Basis of Participation. Subject to the other provisions of this Agreement: (a) each Lender will participate in each Tranche A Advance in the proportion which its Tranche A Commitment bears to the total Tranche A Commitments as at the relevant Drawing Date; (b) each Lender will participate in each Tranche B Advance in the proportion which its Tranche B Commitment bears to the total Tranche B Commitments as at the relevant Drawing Date; (c) each Lender will participate in each Tranche B1 Advance in the proportion which its Tranche B1 Commitment bears to the total Tranche B1 Commitments as at the relevant Drawing Date; (d) each Lender will participate in each Tranche C Advance in the proportion which its Tranche C Commitment bears to the total Tranche C Commitments as at the relevant Drawing Date; (e) each Lender will participate in each Tranche C1 Advance in the proportion which its Tranche C1 Commitment bears to the total Tranche C1 Commitments as at the relevant Drawing Date; (f) each Lender will participate in each Tranche D Advance in the proportion which its Tranche D Commitment bears to the total Tranche D Commitments as at the relevant Drawing Date; (g) each Bonding Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date; (h) each Revolving Lender will participate in each Revolving Advance in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date; and (i) each Revolving Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date. For the purposes of Clauses 3.1(g) and (h) (Basis of Participation) and determining the Revolving Lenders’ respective participations in Drawings of the Revolving Facility, the Revolving Commitment of each Ancillary Lender will be reduced by the amount of its Ancillary Limit and the total Revolving Commitments will be reduced by the total Ancillary Limits in each case as at the relevant Drawing Date.
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Samples: Loan Agreement (Elster Group SE), Loan Agreement (Elster Group SE)
Basis of Participation. (a) Subject to the other provisions of this Agreement:
(a) , each Facility A Lender will participate in each Tranche Facility A Advance in the proportion which its Tranche aggregate Facility A Commitment Commitments bears to the total Tranche Total Facility A Commitments as at the relevant Drawing Utilisation Date;.
(b) Subject to the other provisions of this Agreement, each Facility B Lender will participate in each Tranche Facility B Advance in the proportion which its Tranche aggregate Facility B Commitment Commitments bears to the total Tranche Total Facility B Commitments as at the relevant Drawing Date;Utilisation Date provided that such Facility B Lender shall only be required to participate in any Facility B Advances in Euro up to the amount of its Available Commitment in respect of Facility B Advances in Euro and shall only be required to participate in any Facility B Advance in Sterling up to the amount of its Available Commitment in respect of Facility B Advances in Sterling.
(c) Subject to the other provisions of this Agreement, each Facility C Lender will participate in each Tranche B1 Advance in the proportion which its Tranche B1 Commitment bears to the total Tranche B1 Commitments as at the relevant Drawing Date;
(d) each Lender will participate in each Tranche Facility C Advance in the proportion which its Tranche aggregate Facility C Commitment Commitments bears to the total Tranche Total Facility C Commitments as at the relevant Drawing Date;Utilisation Date provided that such Facility C Lender shall only be required to participate in any Facility C Advances in Euro up to the amount of its Available Commitment in respect of Facility C Advances in Euro and shall only be required to participate in any Facility C Advance in Sterling up to the amount of its Available Commitment in respect of Facility C Advances in Sterling.
(ed) Subject to the other provisions of this Agreement, each Revolving Facility Lender will participate in each Tranche C1 Revolving Facility Advance in the proportion which its Tranche C1 Revolving Facility Commitment bears to the total Tranche C1 Total Revolving Facility Commitments as at the relevant Drawing Date;Utilisation Date (the amount of each Ancillary Lender’s Revolving Facility Commitment being reduced to take account of the amount of its Ancillary Limit at such time and the Total Revolving Facility Commitments being reduced to take account of the Total Ancillary Limits at such time).
