Payments Received. All payments received by the Collateral Agent shall be applied towards payment of the relevant Parallel Debt, whereupon the Collateral Agent shall distribute such amounts to the Secured Parties who are creditors in accordance with the terms of this Agreement.
Appears in 4 contracts
Samples: Credit Agreement (BALL Corp), Credit Agreement (Ball Corp), Credit Agreement (Ball Corp)
Payments Received. All payments received by the Collateral Agent shall be applied towards payment of the relevant Parallel Debt, whereupon the Collateral Agent shall distribute such amounts to the Secured Parties who are creditors in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Hudson Highland Group Inc)
