Common use of Borrowings Pro Rata Clause in Contracts

Borrowings Pro Rata. Subject to the provisions set forth in Section 5.5, except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans made, and Letter of Credit 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 (or is deemed issued), and (ii) all Term Loans shall be made by the Lenders having Term Commitments pro rata on the basis of their respective Term Commitments.

Appears in 1 contract

Samples: Pledge and Security Agreement (American Dental Partners Inc)

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Borrowings Pro Rata. Subject to the provisions set forth in Section 5.5, except Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans made, and Letter of Credit LC Participations acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving 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 (or is deemed issued), ; and (ii) all the Term Loans shall be made by the Term Lenders having Term Commitments pro rata on the basis of their respective Term Commitments.

Appears in 1 contract

Samples: Credit Agreement (Cooper Companies Inc)

Borrowings Pro Rata. Subject to the provisions set forth in Section 5.5, except Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans made, and Letter of Credit LC Participations acquired by each Revolving Lender, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each Revolving 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 (or is deemed issued), and (ii) all Term A Loans shall be made by the Term A Lenders having Term Commitments pro rata on the basis of their respective Term A Commitments; and (iii) all Term B Loans shall be made by the Term B Lenders pro rata on the basis of their respective Term B Commitments.

Appears in 1 contract

Samples: Credit Agreement (Cooper Companies Inc)

Borrowings Pro Rata. Subject to the provisions set forth in Section 5.5, except Except with respect to the making of Swing Loans by the Swing Line Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans made, and Letter of Credit LC Participations acquired by each LenderRevolving Lender with a Revolving Commitment, shall be made or acquired, as the case may be, and held on a pro rata basis based upon each such Revolving 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 (or is deemed issued), ; and (ii) all Term Loans shall be made by the Term Lenders having Term Commitments pro rata on the basis of their respective Term Commitments.

Appears in 1 contract

Samples: Credit Agreement (Cooper Companies Inc)

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Borrowings Pro Rata. Subject to the provisions set forth in Section 5.5, except Except with respect to the making of Swing Swingline Loans by the Swing Line Swingline Lender, all Loans hereunder shall be made as follows: (i) all Revolving Loans mademade hereunder, and Letter of Credit LC Participations and participations in Swingline Loans 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 (or is deemed issued), and (ii) all Term Loans made on the Closing Date shall be made by the Lenders having Term Commitments pro rata on the basis of their respective Term Commitments.

Appears in 1 contract

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

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