Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.22, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations of the Borrower hereunder or under any other Financing Document, it shall promptly distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the Secured Obligations with respect to which such payment was received.
Appears in 5 contracts
Samples: Credit Agreement, Credit Agreement (NRG Yield, Inc.), Credit Agreement (NRG Yield, Inc.)
Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.226.9, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations obligations of the Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders Lender pro rata based upon their respective shares, if any, of the Secured Obligations obligations with respect to which such payment was received.
Appears in 4 contracts
Samples: Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc)
Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.226.9, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations obligations of the Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the Secured Obligations obligations with respect to which such payment was received.
Appears in 2 contracts
Samples: Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc)
Application of Payments; Sharing. (a) Subject to the provisions of the Intercreditor Agreement and this Section 3.223.7, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations of the Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the Secured Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: Credit Agreement (Pg&e Corp)
Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.228.7, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower Borrowers in respect of any Secured Obligations of the Borrower hereunder or under any other Financing DocumentObligations, it shall promptly distribute such payment to the Lenders and the other Secured Parties, as applicable, pro rata based upon their respective shares, if any, of the Secured Obligations with respect to which such payment was received.. 106
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Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.223.7, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations of the Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders pro rata based upon their --- ---- respective shares, if any, of the Secured Obligations with respect to which such payment was received.
Appears in 1 contract
Samples: Credit Agreement (Pg&e Corp)
Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.226.8, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Secured Obligations of the Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the Secured Obligations of the Borrower hereunder with respect to which such payment was received.
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Application of Payments; Sharing. (a) Subject to the provisions of this Section 3.226.9, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the either Borrower in respect of any Secured Obligations of the such Borrower hereunder or under any other Financing Documenthereunder, it shall promptly distribute such payment to the Lenders pro rata based upon their respective shares, if any, of the Secured Obligations of the relevant Borrower hereunder with respect to which such payment was received.
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