Examples of Pro Rata Note in a sentence
Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to the Administrative Agent) to the effect that a Pro Rata Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata Note payable to such Lender (or its registered assigns) in a principal amount up to the Commitment of such Lender.
Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, the Administrative Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Mondelēz.
Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to the Administrative Agent) to the effect that a Pro Rata Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata Note payable to the order of such Lender in a principal amount up to the Commitment of such Lender.
Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to JPMCB, as Administrative Agent) to the effect that a Pro Rata Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Pro Rata Advances owing to, or to be made by, such Lender, promptly execute and deliver to such Lender a Pro Rata Note payable to the order of such Lender in a principal amount up to the Commitment of such Lender.
Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Pro Rata Note or Notes subject to such assignment, JPMCB, as Administrative Agent, shall, if such Assignment and Acceptance has been completed and is in substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to Altria.
The Borrower agrees that it will, upon the request of any Lender through JPMorgan Chase, as Administrative Agent, issue a new Pro Rata Note in favor of such Lender reflecting the extended maturity date, in exchange for the Pro Rata Note held by such Lender, which shall be promptly returned to the Borrower and marked "cancelled".
LLC Investors will not be reduced to their Pro Rata Note amount, and purchasers of the Convertible Notes will not become equity holders in Acquisitions.
The agreement consisted of both Pro Rata Notes and a Super Pro Rata Note.
The amounts of the $40 Million Notes issued to an Investor, identified on Investor Exhibit-2, are the original amounts, and do not take into consideration, such adjustments as distributions, withdrawals, buybacks, or other changes to the Pro Rata Note issued to the Investor, made subsequent to the time of the initial issuance.
The following entities holding claims that would otherwise be subject to the Bar Dates need not file Claim/Interest Forms: 6 Notwithstanding anything to the contrary herein, to the extent that any Investor/Noteholder wishes to assert a claim separate from their initial equity interest in the 13 LLCs, the Pro Rata Note, and/or the Convertible Note, such Investor/Noteholder will be required to submit an appropriate General Claim Form (as such term is defend herein).