Agent to Allocate Payments. All payments of principal and interest in respect of the extensions of credit made pursuant to this Agreement, commitment fees, and other fees under this Agreement shall, as a matter of convenience, be made by the Borrowers to the Agent in immediately available funds, and the share of each Lender shall be credited to such Lender by the Agent in immediately available funds in such manner that the principal amount of the Credit Obligations to be paid shall be paid proportionately in accordance with the Lenders' respective Percentage Interests in such Credit Obligations.
Appears in 2 contracts
Samples: Credit Agreement (Ski Lifts Inc), Credit Agreement (Booth Creek Ski Holdings Inc)
Agent to Allocate Payments. All payments of principal and interest in respect of the extensions of credit made pursuant to this Agreement, commitment fees, and other fees under this Agreement shall, as a matter of convenience, be made by the Borrowers Borrower to the Agent in immediately available funds, and the share of each Lender shall be credited to such Lender by the Agent in immediately available funds in such manner that the principal amount of the Credit Obligations to be paid shall be paid proportionately in accordance with the Lenders' respective Percentage Interests in such Credit Obligations.
Appears in 1 contract
Samples: Credit Agreement (Chemfab Corp)
Agent to Allocate Payments. All Subject to Section 11.4.3, all payments of principal and interest in respect of the extensions of credit made pursuant to this Agreement, Agreement and commitment fees, fees and other fees under this Agreement shall, as a matter of convenience, be made by the Borrowers Company to the Agent in immediately available funds, and the share of each Lender shall be credited to such Lender by the Agent in immediately available funds in such manner that the principal amount amount, interest and fees in respect of the Credit Obligations to be paid shall be paid proportionately in accordance with the Lenders' respective Percentage Interests in such Credit Obligations.
Appears in 1 contract