Pro Rata Obligations definition
Pro Rata Obligations means the Loans and the Letters of Credit.
Pro Rata Obligations means, with respect to a Purchaser, as of any date of determination, the percentage obtained by dividing (i) the outstanding principal amount owed on the Note(s) held by such Purchaser by (ii) the outstanding principal amount owed on the Notes held by all Purchasers.
Pro Rata Obligations means the Loans (including, from the Assumption Effective Date, the Assumed Term A Loans), the Letters of Credit and, prior to the Assumption Effective Date, the ▇▇▇▇▇▇ Term A Loans.
Examples of Pro Rata Obligations in a sentence
Sellers' Pro Rata Obligations.......................................
Except to the extent otherwise provided herein or in the Notes, (i) each payment or prepayment of principal of the Notes by the Issuer or any other Obligor shall be made for account of the Purchasers pro rata in accordance with their respective Pro Rata Obligations; and (ii) each payment of interest on the Notes by the Issuer or any other Obligor shall be made for account of the Purchasers pro rata in accordance with the their respective share of the interest outstanding on the Notes.