Liabilities of Borrowers. Each Borrower shall be liable for its pro rata share of each payment to be made by the Borrowers under subsections (a) and (b) above, such pro rata share to be determined on the basis of such Borrower’s Fraction; provided, however, that if and to the extent that any such liabilities are reasonably determined by the Borrowers (subject to the approval of the Administrative Agent which approval shall not be unreasonably withheld) to be directly attributable to Advances made to a specific Borrower, only such Borrower shall be liable for such payments.
Appears in 3 contracts
Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement, Credit Agreement (Western Massachusetts Electric Co)
Liabilities of Borrowers. Each Borrower shall be liable for its pro rata share of each payment to be made by the Borrowers under subsections (a) and (b) aboveof this Section 4.03, such pro rata share to be determined on the basis of such Borrower’s 's Fraction; provided, however, that if and to the extent that any such liabilities are reasonably determined by the Borrowers (subject to the approval of the Administrative Agent which approval shall not be unreasonably withheld) to be directly attributable to Advances made to a specific Borrower, only such Borrower shall be liable for such payments.
Appears in 3 contracts
Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)
Liabilities of Borrowers. Each Borrower shall be liable for its pro rata share of each payment to be made by the Borrowers under subsections (a) and (b) aboveof this Section 4.03, such pro rata share to be determined on the basis of such Borrower’s 's Fraction; provided, however, that if and to the extent that any such liabilities are reasonably determined by the Borrowers (subject to the approval of the Administrative Agent which approval shall not be unreasonably withheld) to be directly attributable to Advances made to a specific Borrower, only such Borrower shall be liable for such payments. .
Appears in 1 contract
