Common use of Banks' Participation Clause in Contracts

Banks' Participation. 5.3.1 If the conditions set out in this Agreement have been met, each Bank shall make its participation in each Loan available by the Drawdown Date through its Facility Office. 5.3.2 The amount of each Bank's participation in each Loan will be equal to the proportion borne by its available and undrawn Commitment to the available and undrawn Facility immediately prior to making the Loan. 5.3.3 The Facility Agent shall determine the Base Currency Amount of each Loan which is to be made in the Optional Currency and shall notify each Bank of the amount, currency and Base Currency Amount of each Loan and the amount of its participation in that Loan, in each case by the Specified Time.

Banks' Participation. 5.3.1 (a) If the conditions set out in this Agreement have been met, each Bank shall make its participation in each Loan available by the Drawdown Utilisation Date through its Facility Office. 5.3.2 (b) The amount of each Bank's ’s participation in each Loan will be equal to the proportion borne by its available and undrawn Available Commitment to the available and undrawn Available Facility immediately prior to making the Loan. 5.3.3 (c) The Facility Agent shall determine the Base Currency Amount of each Loan which is to be made in the an Optional Currency and shall notify each Bank of the amount, currency and the Base Currency Amount of each Loan and the amount of its participation in that Loan, in each case by the Specified Time.

Banks' Participation. 5.3.1 (a) If the conditions set out in this Agreement have been met, each Bank shall make its participation in each Loan available by the Drawdown Utilisation Date through its Facility Office. 5.3.2 (b) The amount of each Bank's participation in each Loan will be equal to the proportion borne by its available and undrawn Available Commitment to the available and undrawn Available Facility immediately prior to making the Loan. 5.3.3 (c) The Facility Agent shall determine the Base Currency Amount of each Loan which is to be made in the an Optional Currency and shall notify each Bank of the amount, currency and the Base Currency Amount of each Loan and the amount of its participation in that Loan, in each case by the Specified Time.