Common use of Distribution of Payments by the Agent Clause in Contracts

Distribution of Payments by the Agent. (a) The Agent shall promptly distribute to each Bank its ratable share of each payment received by the Agent under the Loan Documents for the account of the Banks by credit to an account of such Bank at the Agent's Office or by wire transfer to an account of such Bank at an office of any other commercial bank located in the United States.

Appears in 2 contracts

Samples: Credit Agreement (Zd Inc), Credit Agreement (Aes Eastern Energy Lp)

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Distribution of Payments by the Agent. (a) The Agent shall promptly distribute to each Bank Lender its ratable share of each payment received by the Agent under the Loan Documents for the account of the Banks Lenders by credit to an account of such Bank Lender at the Agent's Office or by wire transfer to an account of such Bank Lender at an office of any other commercial bank located in the United States.

Appears in 2 contracts

Samples: Credit Agreement (Frontier Airlines Inc /Co/), Secured Credit Agreement (Frontier Airlines Inc /Co/)

Distribution of Payments by the Agent. (a) The Agent shall promptly distribute to each Bank its ratable share of each payment received by the Agent under the Loan Documents for the account of the Banks by credit to an account of such Bank at the Agent's Office or by wire transfer to an account of such Bank at an office of any other commercial bank located in the United States.the

Appears in 1 contract

Samples: Aes Eastern Energy Lp

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Distribution of Payments by the Agent. (a) The Agent shall promptly distribute to each Bank its ratable share of each payment received by the Agent under the Loan Documents for the account of the Banks by credit to an account of such Bank at the Agent's ’s Office or by wire transfer to an account of such Bank at an office of any other commercial bank located in the United States.

Appears in 1 contract

Samples: Credit Agreement (Aes Eastern Energy Lp)

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