Payments to Agents. A payment by the Borrower to the Agents hereunder or any of the other Loan Documents for the account of any Bank shall constitute a payment to such Bank. The Agents agree promptly to distribute to each Bank such Bank's pro rata share of payments received by the Agents for the account of the Banks except as otherwise expressly provided herein or in any of the other Loan Documents.
Appears in 1 contract
Payments to Agents. A payment by any of the Borrower Borrowers ------------------ to the Agents hereunder or any of the other Loan Documents for the account of any Bank or the Issuing Bank shall constitute a payment to such Bank or the Issuing Bank. The Agents agree promptly to distribute to each Bank and the Issuing Bank, as the case may be, such Bank's or Issuing Bank's pro rata share of payments received by the Agents for --- ---- the account of the Banks or the Issuing Bank except as otherwise expressly provided herein or in any of the other Loan Documents.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)