Common use of Pro Rata Borrowings Clause in Contracts

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Atc Group Services Inc /De/), Credit Agreement (Chancellor Radio Broadcasting Co), Credit Agreement (Chancellor Broadcasting Co /De/)

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

Appears in 4 contracts

Samples: Credit Agreement (Nutraceutical International Corp), Credit Agreement (Nutraceutical International Corp), Credit Agreement (Nutraceutical International Corp)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks pro rata on the basis of their A Term Loan Commitments, B Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Styling Technology Corp), Securities Pledge Agreement (Carson Inc), Securities Pledge Agreement (Carson Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred made from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Ametek Inc/), Credit Agreement (Ametek Inc/), Credit Agreement (Ametek Inc/)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks Lenders pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank Lender shall be responsible for any default by any other Bank Lender of its obligation to make Revolving Loans hereunder and that each Bank Lender shall be obligated to make the Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Bank Lender to make fulfill its Loans commitments hereunder.

Appears in 3 contracts

Samples: Reducing Revolving Credit Agreement (Di Industries Inc), Loan Agreement (Grey Wolf Inc), Secured Revolving Credit Agreement (Di Industries Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans comprising a Borrowing under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp), Credit Agreement (Inacom Corp)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from the Banks pro rata on the basis of their respective C Term Loan Commitments, Acquisition Loan Commitments, A Revolving Loan Commitments or B Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Loans hereunder and that each Bank shall be obligated to make the Loans provided to be made by it hereunder, hereunder regardless of the failure of any other Bank to make its Loans hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Hq Global Holdings Inc), Credit Agreement (Frontline Capital Group)

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

Appears in 2 contracts

Samples: Credit Agreement (Physicians Quality Care Inc), Credit Agreement (Nutraceutical International Corp)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks Lenders pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank No Lender shall be responsible for any default by any other Bank of Lender in its obligation to make Loans hereunder and that each Bank Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Bank Lender to fulfill its Revolving Commitment or make its Revolving Loans hereunder.

Appears in 2 contracts

Samples: And Restatement Agreement (BMC Industries Inc/Mn/), Credit Agreement (BMC Industries Inc/Mn/)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred by the Borrower from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan such Banks’ Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Amerus Group Co/Ia), Credit Agreement (Amerus Group Co/Ia)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred made from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as provided that all Mandatory Borrowings shall be made from the case may beBanks pro rata on the basis of their Adjusted Percentages. It is understood that no Bank shall be responsible for any default by any other Bank of in its obligation to make or support Loans hereunder and that each Bank shall be obligated to make or support the Loans provided to be made or supported by it hereunder, regardless of the failure of any other Bank to make fulfill its Loans commitments hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Pueblo Xtra International Inc), Pledge Agreement (Pueblo Xtra International Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Urohealth Systems Inc), Credit Agreement (Wells Aluminum Corp)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this ------------------- Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan --- ---- Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Loans hereunder and that each Bank shall be obligated to make the Loans provided to be made by it hereunder, hereunder regardless of the failure of any other Bank to make its Loans hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Wireless Facilities Inc), Credit Agreement (Wireless Facilities Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Therma Wave Inc), Credit Agreement (Therma Wave Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under ------------------- this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan --- ---- Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation obli gation 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 make fulfill its Loans commit ments hereunder.

Appears in 1 contract

Samples: Credit Agreement (U S a Floral Products Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans (other than Swingline Loans) under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Labtec Inc /Ma)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Western Empire Publications Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this ------------------- Agreement shall be incurred from made by the Banks pro rata on the basis of their B Term Loan --- ---- Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ocih LLC)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under ------------------- this Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or --- ---- Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Chartwell Leisure Inc)

Pro Rata Borrowings. All Borrowings of Term Revolving Loans and Revolving Term Loans under this Agreement shall be incurred from made by the Banks Lenders pro rata on the basis of their Term Revolving Loan Commitments or Revolving Term Loan Commitments, as the case may berespectively. It is understood that no Bank Lender shall be responsible for any default by any other Bank Lender of its obligation to make Loans hereunder and that each Bank Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Bank Lender to make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: American Pad & Paper Co

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this the Credit Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Trenwick Group LTD)

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

Appears in 1 contract

Samples: Credit Agreement (Wesley Jessen Visioncare Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall ------------------- be incurred from loaned by the Banks pro rata on the basis of their Revolving Loan Commitment -------- or Acquisition Term Loan Commitments or Revolving Loan CommitmentsCommitment, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Carson Products Co)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Revolving Loans hereunder and that each Bank shall be obligated to make the Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Bank to make its Revolving Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Vegeterian Times Inc)

Pro Rata Borrowings. All Borrowings of Term Revolving Loans and Revolving Term Loans under this Agreement shall be incurred from the Banks pro rata on the basis of their respective Revolving Loan Commitments and Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Loans hereunder under this Agreement and that each Bank shall be obligated to make the Loans provided to be made by it hereunder, under this Agreement regardless of the failure of any other Bank to make its Loans hereunderunder this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Apria Healthcare Group Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Securities Pledge Agreement (American Telecasting Inc/De/)

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Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (About, Inc.)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan respective Commitments, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans Commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ensco International Inc)

Pro Rata Borrowings. All Borrowings of Term Loans (other than ------------------- Swingline Loans and Multi-Currency Revolving Loans Loans) under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, --- ---- as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Modus Media International Holdings Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Trenwick Group Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Fremont General Corp)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that 12 no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Agreement (Superior National Insurance Group Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under ------------------- this Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or --- ---- Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Revolving Loans hereunder and that each Bank shall be obligated to make the Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Bank to make its Revolving Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Learning Systems Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Chartwell Leisure Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this ------------------- Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan --- ---- Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make its Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred ------------------- made from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is --- ---- understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this ------------------- Agreement shall be incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan --- ---- respective Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make respective Loans hereunder and that each Bank shall be obligated to make the respective Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Bank to make its Revolving Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nicholas Applegate Fund Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from loaned by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitments, as the case may be. It is understood that no No Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Wheels Sports Group Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be ------------------- incurred from the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan respective Commitments, as the case may be. --- ---- It is understood that no Bank shall be responsible for any default by any other Bank of its obligation to make Revolving Loans hereunder and that each Bank shall be obligated to make the Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Bank to make its Revolving Loans hereunder.

Appears in 1 contract

Samples: Security Agreement (Extended Stay America Inc)

Pro Rata Borrowings. All Borrowings of Term Loans and Revolving Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or and Revolving Loan Commitments, as the case may be. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Universal American Financial Corp)

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

Appears in 1 contract

Samples: Credit Agreement (McMS Inc)

Pro Rata Borrowings. (a) All Borrowings of Term Loans and Revolving Credit Loans under this Agreement shall be incurred from made by the Banks pro rata on the basis of their Term Loan Commitments or Revolving Loan Commitmentscomputed independently of, as and without regard to, the case may beSwing Line Commitment. It is understood that no Bank shall be responsible for any default by any other Bank of 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 make fulfill its Loans commitments hereunder.

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Holley Performance Products Inc)

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