Common use of Equal and Ratable Benefit Clause in Contracts

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documents.

Appears in 8 contracts

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Jetblue Airways Corp)

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Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documents.

Appears in 5 contracts

Samples: Revolving Credit Agreement 2022 Revolving Credit and Guaranty Agreement (Allegiant Travel CO), Mortgage and Security Agreement (United Airlines, Inc.), Credit and Guaranty Agreement (Allegiant Travel CO)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph Section 2.14 shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by Guarantees, except that the Collateral Documentsnew Loans may be subordinated in right of payment to the extent set forth in the Increase Joinder.

Appears in 4 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (American Outdoor Brands Corp)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph Section 2.27 shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documents.

Appears in 4 contracts

Samples: Revolving Credit and Guaranty Agreement (United Airlines, Inc.), Term Loan Credit and Guaranty Agreement (United Airlines, Inc.), Revolving Credit and Guaranty Agreement (United Airlines, Inc.)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph Section 2.15 shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral DocumentsGuaranties.

Appears in 4 contracts

Samples: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)

Equal and Ratable Benefit. The Revolving Loans and Revolving Credit Commitments established pursuant to this paragraph shall constitute Revolving Loans and Revolving Credit Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Financing Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests Guarantees and Liens created by the Collateral Documents.

Appears in 3 contracts

Samples: Credit Agreement (MN8 Energy, Inc.), Credit Agreement (MN8 Energy, Inc.), Credit Agreement (New PubCo Renewable Power Inc.)

Equal and Ratable Benefit. The Revolving Loans and Incremental Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by Guarantees and the Collateral DocumentsCollateral.

Appears in 2 contracts

Samples: Credit Agreement (Carriage Services Inc), Credit Agreement (Carriage Services Inc)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by Guaranties and the Collateral DocumentsSecurity Instruments.

Appears in 2 contracts

Samples: Credit Agreement (COMMERCIAL METALS Co), Credit Agreement (Commercial Metals Co)

Equal and Ratable Benefit. The Revolving Loans and Revolving Commitments established pursuant to this paragraph Section shall constitute Revolving Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documentsguarantee in Article VII.

Appears in 2 contracts

Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)

Equal and Ratable Benefit. The Revolving Loans and Revolving Commitments established pursuant to this paragraph shall constitute Revolving Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documents.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hawaiian Holdings Inc), Credit and Guaranty Agreement (Hawaiian Holdings Inc)

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Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guaranties and security interests created by the Collateral Documents.U.S.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by Guaranties and the Collateral Documents.Security Instruments. (j)

Appears in 1 contract

Samples: Credit Agreement (COMMERCIAL METALS Co)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Harry & David Holdings, Inc.)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral Documents.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Republic Airways Holdings Inc)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents Documents, and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by Guarantees and the Collateral DocumentsCollateral.

Appears in 1 contract

Samples: Credit Agreement (Carriage Services Inc)

Equal and Ratable Benefit. The Revolving Loans and Commitments established pursuant to this paragraph shall constitute Revolving the Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Operative Documents and shall, without limiting the foregoing, benefit equally and ratably from the security interests created by the Collateral DocumentsSecurity Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allegiant Travel CO)

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