Common use of DISTRIBUTION OF INTEREST AND UNUSED LINE FEES Clause in Contracts

DISTRIBUTION OF INTEREST AND UNUSED LINE FEES. Interest on --------------------------------------------- the Revolving Loans (including Agent Advances) together with the amount of the Unused Line Fee, shall be allocated by the Agent to each Revolving Credit Lender in accordance with the Revolving Credit Proportionate Share of Revolving Loans actually advanced by and repaid to each Revolving Credit Lender, and shall accrue from the date such Revolving Loans are so advanced and to the date such Revolving Loans are either repaid by a Borrower or actually settled under this Section 2.6. Promptly after the end of each month, the Agent shall distribute ----------- to each Revolving Credit Lender its Revolving Credit Proportionate Share of the interest and Unused Line Fee accrued and paid (or deemed paid) to the Agent during that month; provided, however, that the Agent shall distribute interest -------- ------- on Eurodollar Rate Loans promptly after it is received.

Appears in 1 contract

Sources: Credit Agreement (Rental Service Corp)

DISTRIBUTION OF INTEREST AND UNUSED LINE FEES. Interest on --------------------------------------------- the ---------------------------------------------------- Revolving Loans (including Agent Advances) together with the amount of the Unused Line Fee, shall be allocated by the Agent to each Revolving Credit Lender in accordance with the Revolving Credit Proportionate Share of Revolving Loans actually advanced funded by and repaid to each Revolving Credit Lender, and shall accrue from and including the date such Revolving Loans are so advanced and to but excluding the date such Revolving Loans are either repaid by a the Borrower or actually settled under this Section 2.6Section. Promptly after the end of each monthmonth (or, with respect to interest on Eurodollar Rate Loans, promptly after such interest is received by the Agent), the Agent shall distribute ----------- to each Revolving Credit Lender its Revolving Credit Proportionate Share allocated share of the interest and the Unused Line Fee accrued and paid (or deemed paid) to the Agent during that month; provided, however, that the Agent shall distribute interest -------- ------- on Eurodollar Rate Loans promptly after it is received.

Appears in 1 contract

Sources: Credit Agreement (Wickes Inc)

DISTRIBUTION OF INTEREST AND UNUSED LINE FEES. Interest on the --------------------------------------------- the Revolving Loans (including Agent Advances) together with the amount of the Unused Line Fee, shall be allocated by the Agent to each Revolving Credit Lender in accordance accord- ance with the Revolving Credit Proportionate Share of Revolving Loans actually advanced funded by and repaid to each Revolving Credit Lender, and shall accrue from and including the date such Revolving Loans are so advanced and to but excluding the date such Revolving Revolv- ing Loans are either repaid by a the Borrower or actually settled under this Section 2.6Section. Promptly after the end of each monthmonth (or, with respect to interest on Eurodollar Rate Loans, promptly after such interest is received by the Agent), the Agent shall distribute ----------- to each Revolving Credit Lender its Revolving Credit Proportionate Share allocated share of the interest and the Unused Line Fee accrued and paid (or deemed paid) to the Agent during that month; provided, however, that the Agent shall distribute interest -------- ------- on Eurodollar Rate Loans promptly after it is received.

Appears in 1 contract

Sources: Credit Agreement (Wickes Inc)