Common use of Borrowings Pro Rata Clause in Contracts

Borrowings Pro Rata. All 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 Percentage of the amount of such Borrowing or Letter of Credit in effect on the date the applicable Borrowing is to be made or the Letter of Credit is to be issued.

Appears in 3 contracts

Samples: Credit Agreement (DPL Inc), Credit Agreement, Credit Agreement (Dayton Power & Light Co)

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Borrowings Pro Rata. All Revolving Loans mademade hereunder, 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.

Appears in 1 contract

Samples: Credit Agreement (TRC Companies Inc /De/)

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