Common use of Adjustments by Agent Clause in Contracts

Adjustments by Agent. Notwithstanding the construction of "pro rata" to mean based on the Applicable Percentage Commitments and any provisions contained herein for the advancement of funds or distribution of payments on a pro rata basis, the Agent may, in its discretion, but shall not be obligated to, adjust downward or upward (but not in excess of any applicable Domestic Revolving Credit Commitment) the principal amount of any Domestic Revolving Loan to be made by any Multicurrency Facilities Lender to the nearest amount which is evenly divisible by $100, and make appropriate related adjustment in the distribution of payments of principal and interest on the Loans.

Appears in 2 contracts

Samples: Revolving Credit and Reimbursement Agreement (Tech Data Corp), Revolving Credit and Reimbursement Agreement (Tech Data Corp)

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Adjustments by Agent. Notwithstanding the construction of -------------------- "pro rata" to mean based on the Applicable Commitment Percentage Commitments and any provisions contained herein for the advancement of funds or distribution of payments on a pro rata basis, the Agent may, in its discretion, but shall not be obligated to, adjust downward or upward (but not in excess of any applicable Domestic Revolving Credit Commitment) the principal amount of any Domestic Revolving Loan to be made by any Multicurrency Facilities Lender to the nearest amount which that is evenly divisible by $100, and make appropriate related adjustment adjustments in the distribution of payments of principal and interest on the Loans.

Appears in 2 contracts

Samples: Credit Agreement (Hibbett Sporting Goods Inc), Credit Agreement (Hibbett Sporting Goods Inc)

Adjustments by Agent. Notwithstanding the construction of "pro rata" to mean based on the Applicable Percentage Commitments and any provisions contained herein for the advancement of funds or distribution of payments on a pro rata basis, the Agent may, in its discretion, but shall not be obligated to, adjust downward or upward (but not in excess of any applicable Domestic Revolving Credit Commitment) the principal amount of any Domestic Revolving Loan to be made by any Multicurrency Facilities Lender to the nearest amount which is evenly divisible by $100, and make appropriate related adjustment in the distribution of payments of principal and interest on the Loans.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (Capstone Capital Corp)

Adjustments by Agent. Notwithstanding the construction of "pro rata" to mean based on the Applicable Percentage Commitments Commitment Percentages and any provisions contained herein for the advancement of funds or distribution of payments on a pro rata basis, the Agent may, in its discretion, but shall not be obligated to, adjust downward or upward (but not in excess of any applicable Domestic Revolving Credit Commitment or Reserve Line Commitment) the principal amount of any Domestic Revolving Loan to be made by any Multicurrency Facilities Lender to the nearest amount which is evenly divisible by $100 (or DM 100 or (pound) 100, as the case may be), and make appropriate related adjustment in the distribution of payments of principal and interest on the Loans.

Appears in 1 contract

Samples: Credit Facilities and Reimbursement Agreement (Greenfield Industries Inc /De/)

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Adjustments by Agent. Notwithstanding the construction of "pro rata" to mean based on the Applicable Percentage Commitments Commitment Percentages and any provisions contained herein for the advancement of funds or distribution of payments on a pro rata basis, the Agent may, in its discretion, but shall not be obligated to, adjust downward or upward (but not in excess of any applicable Domestic Revolving Credit Commitment) the principal amount of any Domestic Revolving Loan to be made by any Multicurrency Facilities Lender to the nearest amount which is evenly divisible by $100, and make appropriate related adjustment in the distribution of payments of principal and interest on the Loans.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (Willcox & Gibbs Inc)

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