PAYMENT CONSTITUTING RATABLE PORTION Sample Clauses

PAYMENT CONSTITUTING RATABLE PORTION. If such Bank pays to the Agent the Bank's Ratable Portion of such Revolving Credit Borrowing prior to repayment of such amount by the Borrower, the amount so repaid shall constitute such Bank's Ratable Portion of such Revolving Credit Borrowing and the Borrower shall have no further obligation to make the payment required by this Section.
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PAYMENT CONSTITUTING RATABLE PORTION. If such Bank pays to the Administrative Agent the Bank's Ratable Portion of such Revolving Credit Borrowing or Term Borrowing or such Bank's participation purchase price, as the case may be, prior to repayment of such amount by the Borrower, the amount so repaid shall constitute such Bank's Ratable Portion of such Revolving Credit Borrowing or Term Borrowing or participation purchase price, as the case may be. In such circumstances, the Borrowers shall have no further obligation to make the payment required by this Section. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Sections 2.3 and 2.11(g) hereof, as the case may be.
Sample 1
PAYMENT CONSTITUTING RATABLE PORTION. If any such Revolving Credit Lender pays to the Administrative Agent such Revolving Credit Lender's Ratable Portion of such Revolving Credit Borrowing or such Revolving Credit Lender's participation purchase price, as the case may be, or any Term B Lender pays to the Administrative Agent such Term B Lender's funds for its Term B Loan, prior to repayment of such amount by the Borrower, the amount so repaid shall constitute such Revolving Credit Lender's Ratable Portion of such Revolving Credit Borrowing or participation purchase price or such Term B Lender's Term B Loan, as the case may be. In such circumstances, the Borrower shall have no further obligation to make the payment required by this Section. Such payment shall be applied as if paid when otherwise required hereunder and shall be applied as provided in Sections 2.4 and 2.11(f) hereof, as the case may be.
Sample 1

Related to PAYMENT CONSTITUTING RATABLE PORTION

  • Date and Denomination of Notes; Payments of Interest and Defaulted Amounts (a) The Notes shall be issuable in registered form without coupons in denominations of $1,000 principal amount and integral multiples thereof. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of such Note. Accrued interest on the Notes shall be computed on the basis of a 360-day year composed of twelve 30-day months and, for partial months, on the basis of the number of days actually elapsed in a 30-day month.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Mandatory Prepayments due to Borrowing Base Deficiency In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall, within five Business Days after delivery of the applicable Borrowing Base Certificate, prepay the Loans (or provide Cash Collateral for Letters of Credit as contemplated by Section 2.05(k)) or reduce Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time in such amounts as shall be necessary so that such Borrowing Base Deficiency is cured; provided that (i) the aggregate amount of such prepayment of Loans (and Cash Collateral for Letters of Credit) shall be at least equal to the Revolving Percentage times the aggregate prepayment of the Covered Debt Amount, and (ii) if, within five Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency, the Borrower shall present the Lenders with a reasonably feasible plan acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five Business Days permitted for delivery of such plan), then such prepayment or reduction shall not be required to be effected immediately but may be effected in accordance with such plan (with such modifications as the Borrower may reasonably determine), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period.

  • Setoff Ratable Payments 37 11.1 Setoff..................................................................................................37 11.2

  • Mandatory Payments and Prepayments (a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full on the Maturity Date.

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Payment and Prepayment of the Notes Section 8.1.

  • Repayments Prepayments Interest and Fees SECTION 3.1.

  • Original Subordinated Percentage The Original Subordinated Percentage is 3.20668095%.

  • Ratable Payments If any Lender, whether by setoff or otherwise, has payment made to it upon its Loans (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Loans held by the other Lenders so that after such purchase each Lender will hold its ratable proportion of Loans. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their Loans. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made.

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