Common use of Borrowings, Commitment Reductions, Etc Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (OPAL Fuels Inc.), Credit and Guaranty Agreement (OPAL Fuels Inc.)

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Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing consisting of a particular Class Construction Loans or Term Loans and each reduction of the Commitments of a particular Class Total Construction Loan Commitment, Total Term Loan Commitment and Total LC Commitment 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 Construction Loans, Term Loans of a particular Class or LC Loans (including any Call Premium) 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 Participation Fees in respect of Commitments of a particular Class shall be made or shared among the relevant Lenders holding DSR Loan Commitments, LC Commitments pro rata according to their respective Proportionate Shares of the DSR Loan Commitments, LC Commitments held by such Lenders to which such fees apply.

Appears in 1 contract

Samples: First Lien Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, : (ai) each Each Borrowing of a particular Class and each reduction of the Commitments of a particular Class Total Commitment shall be made or allocated shared among the relevant Lenders pro rata according to their respective Proportionate Shares of such Loans or Commitments, as the case may be, Shares; (bii) each Each payment of principal of and interest on Loans of a particular Class in any Borrowing shall be made or shared among the relevant Lenders holding such Loans pro rata according to their the respective unpaid principal amounts of such Loans held by then owed to such Lenders, ; (ciii) each Each payment of Commitment Fees interest on Loans in respect of Commitments of a particular Class any Borrowing shall be shared among the relevant Lenders pro rata according to (iA) the respective unpaid principal amounts of such Loans made or funded by such Lenders and (B) the dates on which such Lenders so made or funded such Loans; (iv) Each payment of Commitment Fees shall be shared among Lenders (except for Defaulting Lenders) pro rata according to (A) their respective Proportionate Shares of the Commitments of such Class held by such Lenders to which such fees apply and (iiB) in respect the case of each Lender which becomes a party to this Agreement Lender hereunder after the Closing Datedate hereof, the date upon which such Lender so became a party hereunder and Lender; (dv) each Each payment of LC Fees in respect of Commitments of a particular Class interest (other than interest on Loans) shall be made or shared among Lenders and Administrative Agent owed the relevant Lenders holding DSR Loan Commitments, amount upon which such interest accrues pro rata according to their (A) the respective Proportionate Shares amounts so owed such Lenders and Administrative Agent and (B) the dates on which such amounts became owing to such Lenders and Administrative Agent; and (vi) All other payments under this Agreement and the other Credit Documents shall be for the benefit of the DSR Loan Commitments, held by such Lenders to which such fees apply.Person or Persons specified. (b)

Appears in 1 contract

Samples: Credit Agreement (Adobe Systems Inc)

Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing consisting of a particular Class Construction Loans or Term Loans and each reduction of the Commitments of a particular Class Total Construction Loan Commitment and Total Term Loan Commitment 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 Construction Loans of a particular Class and Term Loans (including any Call Premium) 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, Lenders and (c) each payment of Construction Loan 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 applyhereunder.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Fortress Transportation & Infrastructure Investors LLC)

Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each the Closing Date Borrowing of a particular Class Term Loans and each any reduction of the Commitments of a particular Class Total Term Loan Commitment shall be made or allocated among the relevant Lenders pro rata according to their respective Proportionate Shares of such Term Loans or CommitmentsTerm Loan Commitment, as the case may be, (b) except in the case of a Mandatory Repayment Offer pursuant to Section 2.1.10(d) whereby payments shall be allocated to each accepting Lender's Term Loans (and not to all Lenders based on Proportionate Shares), each payment of principal of and interest on Term Loans of a particular Class shall be made or shared among the relevant Lenders holding such Term Loans pro rata according to their respective unpaid principal amounts of such Term Loans held by such Lenders, and (c) each payment of Commitment Fees in respect of Commitments of a particular Class any fees payable to all Lenders 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 fees, and (ii) in respect 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 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 applyhereunder.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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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 KE 103372065 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 DSRRevolving Loan Commitments, pro rata according to their respective Proportionate Shares of the DSR DSRRevolving Loan Commitments, held by such Lenders to which such fees apply.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (OPAL Fuels Inc.)

Borrowings, Commitment Reductions, Etc. Except as otherwise provided herein, (a) each Borrowing of a particular Class under each Facility and each reduction of the Commitments of a particular Class Total Commitment under each Facility shall be made or allocated among the relevant Lenders under such Facility pro rata according to their respective Proportionate Shares of such Loans or Commitments, as the case may beapplicable Facility, (b) each payment of a Reimbursement Obligation or principal of and interest on Loans of a particular Class under each Facility shall be made or shared among the relevant Lenders holding such Loans Loans, pro rata according to their respective unpaid principal amounts Proportionate Shares of such Loans held by such Lenders, the applicable Facility and (c) each payment of Commitment Facility Fees in respect under each Facility and Letter of Commitments of a particular Class Credit Fees under the 3-Year Facility 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 under the Facility to which such fees apply and (ii) in respect the case of each Lender which becomes a party to this Agreement Lender hereunder after the Closing Datedate hereof, 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 applyLender.

Appears in 1 contract

Samples: Credit Agreement (Teco Energy Inc)

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