Common use of Apportionment of Payments Clause in Contracts

Apportionment of Payments. The aggregate principal, prepayment fees and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iii) if, pursuant to the provisions of Section 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Rate Loans in lieu of its Pro Rata Share of any Fixed Rate Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 3 contracts

Samples: Credit Agreement (Taylor Morrison Home Corp), Credit Agreement (Taylor Morrison Home Corp), Credit Agreement (Taylor Morrison Home Corp)

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Apportionment of Payments. The aggregate principal, prepayment fees Aggregate principal and interest payments shall be apportioned among all outstanding Loans AXELs to which such payments relate, in each case proportionately to the Lenders' respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender Officemay request, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3Agent. Notwithstanding the foregoing provisions of this Section subsection 2.4C(iii) ), if, pursuant to the provisions of Section subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans AXELs in lieu of its Pro Rata Share of any Fixed Eurodollar Rate LoansAXELs, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 2 contracts

Samples: Credit Agreement (JCS Realty Corp), Axel Credit Agreement (Amscan Holdings Inc)

Apportionment of Payments. The aggregate principal, prepayment fees Aggregate principal and interest and prepayment premium payments (including prepayments) in respect of Loans shall be apportioned among all outstanding Loans to which such payments relate, in each case relate proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Officethe account specified in the payment instructions delivered to Administrative Agent by such Lender, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3Agent. Notwithstanding the foregoing provisions of this Section subsection 2.4C(iii) ), if, pursuant to the provisions of Section subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Eurodollar Rate Loans, the Administrative Agent shall give effect thereto in apportioning interest payments received thereafter.

Appears in 2 contracts

Samples: Second Lien Credit Agreement (SafeNet Holding Corp), Second Lien Credit Agreement (SafeNet Holding Corp)

Apportionment of Payments. The aggregate principal, prepayment fees and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Commitment Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iii) if, pursuant to the provisions of Section 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Rate Eurodollar Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Residential Properties Inc.)

Apportionment of Payments. The aggregate principal, prepayment fees Aggregate principal and interest payments in respect of Revolving Loans shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders' respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees commitment fees of such Lender Lender, if any, when received by the Administrative Agent pursuant to Section subsection 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iii) subsection 2.4B(iii), if, pursuant to the provisions of Section subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Rate LIBOR Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: Credit Agreement (Ak Steel Holding Corp)

Apportionment of Payments. The aggregate principal, prepayment fees and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Commitment Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iii) if, pursuant to the provisions of Section 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Eurodollar Rate Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: Credit Agreement (Taylor Morrison Home Corp)

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Apportionment of Payments. The aggregate principal, prepayment fees and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable ap- plicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees commitment fees of such Lender when received by the Administrative Agent pursuant to Section subsection 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iiisubsection 2.4E(iii) if, pursuant to the provisions of Section subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Eurodollar Rate Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: Credit Agreement (Transportation Technologies Industries Inc)

Apportionment of Payments. The Except as set forth herein, aggregate principal, prepayment fees principal and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata SharesShares of such Loans. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender Officemay request, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees in respect of such Lender when received by the Administrative Agent pursuant to Section 2.3Loans. Notwithstanding the foregoing provisions of this Section 2.4C(iii) subsection 2.4B(iii), if, pursuant to the provisions of Section 2.6Csubsection 2.5C, any Notice of Conversion/Continuation Conversion is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed LIBOR Rate Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Hawaiian Telcom Holdco, Inc.)

Apportionment of Payments. The aggregate principal, prepayment fees and interest payments shall be apportioned among all outstanding Loans to which such payments relate, in each case proportionately to the Lenders’ respective Pro Rata Shares. The Administrative Agent shall promptly distribute to each applicable Lender, at its applicable Lender Office, its Pro Rata Share of all such payments received by the Administrative Agent and the Facility Fees of such Lender when received by the Administrative Agent pursuant to Section 2.3. Notwithstanding the foregoing provisions of this Section 2.4C(iii) if, pursuant to the provisions of Section 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Daily Base Rate Loans in lieu of its Pro Rata Share of any Fixed Eurodollar Rate Loans, the Administrative Agent shall give effect thereto in apportioning payments received thereafter.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Taylor Morrison Home Corp)

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