Common use of Continuation of Borrowings Clause in Contracts

Continuation of Borrowings. On each Scheduled Payment Date, each Borrowing shall be automatically continued for a three (3) month Interest Period. Each such continuation shall be made pro rata among the Lenders in accordance with the respective principal amounts of the Loans comprising the continued Borrowing.

Appears in 2 contracts

Samples: Loan Agreement (Solarcity Corp), Loan Agreement (Solarcity Corp)

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Continuation of Borrowings. On each Scheduled Payment Date, each Borrowing shall be automatically continued for a three six (36) month Interest Period. Each such continuation shall be made pro rata among the Lenders in accordance with the respective principal amounts of the Loans comprising the continued Borrowing.

Appears in 1 contract

Samples: Loan Agreement (Solarcity Corp)

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Continuation of Borrowings. On each Scheduled Payment Date, each Borrowing shall be automatically continued for a three one (31) month Interest Period. Each such continuation shall be made pro rata among the Lenders in accordance with the respective principal amounts of the Loans comprising the continued Borrowing. Trapper Loan Agreement [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Appears in 1 contract

Samples: Loan Agreement (Solarcity Corp)

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