Common use of Payment to Banks Clause in Contracts

Payment to Banks. Each payment received by the Administrative Agent under this Agreement or any Note for account of a Bank shall be paid promptly to such Bank, in immediately available funds, for account of such Bank’s Applicable Lending Installation for the Loan in respect of which such payment is made.

Appears in 3 contracts

Samples: Term Loan Agreement (Conagra Foods Inc /De/), Bridge Loan Agreement (Conagra Foods Inc /De/), Revolving Credit Agreement (Conagra Foods Inc /De/)

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Payment to Banks. Each payment received by the Administrative Agent under this Agreement or any Note for account of a Bank shall be paid promptly to such Bank, in immediately available funds, for account of such Bank’s 's Applicable Lending Installation for the Loan in respect of which such payment is made.

Appears in 1 contract

Samples: Long Term Revolving Credit Agreement (Conagra Foods Inc /De/)

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