Required Share Clause Samples
Required Share. On such Settlement Date, each Lender shall pay to the Administrative Agent the amount equal to the difference between its Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and may at its option effect settlement on any other Business Day. These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.11 shall relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.1.2 [Swing Loan Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever require each Lender to pay immediately to the Administrative Agent such Lender's Ratable Share of the outstanding Revolving Credit Loans and each Lender may at any time require the Administrative Agent to pay immediately to such Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the Revolving Credit Loans.
Required Share. Pursuant to Section 2.2(a) of the Agreement, Suntech is required to purchase *** of Suntech’s then current solar wafer demand (measured in ▇▇▇▇▇), provided that MEMC Singapore can accommodate *** of Suntech’s actual then current solar wafer demand, all as further described in Section 2.2(a). MEMC Singapore hereby affirms that it can accommodate at least *** of Suntech’s actual then current solar wafer demand for at least the next 18 months after the date of this First Amendment. Pursuant to Section 1.3 of the First Amendment, Suntech agreed to certain minimum quarterly quantities of Wafers for Contract Year three (calendar year 2009) as was set forth on Attachment B-1 to the First Amendment.