Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be deemed to be and treated in all respects as payments of the Obligations, and such payments shall be distributed by the Agent to the Banks in accordance with the provisions of the Credit Agreement applicable to payments received by the Agent in respect of the Obligations (and the Company hereby consents to such distributions).
Appears in 6 contracts
Samples: Credit Agreement (CMS Energy Corp), Credit Agreement (CMS Energy Corp), Credit Agreement (Consumers Energy Co)
Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be deemed to be and treated in all respects as payments of the Obligations, and such payments shall be distributed by the Agent to the Banks in accordance with the provisions of the Credit Loan Agreement applicable to payments received by the Agent in respect of the Obligations (and the Company hereby consents to such distributions).
Appears in 3 contracts
Samples: Term Loan Agreement (Consumers Energy Co), Term Loan Agreement (Panhandle Eastern Pipe Line Co), Term Loan Agreement (Consumers Energy Co)
Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be deemed to be and treated in all respects as payments of on the Obligations, and such payments shall be distributed by the Agent to the Banks in accordance with the provisions of the Credit Loan Agreement applicable to payments received by the Agent in respect of the Obligations (and the Company hereby consents to such distributions).
Appears in 1 contract
Samples: Term Loan Agreement (Panhandle Eastern Pipe Line Co)
Payments on the Bonds. Any payments received by the Agent on account of the principal of or interest on the Bonds shall be deemed to be and treated in all respects as payments of Obligations constituting principal of the Loans, Reimbursement Obligations, interest and/or fees payable under the Credit Agreement, and such payments shall be distributed by the Agent to the Banks in accordance with the provisions of the Credit Agreement applicable to payments received by the Agent in respect of the such Obligations (and the Company hereby consents to such distributions).
Appears in 1 contract
