Pro Rata Shares Availability of Funds. (a) All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Loan requested hereunder nor shall the Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Loan requested hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Allegiance Telecom Inc), Credit and Guaranty Agreement (Allegiance Telecom Inc), Credit Agreement (Allegiance Telecom Inc)
Pro Rata Shares Availability of Funds. (a) All Term Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's ’s obligation to make a Term Loan requested hereunder nor shall the any Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's ’s obligation to make a Term Loan requested hereunder.
Appears in 2 contracts
Samples: Counterpart Agreement (Isola Group Ltd.), Counterpart Agreement (Isola Group Ltd.)
Pro Rata Shares Availability of Funds. (a) All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall the Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Loan requested hereunderhereunder or purchase a participation required hereby.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Convergent Communications Inc /Co)