Common use of Lender’s Ratable Portion Clause in Contracts

Lender’s Ratable Portion. Unless the Agent has received notice from a Lender prior to 1:00 p.m. (New York City time) on the day of any Committed Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Committed Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Committed Borrowing in accordance with subsection (b) of this Section 2.2 and the Agent may, in reliance upon such assumption, make available to the requesting Borrower on such date a corresponding amount. If and to the extent that a Lender has not so made such ratable portion available to the Agent, such Lender and such Borrower shall severally repay to the Agent forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon for each day from the date such amount is made available by the Agent to such Borrower until the date such amount is repaid to the Agent, at

Appears in 24 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

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Lender’s Ratable Portion. Unless the Facility Agent has shall have received notice from a Lender prior to 1:00 p.m. 2:00 P.M. (New York City London time) on the day of any Committed Revolving Credit Borrowing that such Lender will not make available to the Facility Agent such Lender’s ratable portion of such Committed Revolving Credit Borrowing, the Facility Agent may assume that such Lender has made such portion available to the Facility Agent on the date of such Committed Revolving Credit Borrowing in accordance with subsection (bSection 2.3(b) of this Section 2.2 and the Facility Agent may, in reliance upon such assumption, make available to the requesting Borrower proposing such Revolving Credit Borrowing on such date a corresponding amount. If and to the extent that a such Lender has shall not have so made such ratable portion available to the Agent, Facility Agent such Lender and such Borrower shall severally agree to repay to the Facility Agent forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon thereon, for each day from the date such amount is made available by the Agent to such Borrower until the date such amount is repaid to the Agent, Facility Agent at:

Appears in 8 contracts

Samples: Credit Agreement (Philip Morris International Inc.), Credit Agreement (Philip Morris International Inc.), Credit Agreement (Philip Morris International Inc.)

Lender’s Ratable Portion. Unless the Agent has received notice from a Lender prior to 1:00 3:00 p.m. (New York City time) on the day of any Committed Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Committed Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Committed Borrowing in accordance with subsection (b) of this Section 2.2 and the Agent may, in reliance upon such assumption, make available to the requesting Borrower on such date a corresponding amount. If and to the extent that a Lender has not so made such ratable portion available to the Agent, such Lender and such Borrower shall severally repay to the Agent forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon for each day from the date such amount is made available by the Agent to such Borrower until the date such amount is repaid to the Agent, at

Appears in 7 contracts

Samples: Credit Agreement (Boeing Co), Credit Agreement (Boeing Co), Credit Agreement (Boeing Co)

Lender’s Ratable Portion. Unless the Agent has received notice from a Lender prior to 1:00 p.m. (New York City time) on the day of any Committed Borrowing that such Lender will not make available to the Agent such Lender’s 's ratable portion of such Committed Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Committed Borrowing in accordance with subsection (b) of this Section 2.2 and the Agent may, in reliance upon such assumption, make available to the requesting Borrower on such date a corresponding amount. If and to the extent that a Lender has not so made such ratable portion available to the Agent, such Lender and such Borrower shall severally repay to the Agent forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon for each day from the date such amount is made available by the Agent to such Borrower until the date such amount is repaid to the Agent, at

Appears in 3 contracts

Samples: Credit Agreement (Boeing Capital Corp), Credit Agreement (Boeing Capital Corp), Credit Agreement (Boeing Capital Corp)

Lender’s Ratable Portion. Unless the Administrative Agent has shall have received notice from a Lender prior to 1:00 p.m. 11:00 a.m. (New York City time) on the day of any Committed Borrowing relevant Funding Date that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of such Committed Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Committed Borrowing relevant Funding Date in accordance with subsection (bSection 2.02(b) of this Section 2.2 and the Administrative Agent may, in reliance upon such assumption, make available to the requesting Borrower proposing such Borrowing on such date a corresponding amount. If and to the extent that a such Lender has shall not have so made such ratable portion available to the Administrative Agent, such Lender and such the Borrower shall severally agree to repay to the Agent Administrative Agent, forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon thereon, for each day from the date such amount is made available by to the Agent to such Borrower until the date such amount is repaid to the Administrative Agent, at:

Appears in 2 contracts

Samples: Term Loan Agreement (Mondelez International, Inc.), Term Loan Agreement (Mondelez International, Inc.)

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Lender’s Ratable Portion. Unless the Administrative Agent has shall have received notice from a Lender prior to 1:00 p.m. 11:00 a.m. (New York City timeLocal Time) on the day of any Committed Borrowing that such Lender will not make available to the Administrative Agent such Lender’s ratable portion (based on the respective Commitments of the applicable Class) of such Committed Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Committed Borrowing in accordance with subsection (bSection 2.02(b) of this Section 2.2 and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower requesting Borrower such Committed Borrowing on such date a corresponding amount. If and to the extent that a such Lender has shall not have so made such ratable portion available to the Administrative Agent, such Lender and such Borrower shall severally agree to repay to the Agent Administrative Agent, forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon thereon, for each day from the date such amount is made available by the Agent to such Borrower until the date such amount is repaid to the Administrative Agent, at:

Appears in 2 contracts

Samples: Credit Agreement (Kraft Heinz Co), Credit Agreement (Kraft Heinz Co)

Lender’s Ratable Portion. Unless the Agent has received notice from a Lender prior to 1:00 3:00 p.m. (New York City time) on the day of any Committed Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Committed Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such Committed Borrowing in accordance with subsection (b) of this Section 2.2 and the Agent may, in reliance upon such assumption, make available to the requesting Borrower on such date a corresponding amount. If and to the extent that a Lender has not so made such ratable portion available to the Agent, such Lender and such the Borrower shall severally repay to the Agent forthwith on demand an amount that in the aggregate equals such corresponding amount together with interest thereon for each day from the date such amount is made available by the Agent to such the Borrower until the date such amount is repaid to the Agent, at

Appears in 1 contract

Samples: Credit Agreement (Boeing Co)

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