Common use of Pro Rata Advances Clause in Contracts

Pro Rata Advances. All Advances under this Agreement shall be incurred from the Banks pro rata, on the basis of their respective Commitments. It is understood that no Bank shall be responsible for any default by any other Bank in its obligation to make Loans hereunder and that each Bank shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Bank to fulfill its commitments hereunder.

Appears in 9 contracts

Samples: Credit Agreement (Apple Orthodontix Inc), Credit Agreement (Group Maintenance America Corp), Credit Agreement (Comfort Systems Usa Inc)

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