Distribution to Banks. 15.5 The Agent shall make available to each Bank before close of business in the Place of Payment on that date its pro rata share (if any) of any sum so received by the Agent from the Borrower in Euros to such account of that Bank with such Bank in the Place of Payment as it shall have designated to the Agent for that purpose. If any sum is received by the Agent from the Borrower later than required by Clause 15.4 (By Borrower), the Agent shall make each Bank’s share (if any) available to it as soon as practicable thereafter.
Distribution to Banks. All payments of principal, interest, fees, and costs or expenses by the Borrower prior to the occurrence and continuance of an Event of Default under Article VIII hereof, or by the issuer of an Employee Note prior to the occurrence and continuance of a default under such Employee Note, shall be distributed to the Banks by the Agent as provided in this Section. If any other Bank shall at any time receive payment on any Loans directly or indirectly from any assets of the Borrower (including, without limitation, through exercise of setoff rights under Section 8.3 hereof) or the maker of any Employee Note in a greater amount than the proportionate amount of principal and interest due it under this Agreement, then such Bank shall purchase for cash (immediately prior to such payment, if necessary) a ratable proportion of the Revolving Credit Loans or the amounts outstanding under Employee Loan Participations held by the other Banks, including the Agent, so that all recoveries of principal and interest shall be shared by the Banks in accordance with their Ratable Shares. If all or any portion of such excess payment is thereafter recovered from such Bank, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.
Distribution to Banks. Interest on an Advance during an Interest Period relating thereto calculated at the rate specified in Clause 8.1(ii)(b) shall be distributed by the Agent to the Banks in proportion to the amounts which represent the cost to each Bank of funding its share of such Advance during such Interest Period provided that any such interest which is attributable to the Applicable Margin shall be distributed by the Agent to the Banks in proportion to their respective shares of such Advance.
Distribution to Banks. The Agent shall promptly distribute to each Bank its Percentage Interest 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.
Distribution to Banks. The Agent shall make available to each Bank before close of business in the Place of Payment on that date its pro rata share (if any) of any sum so received by the Agent from an Obligor in the same currency and funds as received by the Agent to such account of that Bank with such bank in the Place of Payment of the country of that currency as it shall have designated to the Agent for that purpose. If any sum is received by the Agent from an Obligor later than required by Clause 16.2, the Agent shall make each Bank's share (if any) available to it as soon as practicable thereafter.
Distribution to Banks. Agent shall distribute such payments to Banks promptly upon receipt in like funds as received. Each payment by Agent to Banks on account of principal of and interest on the Loan shall be made pro rata according to each Bank’s Commitment Percentage.
