Common use of Pro Rata Shares Clause in Contracts

Pro Rata Shares. All Loans shall be made, and all participations purchased, by the applicable Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that (i) the failure of any Lender to fund any such Loan shall not relieve any other Lender of its obligation hereunder and (ii) no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment or any Revolving Credit Commitment or any Incremental Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

Appears in 5 contracts

Samples: First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.), First Lien Credit and Guaranty Agreement (Corsair Gaming, Inc.)

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Pro Rata Shares. All Term Loans shall be made, and all participations purchased, made by the applicable Term Loan Lenders simultaneously and proportionately to their respective Pro Rata Shares. All Revolving Loans and Swing Line Loans shall be made, it being understood that (i) the failure of any Lender and all participations purchased by Revolving Lenders simultaneously and proportionately to fund any such Loan shall not relieve any other Lender of its obligation hereunder and (ii) no their Pro Rata Shares. No Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan in respect of which such other Lender has a Commitment requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment or any Revolving Credit Commitment or any Incremental Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan in respect of which such other Lender has a Commitment requested hereunder or purchase a participation required hereby.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Atlantic Power Corp), Operations and Maintenance Agreement (Atlantic Power Corp)

Pro Rata Shares. All Loans shall be made, and all participations purchased, by the applicable Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that (i) the failure of any Lender to fund any such Loan shall not relieve any other Lender of its obligation hereunder and (ii) no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment or any Revolving Credit Commitment or any Incremental Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NRC Group Holdings Corp.)

Pro Rata Shares. All Loans shall be made, and all participations purchased, by the applicable Lenders simultaneously and proportionately to their respective Pro Rata Sharespro rata shares of the Loans, it being understood that (i) the failure of any Lender to fund any such Loan shall not relieve any other Lender of its obligation hereunder and (ii) no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Revolving Commitment or Term Loan Commitment or any Revolving Credit Commitment or Commitmentloans and commitments under any Incremental Term Loan Commitment Facilities, or the portion of the aggregate outstanding principal amount of the Revolving Loans or the Termloans or commitments under any Incremental Loan Facility, of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

Appears in 1 contract

Samples: Credit Agreement (Pfsweb Inc)

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Pro Rata Shares. All Revolving Loans and Incremental Term Loans shall be made, and all participations in Letters of Credit and Swingline Loans shall be purchased, by the applicable Lenders simultaneously and proportionately to their respective (applicable) Pro Rata Shares, it being understood that (i) the failure obligations of any Lender to fund any such Loan shall not relieve any other Lender of its obligation the Lenders hereunder and (ii) are separate, no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Revolving Loan or Incremental Term Loan requested hereunder or purchase a such participation required hereby nor shall any Term Loan Commitment or any Revolving Credit Commitment or any Incremental Term Loan Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Revolving Loan requested hereunder or purchase a such participation required hereby.

Appears in 1 contract

Samples: Credit Agreement (Pattern Energy Group Inc.)

Pro Rata Shares. All Loans shall be made, and all participations purchased, by the applicable Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that (i) the failure of any Lender to fund any such Loan shall not relieve any other Lender of its obligation hereunder and (ii) no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment, Refinancing Term Loan Commitment, Extended Term Loan Commitment or any Revolving Credit Commitment or any Incremental Term Loan Commitment, Extended Revolving Commitment, Replacement Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement

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