Common use of Lender’s Ratable Portion Clause in Contracts

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

Appears in 13 contracts

Samples: Credit Agreement, Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.)

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Lender’s Ratable Portion. Unless the Administrative Facility Agent shall have received notice from a an Appropriate Lender prior to 11:00 a.m. 2:00 P.M. (New York City London time) on the day of any Pro Rata Borrowing that such Lender will not make available to the Administrative Facility Agent such Lender’s ratable portion of such Pro Rata Borrowing, the Administrative Facility Agent may assume that such Lender has made such portion available to the Administrative Facility Agent on the date of such Pro Rata Borrowing in accordance with Section 2.02(b2.4(b) and the Administrative Facility Agent may, in reliance upon such assumption, make available to the Borrower proposing such Pro Rata Borrowing on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Administrative Agent, Facility Agent such Lender and such Borrower severally agree to repay to the Administrative Agent, Facility Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Administrative Agent, Facility Agent at:

Appears in 2 contracts

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

Lender’s Ratable Portion. Unless the Administrative Facility Agent shall have received notice from a an Appropriate Lender prior to 11:00 a.m. 2:00 P.M. (New York City London time) on the day of any Pro Rata Borrowing that such Lender will not make available to the Administrative Facility Agent such Lender’s ratable portion of such Pro Rata Borrowing, the Administrative Facility Agent may assume that such Lender has made such portion available to the Administrative Facility Agent on the date of such Pro Rata Borrowing in accordance with Section 2.02(b2.3(b) and the Administrative Facility Agent may, in reliance upon such assumption, make available to the Borrower proposing such Pro Rata Borrowing on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Administrative Agent, Facility Agent such Lender and such Borrower severally agree to repay to the Administrative Agent, Facility Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Administrative Agent, Facility Agent at:

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (Mondelez International, Inc.), Credit Agreement (Mondelez International, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Mondelez International, Inc.)

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