Common use of Collections and Disbursements Clause in Contracts

Collections and Disbursements. (a) The Agent will have the right to collect and receive all payments of the Obligations, together with all fees, charges or other amounts due under this Agreement and the Loan Documents. On each Settlement Date, the Agent shall make a determination of the actual outstanding dollar amount of each Lender’s Loans based upon its Pro Rata Percentage (or such lesser percentage if such Lender has failed to remit a required payment to the Agent hereunder) of the outstanding principal amount of all Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Collections and Disbursements. (a) The Agent will have the right to collect and receive all payments of the ObligationsObligations and to collect and receive all reimbursements for draws made under the Letters of Credit, together with all fees, charges or other amounts due under this Agreement and the Loan Documents. On each Settlement Date, the Agent shall make a determination of the actual outstanding dollar amount of each Lender’s 's Loans based upon its Revolving Credit Pro Rata Percentage (or such lesser percentage if such Lender has failed to remit a required payment to the Agent hereunder) of the outstanding principal amount of all Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Collections and Disbursements. (a) The Agent will have the right to collect and receive all payments of the Obligations, together with all fees, charges or other amounts due under this Agreement and the Loan Documents. On each Settlement Date, the Agent shall make a determination of the actual outstanding dollar amount of each Lender’s 's Loans based upon its Pro Rata Percentage (or such lesser percentage if such Lender has failed to remit a required payment to the Agent hereunder) of the outstanding principal amount of all Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Collections and Disbursements. (a) The Agent will have the right to collect and receive all payments of the Obligations, together with all fees, charges or other amounts due under this Agreement and the Loan Documents. On each Settlement Date, the Agent shall make a determination of the actual outstanding dollar amount of each Lender’s 's Loans based upon its Pro Rata Percentage (or such lesser percentage if such Lender has failed to remit a required payment to the Agent hereunder) of the outstanding principal amount of all Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

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Collections and Disbursements. (a) The Agent will have the right to collect and receive all payments of the Obligations, and to collect and receive all reimbursements for draws made under the Letters of Credit, together with all fees, charges or other amounts due under this Agreement and the Loan Documents. On each Settlement Date, the Agent shall make a determination of the actual outstanding dollar amount of each Lender’s 's Loans based upon its Pro Rata Percentage (or such lesser percentage if such Lender has failed to remit a required payment to the Agent hereunder) of the outstanding principal amount of all Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Ecc International Corp)

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