Common use of Distribution among Lenders Clause in Contracts

Distribution among Lenders. Any payment received by the Agent on account of any indebtedness of any Borrower hereunder, including any amount received through the exercise of any right of set-off and the enforcement of the Subsidiary Guarantees, must be distributed among the Lenders proportionately to the amount of the indebtedness owing to them hereunder and which is then payable.

Distribution among Lenders. Any payment received by the Agent on account of any indebtedness of any Borrower hereunder, including any amount received through the exercise of any right of set-off and the enforcement of the Subsidiary Guaranteesany Security, must be distributed among the Lenders proportionately to the amount of the indebtedness owing to them hereunder and which is then payable.

Distribution among Lenders. Any payment received by the Agent on account of any indebtedness of any Borrower hereunderunder the Facility, including any amount received through the exercise of any right of set-off set‑off and the enforcement of the Subsidiary Guaranteesany Security, must be distributed among the Lenders proportionately to the amount of the indebtedness owing to them hereunder under the Facility and which is then payable.

Distribution among Lenders. Any payment received by the Agent on account of any indebtedness of any Borrower hereunderunder the Facility, including any amount received through the exercise of any right of set-off and the enforcement of the Subsidiary Guaranteesany Security, must be distributed among the Lenders proportionately to the amount of the indebtedness owing to them hereunder under the Facility and which is then payable.

Distribution among Lenders. Any payment received by a Lender or the Agent on account of any indebtedness of any Borrower hereunderthe Loan, including any amount received through the exercise of any right of set-off and the enforcement of the Subsidiary Guaranteesany Guarantee, must be distributed among the Lenders proportionately to the amount of the indebtedness owing due to them hereunder and which is then payable.