Common use of Borrowings Pro Rata Clause in Contracts

Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving A Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving A Facility Percentage of the amount of any Revolving A Borrowing or Letter of Credit in effect on the date the applicable Revolving A Borrowing is to be made or the Letter of Credit is to be issued, (ii) all Revolving B Loans shall be made on a pro rata basis based upon each Lender’s Revolving B Facility Percentage of the amount of such Revolving B Borrowing, and (iii) all Term Loans shall be made by the Lenders having Term Commitments pro rata on the basis of their respective Term Commitments.”

Appears in 1 contract

Samples: Credit Agreement (Ico Inc)

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Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving A Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving A Facility Percentage of the amount of any such Revolving A Borrowing or Letter of Credit in effect on the date the applicable Revolving A Borrowing is to be made or the Letter of Credit is to be issued, ; (ii) all Revolving B Loans shall be made on a pro rata basis based upon each Lender’s Revolving B Facility Percentage of the amount of such Revolving B Borrowing, and (iii) all Initial Term Loans shall be made by the Lenders having Initial Term Commitments pro rata on the basis of their respective Initial Term Commitments and (iii) all Extended Term Loans shall be made by the Lenders having Extended Term Loan Commitments pro rata on the basis of their respective Extended Term Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Patheon Inc)

Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving A Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving A Facility Percentage of the amount of any such Revolving A Borrowing or Letter of Credit in effect on the date the applicable Revolving A Borrowing is to be made or the Letter of Credit is to be issued, ; (ii) all Revolving B Loans shall be made on a pro rata basis based upon each Lender’s Revolving B Facility Percentage of the amount of such Revolving B Borrowing, and (iii) all Initial Term Loans shall be made by the Lenders having Initial Term Commitments pro rata on the basis of their respective Initial Term Commitments and (iii) all Extended Term Loans shall be made by the Lenders having Extended Term Loan Commitments pro rata on the basis of their respective Extended Term Commitments.

Appears in 1 contract

Samples: Credit Agreement (American Dental Partners Inc)

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Borrowings Pro Rata. Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: all (i) all Revolving A Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving A Facility Percentage of the amount of any such Revolving A Borrowing or Letter of Credit in effect on the date the applicable Revolving A Borrowing is to be made or the Letter of Credit is to be issued, (ii) all Revolving B Loans shall be made on a pro rata basis based upon each Lender’s Revolving B Facility Percentage of the amount of such Revolving B Borrowing, and (iii) all Initial Term Loans shall be made by the Lenders having Initial Term Commitments pro rata on the basis of their respective Initial Term Commitments, and (iii) all Incremental Term Loans shall be made by the Lenders having Incremental Term Loan Commitments pro rata on the basis of their respective Incremental Term Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Kona Grill Inc)

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