Common use of Pro Rata Advances Clause in Contracts

Pro Rata Advances. Subject to Sections 3.4, 3.9, 7.2 7.4, 11.1(d) and 21.18 all Advances made by the Lenders will be made in accordance with each Lender's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

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Pro Rata Advances. Subject to Sections 3.46.1, 3.96.2, 7.2 7.46.3 and 6.4, 11.1(d) and 21.18 all Advances made by the Lenders will be made in accordance with each Participating Lender's ’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit FacilityFacilities.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

Pro Rata Advances. Subject to Sections 3.43.5, 3.93.10, 7.2 7.2, 7.3, 7.4, 11.1(d) and 21.18 21.17 all Advances made by the Lenders will be made in accordance with each Lender's ’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Penn West Petroleum Ltd.)

Pro Rata Advances. Subject to Sections 3.4, 3.9, 7.2 7.2, 7.4, 11.1(d) and 21.18 all Advances made by the Lenders will be made in accordance with each Lender's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

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Pro Rata Advances. Subject to Sections 3.42.3, 3.92.8(b), 7.2 7.46.3, 11.1(d) 6.4, and 21.18 6.5, all Advances made by the Lenders under a Credit Facility will be made in accordance with each Lender's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders Advance under the such Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

Pro Rata Advances. Subject to Sections 3.46.1, 3.96.2, 7.2 7.46.3, 11.1(d6.4, 9.4(a) and 21.18 10.6, all Advances made by the Lenders will be made in accordance with each Participating Lender's ’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit FacilityFacilities.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

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