(fe) each Lender will participate in each Tranche D Advance in the proportion which its Tranche D Commitment bears Subject to the total Tranche D Commitments as at the relevant Drawing Date;
(g) other provisions of this Agreement, each Bonding Revolving Facility Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(bClause 8.4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date;
(h) each Revolving Lender will participate in each Revolving Advance in the proportion which its Revolving Facility Commitment bears to the total Total Revolving Facility Commitments as at the relevant Drawing Date; andUtilisation Date (the amount of each Ancillary Lender’s Revolving Facility Commitment being reduced to take account of the amount of its Ancillary Limit at such time and the Total Revolving Facility Commitments being reduced to take account of the Total Ancillary Limits at such time).
(if) each Revolving Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the The Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date. For the purposes of Clauses 3.1(g) and (h) (Basis of Participation) and determining the Revolving Lenders’ respective participations in Drawings of the Revolving Facility, the Revolving Commitment of each Ancillary Lender will shall be reduced pro tanto by the amount of its Ancillary Limit and the total Revolving Commitments will be reduced by the total but shall automatically increase pro tanto upon such Ancillary Limits in each case as at the relevant Drawing DateLimit being reduced, cancelled or terminated.
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Basis of Participation. Subject to the other provisions of this Agreement:
(a) each Lender Tranche A Bank will participate in each Tranche A Advance in the proportion which its Tranche A Commitment bears to the total Tranche A Commitments as at the relevant Drawing Date;
(b) each Lender Tranche B Bank will participate in each Tranche B Advance in the proportion which its Tranche B Commitment bears to the total Tranche B Commitments as at the relevant Drawing Date;
(c) each Lender will participate in each Tranche B1 Advance in the proportion which its Tranche B1 Commitment bears to the total Tranche B1 Commitments as at the relevant Drawing Date;
(d) each Lender will participate in each Tranche C Advance in the proportion which its Tranche C Commitment bears to the total Tranche C Commitments as at the relevant Drawing Date;
(e) each Lender C1 Bank will participate in each Tranche C1 Advance in the proportion which its Tranche C1 Commitment bears to the total Tranche C1 Commitments as at the relevant Drawing Date;
(fd) each Lender Tranche C2 Bank will participate in each Tranche C2 Advance in the proportion which its Tranche C2 Commitment bears to the total Tranche C2 Commitments as at the relevant Drawing Date;
(e) each Tranche C3 Bank will participate in the Tranche C3 Advance in the proportion which its Tranche C3 Commitment bears to the total Tranche C3 Commitments as at the relevant Drawing Date;
(f) each Tranche D Bank will participate in the Tranche D Advance in the proportion which its Tranche D Commitment bears to the total Tranche D Commitments as at the relevant Drawing Date;
(g) each Bonding Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date;
(h) each Revolving Lender Bank will participate in each Revolving Advance in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date; and
(ih) each Revolving Lender Bank will participate (by way of indemnity in favour of the relevant Issuing Lender Bank pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender GuaranteesIndemnity)) in each Lender Bank Guarantee and Letter of Credit issued under the Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date. .
(i) For the purposes of Clauses 3.1(g3.1(i) and (hj) (Basis of Participation) and determining the Revolving LendersBanks’ respective participations in Drawings of the Revolving Facility, the Revolving Commitment of each Ancillary Lender Bank will be reduced by the amount of its Ancillary Limit and the total Revolving Commitments will be reduced by the total Ancillary Limits in each case as at the relevant Drawing Date.
