Common use of Lender Unused Fees Clause in Contracts

Lender Unused Fees. Promptly after receipt from the Lessee of the payment of the Lender Unused Fee payable pursuant to Section 7.4 of the Participation Agreement, the Agent shall distribute such payments to the Lenders pro rata in accordance with their respective Commitments.

Appears in 5 contracts

Samples: Lease Agreement (Lexicon Genetics Inc/Tx), Credit Agreement (Correctional Services Corp), Credit Agreement (Rf Micro Devices Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.