Common use of Allocations Made By Agent Clause in Contracts

Allocations Made By Agent. As between the Agent and the Banks, unless a Bank objecting to a determination or allocation made by the Agent pursuant to this Agreement delivers to the Agent written notice of such objection within one hundred twenty (120) days after the date any distribution was made by the Agent, such determination or allocation shall be conclusive on such one hundred twentieth day and only those items expressly objected to in such notice shall be deemed disputed by such Bank. The Agent shall not have any duty to inquire as to the application by the Banks of any amounts distributed to them.

Appears in 3 contracts

Samples: Credit Agreement (West Co Inc), Loan and Agency Agreement (Intermagnetics General Corp), Loan and Agency Agreement (Intermagnetics General Corp)

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Allocations Made By Agent. As between the Agent and the Banks, unless ------------------------- a Bank objecting to a determination or allocation made by the Agent pursuant to this Agreement delivers to the Agent written notice of such objection within one hundred twenty (120) days after the date any distribution was made by the Agent, such determination or allocation shall be conclusive on such one hundred twentieth day and only those items expressly objected to in such notice shall be deemed disputed by such Bank. The Agent shall not have any duty to inquire as to the application by the Banks of any amounts distributed to them.

Appears in 2 contracts

Samples: Credit Agreement (Alco Standard Corp), Credit Agreement (Ikon Office Solutions Inc)

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Allocations Made By Agent. As between the Agent and the Banks, ------------------------- unless a Bank objecting to a determination or allocation made by the Agent pursuant to this Agreement delivers to the Agent written notice of such objection within one hundred twenty (120) days after the date any distribution was made by the Agent, such determination or allocation shall be conclusive on such one hundred twentieth day and only those items expressly objected to in such notice shall be deemed disputed by such Bank. The Agent shall not have any duty to inquire as to the application by the Banks of any amounts distributed to them.

Appears in 1 contract

Samples: Credit Agreement (Icf Kaiser International Inc)

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