Common use of Pro Rata Advances Clause in Contracts

Pro Rata Advances. Subject to Sections 6.1, 6.2, 6.3 and 6.4, all Advances made by the Lenders will be made in accordance with each Participating Lender’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facilities.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

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Pro Rata Advances. Subject to Sections 6.1, 6.2, 6.3 6.3, 6.4, 9.4(a) and 6.410.6, all Advances made by the Lenders will be made in accordance with each Participating Lender’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facilities.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

Pro Rata Advances. Subject to Sections 6.13.5, 6.23.10, 6.3 7.2, 7.3, 7.4, 11.1(d) and 6.4, 21.17 all Advances made by the Lenders will be made in accordance with each Participating Lender’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit FacilitiesFacility.

Appears in 1 contract

Samples: Credit Agreement (Penn West Petroleum Ltd.)

Pro Rata Advances. Subject to Sections 6.13.4, 6.23.9, 6.3 7.2 7.4, 11.1(d) and 6.4, 21.18 all Advances made by the Lenders will be made in accordance with each Participating Lender’s 's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit FacilitiesFacility.

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

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Pro Rata Advances. Subject to Sections 6.13.4, 6.23.9, 6.3 7.2, 7.4, 11.1(d) and 6.4, 21.18 all Advances made by the Lenders will be made in accordance with each Participating Lender’s 's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit FacilitiesFacility.

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

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