Borrowings Pro Rata. All Loans hereunder shall be made as follows: (i) all Revolving Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued; and (ii) all Term Loans of any Class shall be made by the Lenders having Term Commitments of such Class pro rata on the basis of their respective Term Commitments of such Class.
Appears in 3 contracts
Samples: Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.), Credit Agreement (GTT Communications, Inc.)
Borrowings Pro Rata. All Loans hereunder shall be made as follows: (i) all Revolving Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued; and (ii) all Term Loans of any Class shall be made by the Lenders having Term Commitments of such Class pro rata on the basis of their respective Term Commitments of such ClassCommitments.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement (GTT Communications, Inc.), Credit Agreement (Par Pacific Holdings, Inc.)
Borrowings Pro Rata. All Loans hereunder shall be made as follows: (i) all Revolving Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued; , and (ii) all Term Loans of any Class shall be made by the Lenders having Term Commitments of such Class pro rata on the basis of their respective Term Commitments of such ClassCommitments.
Appears in 1 contract
Samples: Credit Agreement (Ico Inc)
Borrowings Pro Rata. All Loans hereunder shall be made as follows: (i) all Revolving Loans made, and LC Participations acquired by each Lender, shall be made or acquired, as the case may be, on a pro rata basis based upon each Lender’s Revolving Facility Percentage of the amount of such Revolving Borrowing or Letter of Credit in effect on the date the applicable Revolving Borrowing is to be made or the Letter of Credit is to be issued; and (ii) all Term Loans of any Class shall be made by the Lenders having Term Commitments of such Class pro rata on the basis of their respective Term Commitments of such Class.. (c)
Appears in 1 contract
