Common use of Adjustment of Outstanding Loans Clause in Contracts

Adjustment of Outstanding Loans. If any Loans are outstanding under the Original Loan Agreement on the date hereof, the Banks shall on the date hereof, at the direction of the Agent, make appropriate adjustments among themselves in order to insure that the amount (and type) of the Loans outstanding to the Borrowers from each Bank under the Loan Agreement (as of the date hereof) are proportionate to the aggregate amount of all of the Revolving Credit Commitments, after giving effect to the increased amount of the Revolving Credit Commitments of certain of the Banks hereunder. The Borrowers agree and consent to the terms of this Section 1.2.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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Adjustment of Outstanding Loans. If any Loans are outstanding under the Original Loan Agreement on the date hereof, the Banks shall on the date hereof, at the direction of the Agent, make appropriate adjustments among themselves in order to insure that the amount (and type) of the Loans outstanding to the Borrowers from each Bank under the Loan Agreement (as of the date hereof) are proportionate to the aggregate amount of all of the Revolving Credit Commitments, after giving effect to the increased decreased amount of the Revolving Credit Commitments of certain of the Banks hereunderBanks. The Borrowers agree and consent to the terms of this Section 1.2.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

Adjustment of Outstanding Loans. If any Loans are outstanding under the Original Loan Agreement on the date hereof, the Banks shall on the date hereof, at the direction of the Agent, make appropriate adjustments among themselves in order to insure that the amount (and type) of the Loans outstanding to the Borrowers Borrower from each Bank under the Loan Agreement (as of the date hereof) are proportionate to the aggregate amount of all of the Revolving Credit Total Commitments, after giving effect to the increased amount additional Total Commitment of the Revolving Credit Commitments New Banks and the change of the amounts of the Total Commitment of certain of the Banks hereunderBanks. The Borrowers agree Borrower agrees and consent consents to the terms of this Section 1.2.

Appears in 1 contract

Samples: Loan Agreement (National Consumer Cooperative Bank /Dc/)

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Adjustment of Outstanding Loans. If any Loans are outstanding under the Original Loan Agreement on the date hereof, the Banks shall on the date hereof, at the direction of the Agent, make appropriate adjustments among themselves in order to insure that the amount (and type) of the Loans outstanding to the Borrowers from each Bank under the Loan Agreement (as of the date hereof) are proportionate to the aggregate amount of all of the Revolving Credit Commitments, after giving effect to the increased amount of the additional Revolving Credit Commitments of certain of the Banks hereunderNew Bank. The Borrowers agree and consent to the terms of this Section 1.2.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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