Common use of Pro Rata Shares Clause in Contracts

Pro Rata Shares. Subject to the rights of any Class A Revolving Conduit Lender to elect to fund or not fund a Class A Revolving Loan as described in Section 2.1, all Loans of each Class shall be made by Class A Lender Groups or Class B Revolving Lenders, as applicable, 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 any Revolving 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 5 contracts

Samples: Credit Agreement (On Deck Capital, Inc.), Credit Agreement (On Deck Capital, Inc.), Credit Agreement (On Deck Capital Inc)

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Pro Rata Shares. Subject to the rights of any Class A Revolving Conduit Lender to elect to fund or not fund a Class A Revolving Loan as described in Section 2.1Loan, all Loans of each Class shall be made by Class A Lender Groups Revolving Lenders or Class B Revolving Lenders, as applicable, 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 any Revolving 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 1 contract

Samples: Credit Agreement (CURO Group Holdings Corp.)

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Pro Rata Shares. Subject to the rights of any Class A Revolving Conduit Lender to elect to fund or not fund a Class A Revolving Loan as described in Section 2.1Loan, all Loans of each Class shall be made by Class A Lender Groups Revolving Lenders or Class B Revolving Lenders, as applicable, simultaneously and proportionately to their respective Pro Rata Shares, it being understood that that, other than as expressly provided in this Agreement with respect to Class A Revolving Committed Lenders which are in the same Class A Lender Group as Class A Revolving Conduit Lenders, 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 any Revolving 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.. 2.3

Appears in 1 contract

Samples: Credit Agreement (CURO Group Holdings Corp.)

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