PAYMENT CONSTITUTING RATABLE PORTION Sample Clauses

PAYMENT CONSTITUTING RATABLE PORTION. If such Bank pays to the Administrative Agent or the applicable Designated European Administrative Agent, as the case may be, the Bank's Ratable Portion of such Revolving Credit Borrowing, Term Borrowing or participation purchase price for its participating interests hereunder prior to repayment of such amount by the applicable Borrower, the amount so repaid shall constitute such Bank's Ratable Portion of such Revolving Credit Borrowing, Term Borrowing or participation purchase price for its participating interest. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Section 2.3, 2.7(j), 2.12(f), 2.7(k) or 2.12(f) hereof, as the case may be. In such circumstances, such Borrower shall have no further obligation to make the payment required by this Section.

PAYMENT CONSTITUTING RATABLE PORTION. If any such Revolving Credit Lender pays to the Administrative Agent such Revolving Credit Lender's Ratable Portion of such Revolving Credit Borrowing or such Revolving Credit Lender's participation purchase price, as the case may be, or any Term B Lender pays to the Administrative Agent such Term B Lender's funds for its Term B Loan, prior to repayment of such amount by the Borrower, the amount so repaid shall constitute such Revolving Credit Lender's Ratable Portion of such Revolving Credit Borrowing or participation purchase price or such Term B Lender's Term B Loan, as the case may be. In such circumstances, the Borrower shall have no further obligation to make the payment required by this Section. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Sections 2.4 and 2.11(f) hereof, as the case may be.