Common use of Participation by Lenders Clause in Contracts

Participation by Lenders. Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of each of the parties hereto contained herein or made pursuant hereto, on each Advance Date each Lender shall finance a portion of each Advance that is to be made by Certificate Trustee by making a secured loan to Certificate Trustee (in accordance with Certificate Trustee's payment instructions set forth on Schedule III) in an amount in immediately available funds on such Advance Date equal to such Lender's Commitment Percentage of such Advance and in the aggregate (including all prior Advances made by such Lender pursuant to the Operative Documents and all allocable Capitalized Interest) not more than its Commitment, each as set forth on Schedule II hereto; provided, however, that, if any Participant's Remaining Commitment shall be insufficient to fund such Participant's Commitment Percentage of a requested Advance, such insufficiency shall be funded by any other Participant or Participants that have a Remaining Commitment sufficient to fund such Participants' respective Commitment Percentages of such requested Advance as well as such insufficiency. Such Loans shall be evidenced by a Note (and attached grid or other appropriate documentation or records) Participation Agreement issued to each Lender under and repayable with interest in accordance with the terms of the Loan Agreement.