Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein:
(i) Each Borrowing, each participation in each Letter of Credit and reduction of the Total Commitment shall be made or shared among Lenders pro rata according to their respective Proportionate Shares;
(ii) Each payment of principal on Loans in any Borrowing shall be shared among Lenders which made or funded the Loans in such Borrowing pro rata according to the respective unpaid principal amounts of such Loans then owed to such Lenders;
(iii) Each payment of interest on Loans in any Borrowing shall be shared among Lenders which made or funded the Loans in such Borrowing pro rata according to (A) the respective unpaid principal amounts of such Loans then owed to such Lenders so made or funded by such Lenders and (B) the dates on which such Lenders so made or funded such Loans;
(iv) Each Reimbursement Payment shall be shared among the Lenders (including Issuing Bank) which made or funded the applicable Drawing Payment pro rata according to the respective amounts of such Drawing Payment so made or funded by such Lenders;
(v) Each payment of Commitment Fees and LC Usage Fees shall be shared among Lenders (except for Defaulting Lenders but including, with respect to LC Usage Fees, Issuing Bank in its capacity as a Lender) pro rata according to their respective Proportionate Shares;
(vi) Each payment of interest (other than interest on Loans) shall be shared among Lenders and Agent owed the amount upon which such interest accrues pro rata according to (A) the respective amounts so owed such Lenders and Agent and (B) the dates on which such amounts became owing to such Lenders and Agent; and
(vii) All other payments under this Agreement and the other Credit Documents shall be for the benefit of the Person or Persons specified.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing and each reduction of the Total Commitment shall be made or allocated among the Lenders pro rata according to their respective Proportionate Shares, (b) each payment of principal and interest on Loans shall be made or shared among the Lenders holding such Loans, pro rata according to their respective Proportionate Shares and (c) each payment of Facility Fees shall be shared among the Lenders pro rata according to (i) their respective Proportionate Shares of the Commitments and (ii) in the case of each Lender which becomes a Lender hereunder after the date hereof, the date upon which such Lender so became a Lender.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing of a particular Class and each reduction of the Commitments of a particular Class shall be made or allocated among the relevant Lenders pro rata according to their respective Proportionate Shares of such Loans or Commitments, as the case may be, (b) each payment of principal of and interest on Loans of a particular Class shall be made or shared among the relevant Lenders holding such Loans pro rata according to their respective unpaid principal amounts of such Loans held by such Lenders, (c) each payment of Commitment Fees in respect of Commitments of a particular Class shall be shared among the relevant Lenders pro rata according to (i) their respective Proportionate Shares of the Commitments of such Class held by such Lenders to which such fees apply and (ii) in respect of each Lender which becomes a party to this Agreement hereunder after the Closing Date, the date upon which such Lender so became a party hereunder and (d) each payment of LC Fees in respect of Commitments of a particular Class shall be made or shared among the relevant Lenders holding DSR Loan Commitments, pro rata according to their respective Proportionate Shares of the DSR Loan Commitments, held by such Lenders to which such fees apply.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein:
(i) Each Borrowing shall be made by Lenders pro rata according to their respective Commitments. Each reduction of the Total Commitment shall reduce each Lender's Commitment pro rata.
(ii) Each payment of principal or interest on Loans in any Borrowing shall be shared among Lenders which made or funded the Loans in such Borrowing pro rata according to (A) the respective unpaid principal amounts of such Loans so made or funded by such Lenders and (B) in the case of interest, the dates on which such Lenders so made or funded such Loans.
(iii) Each payment of Commitment Fees shall be shared among Lenders (except for Defaulting Lenders) pro rata according to (A) their respective Proportionate Shares and (B) in the case of each Lender which becomes a Lender hereunder after the date hereof and before the Revolver Termination Date, the date upon which such Lender so became a Lender.
(iv) Each payment of interest (other than interest on Loans) shall be shared among Lenders and Agent owed the amount upon which such interest accrues pro rata according to (A) the respective amounts so owed such Lenders and Agent and (B) the dates on which such amounts became owing to such Lenders and Agent.
(v) All other payments under this Agreement and the other Credit Documents shall be for the benefit of the Person or Persons specified.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing consisting of Construction Loans and Term Loans and each reduction of the Total Construction Loan Commitment shall be made or allocated among the Banks pro rata according to their respective Proportionate Shares of such Loans, (b) each payment of principal of and interest on Construction Loans and Term Loans shall be made or shared among the Banks holding such Loans pro rata according to the respective unpaid principal amounts of such Loans held by such Banks and (c) each payment of Commitment Fees shall be shared among the Banks pro rata according to (i) their respective Proportionate Shares of the Loans to which such fees apply and (ii) in the case of each Bank which becomes a Bank hereunder after the date hereof, the date upon which such Bank so became a Bank.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein (including in Section 2.3.3), (a) each Borrowing and each reduction of the Total Commitment shall be made or allocated among the Lenders pro rata according to their respective Proportionate Shares then in effect, (b) each payment of principal and interest on the Loans shall be made pro rata among the holders of the Loans according to the respective principal amounts of the Loans held by them and (c) each payment of Commitment Fees and Lenders Letter of Credit Fees shall be shared among the Lenders pro rata according to their respective Proportionate Shares.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein (including in Section 2.3.3), (a) each Borrowing and each reduction of the Total Commitment shall be made or allocated among the Lenders pro rata according to their respective Proportionate Shares then in effect, (b) each payment of principal and interest on the Loans shall be made pro rata among the holders of the Loans according to the respective principal amounts of the Loans held by them and (c) each payment of Commitment Fees and Lenders Letter of Credit Fees shall be shared among the Lenders pro rata according to their respective Proportionate Shares; provided, that for purposes of the sharing of Commitment Fees, the Proportionate Shares shall be calculated as if the Commitment Increase Period was in effect unless and until a Commitment Decrease Event shall have occurred after a Commitment Increase Event shall have occurred.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing under each Facility and each reduction of the Total Commitment under each Facility shall be made or allocated among the Lenders under such Facility pro rata according to their respective Proportionate Shares of the applicable Facility, (b) each payment of a Reimbursement Obligation or principal and interest on Loans under each Facility shall be made or shared among the Lenders holding such Loans, pro rata according to their respective Proportionate Shares of the applicable Facility and (c) each payment of Facility Fees under each Facility and Letter of Credit Fees under the 3-Year Facility shall be shared among the Lenders pro rata according to (i) their respective Proportionate Shares of the Commitments under the Facility to which such fees apply and (ii) in the case of each Lender which becomes a Lender hereunder after the date hereof, the date upon which such Lender so became a Lender.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing consisting of Construction Loans, Term Loans, Security Fund LC Loans or each Drawing Payment under the Security Fund LC and each reduction of the Total Construction Loan Commitment, Total Term Loan Commitment or Total Security Fund LC Commitment shall be made or allocated among the Lenders pro rata according to their respective Proportionate Shares of such Loans or Commitments, as the case may be, (b) each payment of principal of and interest on Construction Loans, Term Loans or Security Fund LC Loans shall be made or shared among the Lenders holding such Loans or Commitments pro rata according to their respective unpaid principal amounts of such Loans or Commitments held by such Lenders, and (c) each payment of Commitment Fees shall be shared among the Lenders pro rata according to (i) their respective Proportionate Shares of the Commitments to which such fees apply, and (ii) in the case of each Lender which becomes a party to this Agreement hereunder after the Closing Date, the date upon which such Lender so became a party hereunder.
Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein: