Common use of ORDINARY COURSE DISTRIBUTIONS Clause in Contracts

ORDINARY COURSE DISTRIBUTIONS. Revolving Credit. This Section 13.4 applies unless the provisions of Section 14.9 (which relates to distributions in the event of a Liquidation) become operative. (a) Weekly, on such day as may be set from time to time by the Agent (or more frequently at the Agent's option) the Agent and each Tranche A Lender shall settle up on amounts advanced and payments received under the Revolving Credit. (b) The Agent shall distribute to the SwingLine Lender and to each Tranche A Lender, their respective Pro-Rata shares of interest payments on the Revolving Credit Loans when actually received and collected by the Agent (excluding the one (1) Business Day settlement delay to the extent provided for in Section 8.6(a), which shall be for the account of the Agent only). For purposes of calculating interest due to a Tranche A Lender, that Tranche A Lender shall be entitled to receive interest on the actual amount contributed by that Tranche A Lender towards the principal balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Borrowers. Any net principal reductions to the Revolving Credit Loans received by the Agent in accordance with the Loan 157 Documents during such period shall not reduce such actual amount so contributed, for purposes of calculation of interest due to that Tranche A Lender, until the Agent has distributed to that Tranche A Lender its Pro-Rata share thereof.

ORDINARY COURSE DISTRIBUTIONS. Revolving Credit. (This Section 13.4 12.3 applies unless the provisions of Section 14.9 13.6 (which relates to distributions in the event of a Liquidation) become becomes operative). (a) Weekly, on On such day as may be set from time to time by the Agent (or more frequently at the Agent's option) the Agent and each Tranche A Revolving Credit Lender shall settle up on amounts advanced and payments received under the Revolving CreditCredit and collected funds received in the Concentration Account. (b) The Agent shall distribute to the SwingLine Lender and to each Tranche A Revolving Credit Lender, their such Person's respective Propro-Rata shares rata share of interest payments on the Revolving Credit Loans when actually received and collected by the Agent (excluding the one Two (12) Business Day Days for settlement delay to the extent provided for in Section 8.6(a7.3(a), which shall be for the account of the Agent only). For purposes of calculating interest due to a Tranche A Revolving Credit Lender, that Tranche A Revolving Credit Lender shall be entitled to receive interest on the actual amount contributed by that Tranche A Revolving Credit Lender towards the principal balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Borrowers. Any net principal reductions to the Revolving Credit Loans received by the Agent in accordance with the Loan 157 Documents during such period shall not reduce such actual amount so contributed, for purposes of calculation of interest due to that Tranche A Revolving Credit Lender, until the Agent has distributed to that Tranche A Revolving Credit Lender its Propro-Rata rata share thereof.