Common use of Payments Pro Rata Clause in Contracts

Payments Pro Rata. Except as otherwise provided in this Agreement, the Facility Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 18 contracts

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

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Payments Pro Rata. Except as otherwise provided in this Agreement, the Facility The Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower any Credit Party in respect of any Obligations of such Credit Document Obligations hereunderParty, it shall shall, except as otherwise provided in this Agreement, distribute such payment to the Lenders (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 3 contracts

Samples: First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp), Term Loan Credit Agreement (Performance Sports Group Ltd.), Credit Agreement (Dole Food Company Inc)

Payments Pro Rata. Except as otherwise provided in this Agreement, the Facility Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunderof such Borrower, it shall shall, except as otherwise provided in this Agreement, distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its pro rata share of any such payment) pro rata based upon their respective sharesPro Rata Shares, if any, of the Credit Document Obligations with respect to which such payment was received.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Cardlytics, Inc.)

Payments Pro Rata. Except as otherwise provided in this Agreement, the Facility Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders Banks (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 1 contract

Samples: Credit Agreement (Eldertrust)

Payments Pro Rata. Except as otherwise provided in this Agreement, the Facility Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 1 contract

Samples: Credit Agreement (Centerpoint Energy Inc)

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Payments Pro Rata. (a) Except as otherwise provided in this Agreement, the Facility Managing Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders Banks (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 1 contract

Samples: Credit Agreement (Chancellor Broadcasting Co /De/)

Payments Pro Rata. Except as otherwise provided in this ----------------- Agreement, the Facility Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower or any Subordinated Guarantor in respect of any Credit Document Obligations hereunder, it shall distribute such payment to the Lenders (other than any Lender 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 Credit Document Obligations with respect to which such payment was received.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Physician Health Corp)

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