt thereof to) such of the Lenders as are entitled thereto in proportion to their respective Pro Rata Share. All payments and prepayments of principal and interest and other amounts in respect of the Swing Line Loans that have not been converted to Revolving Loans shall be allocated to the Swing Line Lender, and all fees payable pursuant to the Administrative Fee Letter shall be allocated only to the Agent.