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Basis of Participation. Subject to the other provisions of this Agreement:
(a) each Lender Tranche A Bank will participate in each Tranche A Advance in the proportion which its Tranche A Commitment bears to the total Tranche A Commitments as at the relevant Drawing Date;
(b) each Lender Tranche B Bank will participate in each Tranche B Advance in the proportion which its Tranche B Commitment bears to the total Tranche B Commitments as at the relevant Drawing Date;
(c) each Lender will participate in each Tranche B1 Advance in the proportion which its Tranche B1 Commitment bears to the total Tranche B1 Commitments as at the relevant Drawing Date;
(d) each Lender C Bank will participate in each Tranche C Advance in the proportion which its Tranche C Commitment bears to the total Tranche C Commitments as at the relevant Drawing Date;
(e) each Lender will participate in each Tranche C1 Advance in the proportion which its Tranche C1 Commitment bears to the total Tranche C1 Commitments as at the relevant Drawing Date;
(f) each Lender will participate in each Tranche D Advance in the proportion which its Tranche D Commitment bears to the total Tranche D Commitments as at the relevant Drawing Date;
(g) each Bonding Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date;
(hd) each Revolving Lender Bank will participate in each Revolving Advance in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date; and;
(ie) each Revolving Lender Bank will participate (by way of indemnity in favour of the relevant Issuing Lender Bank pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender GuaranteesIndemnity)) in each Lender Bank Guarantee and Letter of Credit issued under the Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date. For the purposes of Clauses 3.1(g3.1(d) and (he) (Basis of Participation) and determining the Revolving Lenders’ Banks' respective participations in Drawings of the Revolving Facility, the Revolving Commitment of each Ancillary Lender Bank will be reduced by the amount of its Ancillary Limit and the total Revolving Commitments will be reduced by the total Ancillary Limits in each case as at the relevant Drawing Date.
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Samples: Credit Facilities Agreement (Lucite International Group Holdings LTD)
Basis of Participation. (a) Subject to the other provisions of this Agreement:
(a) , each Facility A Lender will participate in each Tranche Facility A Advance in the proportion which its Tranche aggregate Facility A Commitment Commitments bears to the total Tranche Total Facility A Commitments as at the relevant Drawing Utilisation Date;.
(b) Subject to the other provisions of this Agreement, each Revolving Facility Lender will participate in each Tranche B Revolving Facility Advance in the proportion which its Tranche B Revolving Facility Commitment bears to the total Tranche B Total Revolving Facility Commitments as at the relevant Drawing Date;Utilisation Date (the amount of each Ancillary Lender’s Revolving Facility Commitment being reduced to take account of the amount of its Ancillary Limit at such time and the Total Revolving Facility Commitments being reduced to take account of the Total Ancillary Limits at such time).
(c) each Lender will participate in each Tranche B1 Advance in the proportion which its Tranche B1 Commitment bears Subject to the total Tranche B1 Commitments as at the relevant Drawing Date;
(d) other provisions of this Agreement, each Lender will participate in each Tranche C Advance in the proportion which its Tranche C Commitment bears to the total Tranche C Commitments as at the relevant Drawing Date;
(e) each Lender will participate in each Tranche C1 Advance in the proportion which its Tranche C1 Commitment bears to the total Tranche C1 Commitments as at the relevant Drawing Date;
(f) each Lender will participate in each Tranche D Advance in the proportion which its Tranche D Commitment bears to the total Tranche D Commitments as at the relevant Drawing Date;
(g) each Bonding Revolving Facility Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(bClause 8.4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date;
(h) each Revolving Lender will participate in each Revolving Advance in the proportion which its Revolving Facility Commitment bears to the total Total Revolving Facility Commitments as at the relevant Drawing Date; andUtilisation Date (the amount of each Ancillary Lender’s Revolving Facility Commitment being reduced to take account of the amount of its Ancillary Limit at such time and the Total Revolving Facility Commitments being reduced to take account of the Total Ancillary Limits at such time).
(id) each Revolving Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the The Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date. For the purposes of Clauses 3.1(g) and (h) (Basis of Participation) and determining the Revolving Lenders’ respective participations in Drawings of the Revolving Facility, the Revolving Commitment of each Ancillary Lender will shall be reduced pro tanto by the amount of its Ancillary Limit and the total Revolving Commitments will be reduced by the total but shall automatically increase pro tanto upon such Ancillary Limits in each case as at the relevant Drawing DateLimit being reduced, cancelled or terminated.
