Common use of PAYMENT CONSTITUTING RATABLE PORTION Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Om Group Inc), Credit Agreement (Om Group Inc)

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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 Borrowing, and the Borrower shall have no further obligation to make the payment required by this Section.

Appears in 1 contract

Samples: Credit and Security Agreement (Curtis Sub Inc)

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PAYMENT CONSTITUTING RATABLE PORTION. If such Bank Lender pays to the Agent the BankLender's Ratable Portion of such Revolving Credit Borrowing prior to repayment of such amount by the Borrower, the amount so repaid shall constitute such BankLender's Ratable Portion of such Revolving Credit Borrowing Borrowing, and the Borrower shall have no further obligation to make the payment required by this SectionSection 2.5(a).

Appears in 1 contract

Samples: Credit and Security Agreement (Diy Home Warehouse Inc)

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