Common use of Computations and Manner of Payments Clause in Contracts

Computations and Manner of Payments. (a) Company shall make each payment not later than 1:00 p.m. on the day when due in immediately available funds to Administrative Agent, (i) in respect of the Revolving Loan and the Term Loan, for the Ratable account of Lenders unless otherwise specifically provided herein, and (ii) in respect of the Bid Rate Loans, for the account of each Lender making Bid Rate Loans, at Administrative Agent NationsBank Plaza 901 Main Street 00xx Xxxxx Xxxxxx, Xxxxx 00000 Attn. Theresa Belk for the further xxxxxx xx xhe account of Franchise Finance Corporation of America. No later than the end of each day when each payment hereunder is made, Company shall notify Theresa Belk, telephone (214) 000-0000, facsimile (210) 000-0000, xr such other Person as Administrative Agent may from time to time specify. Notwithstanding anything in this Section 2.16(a) or any other provision of this Agreement or any other Loan Paper to the contrary, any payment by Company in respect of any Advances after acceleration of the Advances pursuant to Section 7.2 or any monies received by Administrative Agent or any Lender as a result of the exercise of remedies under any Loan Paper after acceleration of Advances pursuant to Section 7.2 shall be distributed pro rata to each Lender based on the percentage that the outstanding Advances owed to such Lender bears to the aggregate Advances owed to all Lenders. -40-

Computations and Manner of Payments. (a) Company shall make each payment not later than 1:00 p.m. on the day when due in immediately available funds to Administrative Agent, (i) in respect of the Revolving Loan and the Term Loan, for the Ratable account of Lenders unless otherwise specifically provided herein, and (ii) in respect of the Bid Rate Swing Line Loans, for the account of each Lender making Bid Rate LoansSwing Line Lender, at Administrative Agent NationsBank Bank of America Plaza 901 Main Street 900 Xxxx Xxxxxx 00xx Xxxxx Xxxxxx, Xxxxx 00000 Attn. Theresa Belk Txxxx Xxxxxx for the further xxxxxx xx xhe credit to the account of Franchise Finance Corporation of America. No later than the end of each day when each payment hereunder is made, Company shall notify Theresa BelkTxxxxxx Xxxx, telephone (214000) 000-0000, facsimile (210214) 000209-00002515, xr or such other Person as Administrative Agent may from time to time specify. Notwithstanding anything in this Section 2.16(aSECTION 2.12(a) or any other provision of this Agreement or any other Loan Paper to the contrary, any payment by Company in respect of any Advances after acceleration of the Advances pursuant to Section SECTION 7.2 or any monies received by Administrative Agent or any Lender as a result of the exercise of remedies under any Loan Paper after acceleration of Advances pursuant to Section SECTION 7.2 shall be distributed pro rata to each Lender based on the percentage that the outstanding Advances owed to such Lender bears to the aggregate Advances owed to all Lenders. -40-.

Computations and Manner of Payments. (a) Company shall make each payment not later than 1:00 p.m. on the day when due in immediately available funds to Administrative Agent, (i) in respect of the Revolving Loan and the Term Loan, for the Ratable account of Lenders unless otherwise specifically provided herein, and (ii) in respect of the Bid Rate Loans, for the account of each Lender making Bid Rate Loans, at -34- Administrative Agent NationsBank Plaza 901 Main Street 900 Xxxx Xxxxxx 00xx Xxxxx Xxxxxx, Xxxxx 00000 Attn. Theresa Belk Txxxxxx Xxxx for the further xxxxxx xx xhe credit to the account of Franchise Finance Corporation of America. No later than the end of each day when each payment hereunder is made, Company shall notify Theresa BelkTxxxxxx Xxxx, telephone (214000) 000-0000, facsimile (210214) 000508-00002515, xr or such other Person as Administrative Agent may from time to time specify. Notwithstanding anything in this Section 2.16(a) or any other provision of this Agreement or any other Loan Paper to the contrary, any payment by Company in respect of any Advances after acceleration of the Advances pursuant to Section 7.2 or any monies received by Administrative Agent or any Lender as a result of the exercise of remedies under any Loan Paper after acceleration of Advances pursuant to Section 7.2 shall be distributed pro rata to each Lender based on the percentage that the outstanding Advances owed to such Lender bears to the aggregate Advances owed to all Lenders. -40-.

Computations and Manner of Payments. (a) Company shall make each payment not later than 1:00 p.m. on the day when due in immediately available funds to Administrative Agent, (i) in respect of the Revolving Loan and the Term Loan, for the Ratable account of Lenders unless otherwise specifically provided herein, and (ii) in respect of the Bid Rate Loans, for the account of each Lender making Bid Rate Loans, at Administrative Agent NationsBank Plaza 901 Main Street 00xx Xxxxx Xxxxxx, Xxxxx 00000 AttnXttn. Theresa Belk -33- for the further xxxxxx xx xhe credit to the account of Franchise Finance Corporation of America. No later than the end of each day when each payment hereunder is made, Company shall notify Theresa Belk, telephone (214) 000-0000, facsimile xacsimile (210214) 000-0000, xr xx such other Person as Administrative Agent may from time to time specify. Notwithstanding anything in this Section 2.16(a) or any other provision of this Agreement or any other Loan Paper to the contrary, any payment by Company in respect of any Advances after acceleration of the Advances pursuant to Section 7.2 or any monies received by Administrative Agent or any Lender as a result of the exercise of remedies under any Loan Paper after acceleration of Advances pursuant to Section 7.2 shall be distributed pro rata to each Lender based on the percentage that the outstanding Advances owed to such Lender bears to the aggregate Advances owed to all Lenders. -40-.