Pro Rata Treatment; Application. Upon receipt by Administrative Agent of each payment from Borrower hereunder, other than as described in the succeeding sentence, Administrative Agent shall promptly (but in no event later than 11:00 a.m. (Denver time) on the next succeeding Business Day) wire transfer in immediately available funds to each Lender's account its Pro Rata Share of such payment in accordance with such Lender's Pro Rata Share. Each payment to Administrative Agent of its fees shall be made in like manner, but for the account of Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (D&e Communications Inc), Credit Agreement (D&e Communications Inc)
Pro Rata Treatment; Application. Upon receipt by Administrative Agent of each payment from Borrower hereunder, other than as described in the succeeding sentence, Administrative Agent shall promptly (but in no event later than 11:00 a.m. (Denver Denver, Colorado time) on the next succeeding Business Day) wire transfer in immediately available funds to each Lender's ’s account its Pro Rata Share of such payment in accordance with such Lender's ’s Pro Rata Share. Each payment to Administrative Agent of its fees shall be made in like manner, but for the account of Administrative Agent.
Appears in 2 contracts
Samples: Credit Agreement (D&e Communications Inc), Credit Agreement (D&e Communications Inc)
Pro Rata Treatment; Application. Upon receipt by Administrative Agent of each payment from Borrower Borrowers hereunder, other than as described in the succeeding sentence, Administrative Agent shall promptly (but in no event later than 11:00 a.m. (Denver time) on the next succeeding Business Day) wire transfer in immediately available funds to each Lender's account its Pro Rata Share of such payment in accordance with such Lender's Pro Rata Share. Each payment to Administrative Agent of its fees shall be made in like manner, but for the account of Administrative Agent.
Appears in 1 contract
