Advances Pro Rata Clause Samples
The "Advances Pro Rata" clause establishes that any advances or disbursements made under an agreement are to be distributed among relevant parties in proportion to their respective shares or interests. In practice, this means that if multiple lenders or participants are involved, each will receive advances in accordance with their percentage of the total commitment, rather than on a first-come, first-served basis. This clause ensures fairness and consistency in the allocation of funds, preventing any single party from receiving a disproportionate share and thereby maintaining the intended balance of risk and benefit among all parties.
Advances Pro Rata. Each Class A Advance pursuant to Section 2.2(a), Class B Advance pursuant to Section 2.2(b) and Class C Advance pursuant to Section 2.2(c) may only be made if simultaneously HVF II effects a pro rata increase in each of the Class A Principal Amount, Class B Principal Amount and Class C Principal Amount.
Advances Pro Rata. Facility B Revolver Advances hereunder shall be made by the several Facility B Revolver Lenders ratably in accordance with their respective Facility B Revolver Pro Rata Shares.
Advances Pro Rata. Facility C Advances hereunder shall be made ratably by the several Facility C Lenders in accordance with their respective Facility C Pro Rata Shares (except for additional Facility C Loans made by a New Facility C Lender pursuant to Section 2.18).