Common use of Pro Rata Sharing Clause in Contracts

Pro Rata Sharing. Any sums obtained from the Borrower by any Lender by reason of the exercise of its rights of set-off, banker's lien or in collection shall be shared (net of costs) pro rata among the Lenders on the basis of the principal amount of Loans. Nothing in this Section 8.10 shall be deemed to require the sharing among the Lenders of collections specifically relating to, or of the proceeds of any collateral securing, any other Indebtedness of the Borrower to any Lender.

Pro Rata Sharing. Any sums obtained from the Borrower Borrowers by any Lender by reason of the exercise of its rights of set-off, setoff or banker's lien or in collection shall be shared (net of costs) pro rata among the Lenders on the basis of the principal amount of LoansLenders. Nothing in this Section 8.10 9.11 shall be deemed to require the sharing among the Lenders of collections specifically relating to, or of the proceeds of any collateral which is not subject to or contemplated by the Security Documents specifically securing, any other Indebtedness of the Borrower Borrowers to any Lender.

Pro Rata Sharing. Any sums obtained from the Borrower by any Lender ---------------- by reason of the exercise of its rights of set-off, setoff or banker's lien or in collection shall be shared (net of costs) pro rata among the Lenders on the basis of the principal amount of LoansLenders. Nothing in this Section 8.10 shall be deemed to require the sharing among the Lenders of collections specifically relating to, or of the proceeds of any collateral securing, which specifically secures any other Indebtedness of the Borrower to any Lender.