Multiple Lenders. If an Event of Default occurs with regards to a Borrower with multiple Lenders, the Borrower will not make or permit any payment or prepayment of any Loans owing by Borrower unless Borrower concurrently makes a pro-rata payment or prepayment of all loans owing by Borrower.
Appears in 20 contracts
Sources: Interfund Lending Agreement (Principal Variable Contracts Funds Inc), Interfund Lending Agreement (Principal Funds, Inc.), Interfund Lending Agreement (Principal Funds, Inc.)