Common use of Pro Rata Loans Clause in Contracts

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.

Appears in 2 contracts

Sources: Loan Agreement (Myers Industries Inc), Loan Agreement (Myers Industries Inc)