ORDINARY COURSE DISTRIBUTIONS. (This Section 13.4 applies unless the provisions of Section 14.6 (which relates to distributions in the event of a Liquidation) becomes operative).
(a) Weekly, on each Thursday (or more frequently at the Administrative Agent's option) the Administrative Agent and each Revolving Credit Lender shall settle up on amounts advanced under the Revolving Credit and payments received on account of the Revolving Credit (including, without limitation, collected funds received in the Administrative Agent's Accounts and not released to the Operating Accounts as provided herein).
(b) The Administrative Agent shall distribute to the SwingLine Lender and to each Revolving Credit Lender, such Person's respective pro-rata share of payments of interest and fees on account of the Revolving Credit when actually received and collected by the Administrative Agent. For purposes of calculating interest due to a Revolving Credit Lender, that Revolving Credit Lender shall be entitled to receive interest on the actual amount contributed by that Revolving Credit Lender towards the principal balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Borrowers. Any net principal reductions to the Revolving Credit Loans received by the Administrative Agent in accordance with the Loan Documents during such period shall not reduce such actual amount so contributed, for purposes of calculation of interest due to that Revolving Credit Lender, until the Administrative Agent has distributed to that Revolving Credit Lender its pro-rata share thereof.
(c) No Revolving Credit Lender shall have any interest in, or right to receive any part of, the Underwriting Fee, the Structuring Fee or the Collateral Monitoring Fee to be paid by the Borrowers to the Administrative Agent pursuant to this Agreement.
(d) Any amount received by the Administrative Agent as reimbursement for any cost or expense (including without limitation, reasonable attorneys' fees) shall be distributed by the Administrative Agent to that Person which is entitled to such reimbursement as provided in this Agreement (and if such Person(s) is (are) the Revolving Credit Lenders, pro-rata based upon their respective Revolving Credit Commitment Percentages at the date on which the expense, in respect of which such reimbursement is being made, was incurred).
(e) Each distribution pursuant to this Section 13.4 is subject to Section 13.3(c), above.
ORDINARY COURSE DISTRIBUTIONS. (a) The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $200 million, for each such Fiscal Year.
(b) Any amount distributed to a Common Member pursuant to this Section 5.05 will be deemed to be an advance distribution of amounts otherwise distributable to such Common Member (i) first, pursuant to Section 5.02(d); and (ii) second, pursuant to Section 5.02(e).
ORDINARY COURSE DISTRIBUTIONS. The Board of Managers shall cause the Company to distribute to the Common Members, out of funds legally available for distribution, pro rata in accordance with their Common Units and not later than 90 days following the end of each Fiscal Year, an aggregate amount determined by a Majority in Interest of the Common Members, not to exceed $400 million, for each such Fiscal Year.
ORDINARY COURSE DISTRIBUTIONS. Subject to the other provisions of this Agreement, including Section 4.3 and Section 9, and Section 5 of the License Agreement, prior to the dissolution of the Company, the Company shall distribute cash or assets to the Members in such amounts, at such times and as of such record dates as the Managing Board determines, as long as such distributions are in accordance with the Members’ respective Percentage Interests.
ORDINARY COURSE DISTRIBUTIONS. Revolving Credit. This Section 13.4 applies unless the provisions of Section 14.9 (which relates to distributions in the event of a Liquidation) become operative.
(a) Weekly, on such day as may be set from time to time by the Agent (or more frequently at the Agent's option) the Agent and each Tranche A Lender shall settle up on amounts advanced and payments received under the Revolving Credit.
(b) The Agent shall distribute to the SwingLine Lender and to each Tranche A Lender, their respective Pro-Rata shares of interest payments on the Revolving Credit Loans when actually received and collected by the Agent (excluding the one (1) Business Day settlement delay to the extent provided for in Section 8.6(a), which shall be for the account of the Agent only). For purposes of calculating interest due to a Tranche A Lender, that Tranche A Lender shall be entitled to receive interest on the actual amount contributed by that Tranche A Lender towards the principal balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Borrowers. Any net principal reductions to the Revolving Credit Loans received by the Agent in accordance with the Loan 157 Documents during such period shall not reduce such actual amount so contributed, for purposes of calculation of interest due to that Tranche A Lender, until the Agent has distributed to that Tranche A Lender its Pro-Rata share thereof.
ORDINARY COURSE DISTRIBUTIONS. THE TRANCHE B LOAN (This Section 13.5 applies unless the provisions of Section 14.7 (which relates to distributions in the event of a Liquidation) become operative).
(a) The Administrative Agent shall distribute to the Tranche B Lender payments on account of principal of, and interest on, the Tranche B Loan and the Tranche B Fees as received and collected by the Administrative Agent from the Loan Parties in accordance with the provisions of this Agreement or as made available by the Administrative Agent as the proceeds of advances under the Revolving Credit. As provided in Section 13.4(f), any amount received by the Administrative Agent or the Collateral Agent as reimbursement for any cost or expense (including without limitation, reasonable attorneys’ fees) shall be distributed by the Administrative Agent to that Person which is entitled to such reimbursement as provided in this Agreement (and if such Person(s) is (are) the Lenders, Pro-Rata determined as of the date on which the expense, in respect of which such reimbursement is being made, was incurred).
(b) Unless otherwise specifically agreed to in writing, the Administrative Agent shall distribute the proceeds of a disposition of Collateral, other than in the ordinary course, in accordance with the ordering of distributions set forth in 14.8.
ORDINARY COURSE DISTRIBUTIONS. (a) Except as otherwise provided in Section 14.6, below (which relates to distributions on account of Liquidation), the Administrative Agent promptly shall distribute to the SwingLine Lender and the respective Tranche A Lenders, payments made by the Borrowers on account of the Tranche A Loans, to the extent such payments are actually received and collected by the Administrative Agent in the following order and priority:
(i) First: To the SwingLine Lender, up to the then unpaid principal balance of the SwingLine Loans.
ORDINARY COURSE DISTRIBUTIONS. Revolving Credit. ----------------------------------------------- This Section 13.4 applies unless the provisions of Section 14.9 (which relates to distributions in the event of a Liquidation) become operative.
(a) Weekly, on such day as may be set from time to time by the Agent (or more frequently at the Agent's option) the Agent and each Tranche A Lender shall settle up on amounts advanced and payments received under the Revolving Credit.
(b) The Agent shall distribute to the SwingLine Lender and to each Tranche A Lender, their respective Pro-Rata shares of interest payments on the Revolving Credit Loans when actually received and collected by the Agent (excluding the one (1) Business Day settlement delay to the extent provided for in Section 8.6(a), which shall be for the account of the Agent only). For
(c) The Agent shall distribute fees paid on account of the Revolving Credit, as follows: (i) Unused (Line) Fee: Pro-Rata to the Tranche A Lenders.
ORDINARY COURSE DISTRIBUTIONS. This Section applies unless the provisions of Section (which relates to distributions in the event of a Liquidation) becomes operative.
ORDINARY COURSE DISTRIBUTIONS. Article 14 - ACCELERATION AND LIQUIDATION:
