Common use of Allocation of Loans and Percentages at the Effective Time Clause in Contracts

Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under and as defined in the Existing Credit Agreement shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 6 contracts

Samples: Credit Agreement (Arch Capital Group Ltd.), Credit Agreement (Arch Capital Group Ltd.), Credit Agreement (Arch Capital Group Ltd.)

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Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower The Company and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under Loans thereunder (and as defined the participations in the Existing Letters of Credit Agreement and Swing Line Loans thereunder), shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 3 contracts

Samples: Security Agreement (Middleby Corp), Pledge Agreement (Middleby Corp), Credit Agreement (Middleby Corp)

Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower The Parent, the Company and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under Revolving Loans thereunder (and as defined the participations in the Existing Letters of Credit Agreement and Swing Line Loans thereunder), shall be allocated among the Lenders in accordance with their respective Applicable PercentagesPercentages in respect of the Revolving Facility.

Appears in 2 contracts

Samples: Security Agreement (MIDDLEBY Corp), Pledge Agreement (Middleby Corp)

Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective DB1/ 115371409.4 Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under and as defined in the Existing Credit Agreement shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Arch Capital Group Ltd.)

Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower The Parent, the Company and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under Loans thereunder (and as defined the participations in the Existing Letters of Credit Agreement and Swing Line Loans thereunder), shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Security Agreement (Middleby Corp)

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Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower The Company and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under Loans thereunder (and as defined the participations in the Existing Letters of Credit Agreement and Swing Line Loans thereunder), shall be allocated among the Lenders in accordance with their respective Applicable Revolving Percentages.

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

Allocation of Loans and Percentages at the Effective Time. (a) Each Borrower The Company and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding Loans (and the participations in Letters of Credit and Swing Line Loans” under and as defined in the Existing Credit Agreement ), shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

Allocation of Loans and Percentages at the Effective Time. (a) Each The Borrower and each Lender agree that, effective at the time at which all conditions precedent to the effectiveness of this Agreement have been satisfied (the “Effective Time”), (i) this Agreement shall amend and restate in its entirety the Existing Credit Agreement and (ii) the outstanding “Loans” under Loans thereunder (and as defined the participations in the Existing Letters of Credit Agreement and Swingline Loans thereunder), shall be allocated among the Lenders in accordance with their respective Applicable Percentages.

Appears in 1 contract

Samples: Credit Agreement (Groupon, Inc.)

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