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Basis of Participation. Subject to the other provisions of this Agreement:
(a) each Lender under the Bridge Facility will participate in each Tranche A Advance Bridge Facility Loan in the proportion which its Tranche A Bridge Commitment bears to the total Tranche A Total Bridge Commitments as at the relevant Drawing Utilisation Date;
(b) each Lender under the Euro Revolving Facility will participate in each Tranche B Advance Euro Revolving Loan in the proportion which its Tranche B Euro Revolving Commitment bears to the total Tranche B Total Euro Revolving Commitments as at the relevant Drawing Utilisation Date;
(c) each Lender under the Sterling Revolving Facility will participate in each Tranche B1 Advance Sterling Revolving Loan in the proportion which its Tranche B1 Sterling Revolving Commitment bears to the total Tranche B1 Total Sterling Revolving Commitments as at the relevant Drawing Utilisation Date;.
(d) each Lender under the Euro Revolving Facility will participate (in the case of each Lender other than the Issuing Bank by way of counter-indemnity in favour of the relevant Issuing Bank pursuant to Clause 7.8 (Indemnities)) in each Tranche C Advance Bank Guarantee, in the proportion which its Tranche C Commitment Euro Revolving Commitments bears to the total Tranche C Total Euro Revolving Commitments as at the relevant Drawing Utilisation Date;; and
(e) each Lender under the Sterling Revolving Facility will participate (in the case of each Lender other than the Issuing Bank by way of counter-indemnity in favour of the relevant Issuing Bank pursuant to Clause 7.8 (Indemnities)) in each Tranche C1 Advance Bank Guarantee, in the proportion which its Tranche C1 Sterling Revolving Commitment bears to the total Tranche C1 Commitments Total Sterling Revolving Commitment as at the relevant Drawing Utilisation Date;
(f) each Lender under the Bridge Facility will participate in the Term-out Facility (and in each Tranche D Advance Term-out Facility Loan) in the same proportion which its Tranche D Bridge Commitment bears to the total Tranche D Commitments Total Bridge Commitments, in each case, as at the relevant Drawing Date;
(g) each Bonding Lender will participate (by way of indemnity in favour Maturity Date of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Bonding Facility in the proportion which its Bonding Commitment bears to the total Bonding Commitments as at the relevant Drawing Date;
(h) each Revolving Lender will participate in each Revolving Advance in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing Date; and
(i) each Revolving Lender will participate (by way of indemnity in favour of the relevant Issuing Lender pursuant to paragraph 4(b) (Indemnity) of Schedule 9 (Provisions relating to Letters of Credit/Lender Guarantees)) in each Lender Guarantee and Letter of Credit issued under the Revolving Facility in the proportion which its Revolving Commitment bears to the total Revolving Commitments as at the relevant Drawing DateBridge Facility. For the purposes of Clauses 3.1(g2.5 (Lending Affiliates) and (h) this Clause 2.3 (Basis of Participation) and determining the Revolving Lenders’ respective participations in Drawings Utilisations under the Euro Revolving Facility or the Sterling Revolving Facility (as the case may be):
(i) in the case of the Euro Revolving Facility, the Euro Revolving Commitment of each Ancillary Lender and/or each Fronted Ancillary Lender, as the case may be, will be reduced by the amount of its Ancillary Limit Commitment under the Euro Revolving Facility or, in the case of any Fronted Ancillary Lender, its Fronted Revolving Commitment under the Euro Revolving Facility, and the total Total Euro Revolving Commitments will (subject as provided in Clause 8.5 (Refinancing of Ancillary Facility)) be reduced by the aggregate of total Ancillary Limits Commitments or total Fronted Revolving Commitments, as the case may be, under the Euro Revolving Facility, in each case as at the relevant Drawing Utilisation Date; and
(ii) in the case of the Sterling Revolving Facility, the Sterling Revolving Commitment of each Ancillary Lender and/or each Fronted Ancillary Lender, as the case may be, will be reduced by the amount of its Ancillary Commitment under the Sterling Revolving Facility or, in the case of any Fronted Ancillary Lender, its Fronted Revolving Commitment under the Sterling Revolving Facility, and the Total Sterling Revolving Commitments will (subject as provided in Clause 8.5 (Refinancing of Ancillary Facility)) be reduced by the aggregate of total Ancillary Commitments or total Fronted Revolving Commitments, as the case may be, under the Sterling Revolving Facility in each case, as at the relevant Utilisation Date.
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