Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided, each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks.
Appears in 4 contracts
Samples: Loan Agreement (Gristedes Foods Inc), Loan Agreement (Hirsch International Corp), Loan Agreement (Hirsch International Corp)
Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided, each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period Period, if any, shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period Period, if any, pro rata in accordance with the respective unpaid principal amounts of for such Loans of such Interest Period held by such Banks.
Appears in 2 contracts
Samples: Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Equipment Co Inc)
