Common use of Apportionment of Payments Clause in Contracts

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by any Lender its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 3 contracts

Sources: Credit Agreement (Rock Tenn Co), Credit Agreement (Rock Tenn Co), Credit Agreement (Rock Tenn Co)

Apportionment of Payments. Aggregate principal and interest ------------------------- payments in respect of Loans and payments in respect of facility fees and commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 3 contracts

Sources: Revolving Credit and Line of Credit Agreement (Rotech Medical Corp), Revolving Credit and Line of Credit Agreement (Rotech Medical Corp), Credit Agreement (Gold Kist Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees and commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Discount Auto Parts Inc), Credit Agreement (Intermet Corp), Revolving Credit and Line of Credit Agreement (Hughes Supply Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees the Facility Fee shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Administrative Agent shall promptly distribute to each Lender at its payment office specified by Payment Office set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Administrative Agent.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Choicepoint Inc), Revolving Credit Agreement (Choicepoint Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees and commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof or such other address as any Lender may re quest its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 1 contract

Sources: Credit Agreement (Gold Kist Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of Loans, facility fees, commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions Pro Rata Shares of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by primary address set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 1 contract

Sources: Credit Agreement (Vari Lite International Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees the Commitment Fee shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof, or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 1 contract

Sources: Credit Agreement (Gold Kist Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees the Unused Fee shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Administrative Agent shall promptly distribute to each Lender at its payment office specified by Payment Office set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Administrative Agent.

Appears in 1 contract

Sources: Revolving Credit Agreement (Choicepoint Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility fees and commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions Pro Rata Share of such Commitments and outstanding Loans. The Administrative Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share Pro Rata Share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Administrative Agent.

Appears in 1 contract

Sources: Revolving Credit Agreement (Discount Auto Parts Inc)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions Pro Rata Share of such Commitments and outstanding Loans. The Administrative Agent shall promptly distribute to each Lender at its payment office specified by set forth beside its name on the appropriate signature page hereof or such other address as any Lender may request its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Administrative Agent.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Able Telcom Holding Corp)

Apportionment of Payments. Aggregate principal and interest payments in respect of Loans and payments in respect of facility Letters of Credit, letter of credit fees and commitment fees shall be apportioned among all outstanding Commitments and Loans to which such payments relate, proportionately to the Lenders' respective pro rata portions of such Commitments and outstanding Loans. The Agent shall promptly distribute to each Lender at its payment office specified by any Lender its share of all such payments received by the Agent on the same Business Day as such payment is deemed to be received by the Agent.

Appears in 1 contract

Sources: Credit Agreement (Fuqua Enterprises Inc)