Common use of Competitive Borrowing Clause in Contracts

Competitive Borrowing. For purposes of determining the available Commitment of the Lenders at any time, each outstanding Competitive Borrowing shall be deemed to have utilized the Commitment (including those Lenders which shall not have made Loans as part of such Competitive Borrowing) in accordance with each Lender's Pro Rata Percentage of the Commitment. Each Lender agrees that in computing such Lender's portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender's percentage of such Borrowing to the next higher or lower whole dollar amount.