Pro Rata Loans. Each Loan shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to consist of a Loan by each Lender equal to such Lender’s Proportionate Share of such Borrowing.
Pro Rata Loans. All Construction Loans shall be made on a pro rata basis by the Banks and the Lender Groups in accordance with their respective Proportionate Shares of such Construction Loans, with each Borrowing to consist of a Construction Loan by each Bank and each Lender Group equal to such Bank's and such Lender Group's Proportionate Share of such Borrowing. All Loans other than Construction Loans shall be made on a pro rata basis by the Banks in accordance with their respective Proportionate Shares of such Loans, with each Borrowing to consist of a Loan by each Bank equal to such Bank's Proportionate Share of such Borrowing.
Pro Rata Loans. Each Lender agrees, for itself only, subject to the terms and conditions of this Agreement, to make Loans denominated in U.S. Dollars and Pro Rata Foreign Currency Loans to the Company and the Pro Rata Borrowers and to participate in U.S. Dollar Facility Letters of Credit, U.S. Dollar Swing Loans, Pro Rata Foreign Currency Letters of Credit and Pro Rata Foreign Currency Swing Loans, from time to time from and including the Effective Date to but excluding the Facility Termination Date, not to exceed in aggregate principal amount at any time outstanding the amount determined pursuant to Section 2.1(c). U.S. Loans to the Company or any portion thereof, at the Company’s option, may be Floating Rate Loans or Eurodollar Loans or any combination thereof subject to the terms hereof. Loans to any Pro Rata Borrowers and Loans in any Agreed Pro Rata Foreign Currency (other than U.S. Dollars to the Company or the Canadian Borrower) shall be Eurocurrency Loans, subject to the terms hereof. Loans denominated in U.S. Dollars to the Canadian Borrower or any portion thereof, at the Canadian Borrower’s option, may be Floating Rate Loans or Eurocurrency Loans or any combination thereof subject to the terms hereof.
Pro Rata Loans. Each Lender agrees, for itself only, subject to the terms and conditions of this Agreement, to make U.S. Dollar Loans to the Company and Pro Rata Foreign Currency Loans to the Company and the Pro Rata Borrowers and to participate in U.S. Dollar Facility Letters of Credit, U.S. Dollar Swing Loans, Pro Rata Foreign Currency Letters of Credit and Pro Rata Foreign Currency Swing Loans, from time to time from and including the Effective Date to but excluding the Facility Termination Date, not to exceed in aggregate principal amount at any time outstanding the amount determined pursuant to Section 2.1(c). U.S. Dollar Loans or any portion thereof, at the Company's option, may be Floating Rate Loans or Eurodollar Loans or any combination thereof subject to the terms hereof. Pro Rata Foreign Currency Loans shall be Eurocurrency Loans, subject to the terms hereof. (b)
Pro Rata Loans. Each Lender hereby severally agrees, subject to the limitations set forth in subsection 2.1B with respect to the maximum amount of Pro Rata Loans permitted to be outstanding from time to time and subject to the other terms and conditions hereof, to lend to Borrowers, in Dollars and Offshore Currencies, from time to time, during the period from and including the Closing Date to but excluding the Commitment Termination Date, Pro Rata Loans in an aggregate Equivalent Amount in Dollars at any time outstanding not to exceed such Lender's Pro Rata Share of the Total Pro Rata Commitments then in effect. Each Lender's commitment to make Pro Rata Loans to Borrowers pursuant to this subsection 2.1A is herein called its "PRO RATA COMMITMENT." The initial amount of the Pro Rata Commitment of each Lender is set forth below such Lender's name on SCHEDULE 2.1 attached hereto. The amount of each Lender's Pro Rata Commitment shall be reduced by its respective Pro Rata Share of the amount of all reductions of the Total Pro Rata Commitments made through any date of determination pursuant to subsection 2.8. The initial aggregate amount of all Pro Rata Commitments is $250,000,000. Each Lender's Pro Rata Commitment shall expire on the Commitment Termination Date and all Pro Rata Loans and all other amounts owed hereunder with respect to the Pro Rata Loans of each Borrower shall be paid in full by such Borrower no later than that date. Except as otherwise provided in this Agreement, amounts borrowed by any Borrower under this subsection 2.1A may be repaid and, to but excluding the Commitment Termination Date, reborrowed by any Borrower. Pro Rata Loans made on any Funding Date shall be in an aggregate minimum amount of (i) $500,000 or any integral multiple of $100,000 in excess thereof, in the case of Base Rate Loans, (ii) $5,000,000 or any integral multiple of $1,000,000 in excess thereof, in the case of Offshore Rate Loans denominated in Dollars, and (iii) 1,000,000 units of the applicable Offshore Currency or any integral multiple of 500,000 units of the applicable Offshore Currency in excess thereof, in the case of Offshore Currency Loans.
