Common use of Payments Pro Rata Clause in Contracts

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit Party, it shall distribute such payment to the Banks pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepayments.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of Borrower or any Credit Party Subsidiary in respect of any Obligations of such Credit PartyBorrower or any Subsidiary hereunder, if it shall distribute such payment to the Banks (other than any Bank that has expressly waived its right to receive its pro rata share thereof) pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit PartyParty hereunder, it shall distribute such payment to the Banks pro rata (other than any Bank that has expressly waived its right to receive its PRO RATA share thereof) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party the Borrower in respect of any Obligations of such Credit Partyhereunder, it shall distribute such payment to the Banks pro rata PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit PartyParty hereunder, it shall distribute such payment to the Banks Lenders (other than any Lender that has expressly waived its right to receive its pro rata share thereof) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit Party, it shall distribute such payment to the Banks pro rata (other than any Bank that has consented in writing to waive its PRO RATA share of any such payment) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of Borrower or any Credit Party Subsidiary in respect of any Obligations of such Credit PartyBorrower or any Subsidiary hereunder, it shall distribute such payment to the Banks (other than any Bank that has expressly waived its right to receive its pro rata share thereof) pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit Party, it shall distribute such payment to the Banks Lenders (other than any Lender that has expressly waived its right to receive its pro rata share thereof) pro rata based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit PartyParty hereunder, it shall distribute such payment to the Banks Lenders (other than any Lender that has expressly waived its right to receive its pro rata share thereof) PRO RATA -109- based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit PartyParty hereunder, it shall distribute such payment to the Banks Lenders (other than any Lender that has expressly waived its right to receive its pro rata share thereof) based upon their respective ratable shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.

Payments Pro Rata. (a) The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of any Credit Party in respect of any Obligations of such Credit PartyParty hereunder, it shall distribute such payment to the Banks (other than any Bank that has expressly waived its right to receive its pro rata share thereof) PRO RATA based upon their respective shares, if any, of the Obligations with respect to which such payment was received and in accordance with the provisions hereof as to the application of prepaymentsreceived.