Common use of Availability of Lender's Pro Rata Share Clause in Contracts

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Katapult Holdings, Inc.), Loan and Security Agreement (Katapult Holdings, Inc.), Loan and Security Agreement (CURO Group Holdings Corp.)

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Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Potential Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement, Loan and Security Agreement (Bluegreen Vacations Corp)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date Borrowing Date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date Borrowing Date or the Business Day following the next Settlement Date, as applicable; provided, however, that nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent Agent, any other Lender or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Harvest Capital Credit Corp), Loan and Security Agreement (Harvest Capital Credit Corp), Loan and Security Agreement (Harvest Capital Credit Corp)

Availability of Lender's Pro Rata Share. (i1) Unless Administrative Agent has been notified by a Lender prior to any proposed funding date a Funding Date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Loan amount requested by Borrower, Administrative Agent may assume that such Lender will make such amount available to Administrative Agent on the proposed funding date or the Business Day following the next Settlement Funding Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Administrative Agent by such Lender when due, and Administrative Agent disburses funds to Borrower on behalf of such Lender, Administrative Agent will be entitled to recover such amount on demand from such Lender Borrower, without set-off, counterclaim or deduction of any kind, with interest thereon at the rate per annum then applicable to such Loan. (ii2) Nothing contained in this Section 13.5(bSubsection 8.5(B) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Administrative Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Us Unwired Inc), Credit Agreement (Unwired Telecom Corp)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an AdvanceAdvance requested by Borrower, Agent may assume that such Revolving Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Revolving Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Revolving Lender when due, Agent will be entitled to recover such amount on demand from such Revolving Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b11.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Adam Inc), Credit Agreement (Global Employment Holdings, Inc.)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrower, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or an Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b12.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Redenvelope Inc), Revolving Credit and Security Agreement (Redenvelope Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by a Borrower, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b12.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower Borrowers may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Corrpro Companies Inc /Oh/)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date Borrowing Date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date Borrowing Date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent Agent, any other Lender or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvest Capital Credit Corp)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an AdvanceAdvance requested by Borrower, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b11.4(b) will be deemed to relieve a Lender of its obligation to fulfill fulfil its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Facility Agreement (Evolving Systems Inc)

Availability of Lender's Pro Rata Share. (i1) Unless Administrative Agent has been notified by a Lender prior to any proposed funding date a Funding Date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Loan amount requested by Borrower, Administrative Agent may assume that such Lender will make such amount available to Administrative Agent on the proposed funding date or the Business Day following the next Settlement Funding Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Administrative Agent by such Lender when due, and Administrative Agent disburses funds to Borrower on behalf of such Lender, Administrative Agent will be entitled to recover such amount on demand from such Lender Borrower, without set-off, counterclaim or deduction of any kind, with interest thereon at the rate per annum then applicable to such Loan. (ii2) Nothing contained in this Section 13.5(bSubsection 8.5(B) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Administrative Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.. Credit Agreement/US Unwired Inc.

Appears in 1 contract

Samples: Credit Agreement (Us Unwired Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrowers, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or an Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b12.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower Borrowers may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Firearms Training Systems Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrower, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b12.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Trover Solutions Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such LenderXxxxxx’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Katapult Holdings, Inc.)

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Availability of Lender's Pro Rata Share. (i1) Unless Agent has been notified by a Lender prior to any proposed funding date of such LenderXxxxxx’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind.. 100 (ii2) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Katapult Holdings, Inc.)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrowers, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or an Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b11-A.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower Borrowers may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Covista Communications Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Trigger Event, Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Enova International, Inc.)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrowers, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or an Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b12.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower Borrowers may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan, and Security Agreement (Advanced Nutraceuticals Inc/Tx)

Availability of Lender's Pro Rata Share. (i) Unless the Agent has been notified by a Lender prior to any proposed funding date a Funding Date of such Lender’s intention not to fund its Pro Rata Share of an Advancethe Loan amount requested by Borrower, the Agent may assume that such Lender will make such amount available to the Agent on the proposed funding date Funding Date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to the Agent by such Lender when due, the Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) Nothing contained in this Section 13.5(b9.6(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments Commitments or to prejudice any rights the Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement. (iii) Without limiting the generality of the foregoing, each Lender shall be obligated to fund its Pro Rata Share of any Revolving Advance made with respect to any draw on a Lender Letter of Credit.

Appears in 1 contract

Samples: Credit and Security Agreement (Tower Air Inc)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Lender prior to any proposed funding date of such Lender’s intention not to fund its Pro Rata Share of an Advance, Agent may assume that such Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or Event of Default exists. If such amount is not, in fact, made available to Agent by such Lender when due, Agent will be entitled to recover such amount on demand from such Lender without set-off, counterclaim or deduction of any kind. (ii) . Nothing contained in this Section 13.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Katapult Holdings, Inc.)

Availability of Lender's Pro Rata Share. (i) Unless Agent has been notified by a Revolving Lender prior to any proposed funding date of such Revolving Lender’s 's intention not to fund its Pro Rata Share of an Advancethe Advance amount requested by Borrower, Agent may assume that such Revolving Lender will make such amount available to Agent on the proposed funding date or the Business Day following the next Settlement Date, as applicable; provided, however, nothing contained in this Agreement shall obligate a Lender to make an Advance at any time any Default or an Event of Default exists. If such amount is not, in fact, made available to Agent by such Revolving Lender when due, Agent will be entitled to recover such amount on demand from such Revolving Lender without set-off, counterclaim counterclaim, or deduction of any kind. (ii) Nothing contained in this Section 13.5(b11-A.5(b) will be deemed to relieve a Lender of its obligation to fulfill its commitments or to prejudice any rights Agent or Borrower may have against such Lender as a result of any default by such Lender under this Agreement.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Acorn Products Inc)

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