Pro Rata Loans. Upon the terms and subject to the conditions of this Agreement, each Bank agrees to make, from time to time during the period from the Effective Date through the Tranche B Termination Date, Pro Rata Loans to the Company. The aggregate unpaid principal amount of all Tranche B Pro Rata Loans made by each Bank shall not exceed at any one time an amount equal to such Bank's Tranche B Commitment, and the aggregate unpaid principal amount of the Tranche B Loans at any one time outstanding shall not exceed the lesser of (i) the Aggregate Tranche B Commitments and (ii) the aggregate outstanding principal balance of all Tranche B Loans permitted to be outstanding hereunder after giving effect to the mandatory repayments required to be made under paragraph 2.6(b). Subject to the terms and conditions of this Agreement, the Tranche B Pro Rata Loans may, at the option of the Company, be made as, and from time to time continued as or converted into, Alternate Base Rate or Eurodollar Rate Loans of any permitted Type, or any combination thereof.
Pro Rata Loans. Except as provided in Section 9.12, all Loans, Cash Collateral Loans, DSRA LC Loans, the Energy Hedge LC Loans and Project Agreement LC Loans shall be made on a pro rata basis by the Lenders in accordance with their respective Proportionate Shares, with each Borrowing to be composed of a loan by each Lender equal to such Lender’s Proportionate Share of such Borrowing.
Pro Rata Loans. 18 2.2 Bid Rate Loans................................................................................21 2.3 [Reserved]....................................................................................24 2.4
Pro Rata Loans. Each Pro Rata Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Base Rate or the Offshore Rate, as the case may be; PROVIDED that Borrowers hereby agree and acknowledge that Pro Rata Loans made by Lenders on the Closing Date shall be denominated in Dollars, shall bear interest at the Offshore Rate PLUS the Applicable Offshore Rate Margin, and shall have an Interest Period of one month which shall terminate on the Initial Interest Period Termination Date. The applicable basis for determining the rate of interest with respect to any Pro Rata Loan shall be selected by the Applicable Borrower initially at the time a Notice of Pro Rata Borrowing is given with respect to such Pro Rata Loan. The basis for determining the interest rate with respect to any Pro Rata Loan may be changed from time to time pursuant to subsection 2.6D. If on any day a Pro Rata Loan is outstanding with respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Pro Rata Loan shall bear interest determined by reference to the Base Rate. Subject to subsection 2.6E, Pro Rata Loans shall bear interest through maturity (whether by acceleration or otherwise) at a per annum rate equal to the Base Rate in effect from time to time or at a per annum rate equal to the sum of the Offshore Rate for each Interest Period therefor PLUS the Applicable Offshore Rate Margin.
Pro Rata Loans. All Loans under this Agreement shall be loaned by the Lenders pro rata on the basis of their Tranche A/B Term Loan Commitments or Tranche C Term Loan Amounts, as the case may be. No Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder, and each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its Loan Amount hereunder.
