Common use of Pro Rata Treatment of Lenders Clause in Contracts

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.2, Section 3.1 or Section 3.6) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

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Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and or interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.25.08, Section 3.1 5.09 or Section 3.65.10) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and principal, premium or interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.22.06, Section 3.1 2.07, 2.08, 2.09, 2.10, 5.08, 5.09 or Section 3.65.10) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal principal, premium and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and interest due from principal, interest, fees (but excluding the Borrower hereunder to the Lenders Administrative Agent’s fees) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.2, Section 3.1 2.13 [Replacement of a Lender] or Section 3.62.9 [Increased Costs]) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal principal, interest, and interest other fees or amounts then due or payable to such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Bond Purchase and Covenants Agreement (Vectren Utility Holdings Inc)

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Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and interest due from principal, interest, fees (but excluding the Borrower hereunder to the Lenders Administrative Agent's fees) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.2, Section 3.1 2.13 [Replacement of a Lender] or Section 3.62.9 [Increased Costs]) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal principal, interest, and interest other fees or amounts then due or payable such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Note Purchase and Covenants Agreement (Ipalco Enterprises, Inc.)

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