Common use of Participation of the Lenders in Advances Clause in Contracts

Participation of the Lenders in Advances. 3.5.1 Each Lender will contribute to each Advance made hereunder in the proportion to which its Commitment bears to the total Commitments of all the Lenders at the relevant time.

Appears in 5 contracts

Samples: Account Pledge Agreement, Mercer International Inc., Account Pledge Agreement (Mercer International Inc.)

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Participation of the Lenders in Advances. 3.5.1 Each Lender will contribute to each Advance made hereunder in the proportion to which of its Commitment bears to the total Commitments of all the Lenders at the relevant time.

Appears in 2 contracts

Samples: Letter Of (Mercer International Inc.), Mercer International Inc.

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