Compensation of the Agent. On the first Business Day after each anniversary of this Agreement, the Disbursement Agent shall transfer the fees and any other amounts scheduled to be paid under Section 2.12(c) of the Credit Agreement from the Loan Proceeds Account directly to the Agent (with concurrent notice of such payment to the Borrowers), which amount shall constitute compensation for services to be performed by the Agent during such year.
Appears in 3 contracts
Sources: Master Disbursement Agreement, Credit Agreement (CAESARS ENTERTAINMENT Corp), Master Disbursement Agreement (CAESARS ENTERTAINMENT Corp)