Common use of Ratable Advances Clause in Contracts

Ratable Advances. Each Ratable Advance hereunder shall consist of borrowings made from the several Lenders in their respective Ratable Shares thereof. The aggregate outstanding amount of Competitive Bid Advances shall reduce the availability of Advances as provided in Section 2.1.2 (a) but shall not otherwise affect the obligations of the Lenders to make Ratable Advances, and (without limitation of the foregoing) no Competitive Bid Loan shall reduce the obligation of the Lender making such Competitive Bid Loan to lend its Ratable Share of any future Ratable Advances.