Common use of Pro Rata Treatment of Lenders Clause in Contracts

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest, Commitment Fees and Letter of Credit Fees (but excluding the Administrative Agent’s Fee and the Issuing Lender’s fronting fee) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(c) in the case of an event specified in Section 4.4, 5.8 or 5.13) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal, interest, Commitment Fees and Letter of Credit Fees, as specified in this Agreement. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrower of principal, interest, fees or other amounts from the Borrower with respect to Swingline Loans shall be made by or to the Swingline Loan Lender according to Section 2.6.(e).

Appears in 2 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

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Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the a Borrower with respect to principalprincipal or interest on the Revolving Credit Loans or Commitment Fees, interestFacility Fees, Commitment Fees and Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s 's Fee and the Issuing Lender’s fronting feeOptional Currency Loan Processing Fee) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(c) Section 3.4.3 in the case of an event specified in Section 4.43.4, 5.8 4.4.2 or 5.134.6) be payable ratably among made in proportion to the Lenders entitled applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to such payment in accordance with the amount Ratable Share of principal, interest, Commitment Fees and Letter of Credit Fees, as specified in this Agreementeach Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the a Borrower of principal, interest, fees or other amounts from the Borrower with respect to Swingline Swing Loans shall be made by or to the Swingline Loan Lender PNC Bank according to Section 2.6.(e)2.

Appears in 2 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower Borrowers with respect to principal, interest, Commitment Fees and Fees, Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s Fee and the Issuing Lender’s fronting feefee for Letters of Credit referred to in Section 2.9.2) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(c) Section 3.4.3 in the case of an event specified in Section 4.4Sections 3.4, 5.8 4.4.2 or 5.134.8) be payable ratably among made in proportion to the Lenders entitled applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to such payment in accordance with the amount of principal, interest, Commitment Fees and Letter of Credit FeesRatable Share, as specified in this Agreementapplicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrower Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swingline Swing Loans shall be made by or to the Swingline Loan Lender according to Section 2.6.(e)PNC.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest, Commitment Fees and Utilization Fees, Facility Fees, Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s Fee and or fronting or other administrative or similar fees of an Issuing Bank) or amounts due from the Issuing Lender’s fronting fee) Borrower hereunder to the Lenders with respect to the Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(cSection 3.04(c) [Agent’s and Lender’s Rights] in the case of an event specified in Section 4.43.04 [LIBOR Unascertainable; Etc.], 5.8 Section 4.04(b) [Replacement of a Lender] or 5.13Section 4.06 [Additional Compensation in Certain Circumstances]) be payable ratably among made in proportion to the Lenders entitled applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to such payment in accordance with the amount Ratable Share of principal, interest, Commitment Fees and Letter of Credit Fees, as specified in this Agreementeach Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrower of principal, interest, fees or other amounts from the Borrower with respect to Swingline Swing Loans shall be made by or to the Swingline Swing Loan Lender Bank according to Section 2.6.(e)Article II.

Appears in 1 contract

Samples: Credit Agreement (Too, Inc.)

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans and Term Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option with respect to each Revolving Credit Loan, and each renewal of an Interest Period with respect to the Term Loans, and each payment or prepayment by the Borrower Borrowers with respect to principal, interest, Commitment Fees and Fees, Term Loan Commitment Fees, Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s Fee and the Issuing Lender’s fronting feefee for Letters of Credit referred to in Section 2.9.2) shall (except as otherwise may be provided or amounts due from the Borrowers hereunder to the Lenders with respect to a Defaulting the Loans, shall be made in proportion to the applicable Loans outstanding from each Lender and except as provided and, if no such Loans are then outstanding, in Sections 4.4(c) in proportion to the case of an event specified in Section 4.4, 5.8 or 5.13) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal, interest, Commitment Fees and Letter of Credit FeesRatable Share, as specified in this Agreementapplicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrower Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swingline Swing Loans shall be made by or to the Swingline Loan Lender according to Section 2.6.(e)PNC.

Appears in 1 contract

Samples: Fourth Restatement Agreement (Glatfelter Corp)

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Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the any Borrower with respect to principal, interest, Commitment Fees and Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s Fee Fee) or amounts due from any Borrower hereunder to the Lenders with respect to the Commitments and the Issuing Lender’s fronting fee) Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(c) Section 3.4.3 in the case of an event specified in Section 4.43.4, 5.8 4.6.2 or 5.134.7) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal, interest, Commitment Fees and Letter of Credit Fees, and other fees or amounts then due or payable such Lenders as specified set forth in this Agreement. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the any Borrower of principal, interest, fees or other amounts from the such Borrower with respect to Swingline Swing Loans shall be made by or to the Swingline Loan Swing Lender according to Section 2.6.(e)2.5.5.

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender according to its Ratable Share, and each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower Borrowers with respect to principal, interest, Commitment Fees and Fees, Letter of Credit Fees Fees, or other fees (but excluding except for the Administrative Agent’s Fee and the Issuing Lender’s fronting feefee for Letters of Credit referred to in Section 2.9.2) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(c) Section 3.4.4 in the case of an event specified in Section 4.4Sections 3.4, 5.8 4.4.2 or 5.134.8) be payable ratably among made in proportion to the Lenders entitled applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to such payment in accordance with the amount of principal, interest, Commitment Fees and Letter of Credit FeesRatable Share, as specified in this Agreementapplicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the Borrower Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swingline Swing Loans shall be made by or to the Swingline Loan Lender according to Section 2.6.(e)PNC.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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