Pro Rata Treatment and Application of Payments. All payments (including prepayments) made by the Borrower to the Administrative Agent on account of principal of or interest on the RC Loans shall be made pro rata according to the outstanding principal amount of each Lender's RC
Appears in 5 contracts
Samples: Security Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/), Credit Agreement (American Radio Systems Corp /Ma/)