Common use of Pro Rata Borrowings; Availability Clause in Contracts

Pro Rata Borrowings; Availability. (a) Each Borrowing shall be incurred ratably among the Lenders based upon the amount of each Lender’s Loan Commitment. It is agreed that no Lender shall be responsible for any default by any other Lender of its obligation to make a Loan hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder regardless of the failure of any other Lender to make a Loan hereunder.

Pro Rata Borrowings; Availability. (a) Each Borrowing shall be incurred ratably among the Lenders based upon the amount of each Lender’s their respective Loan CommitmentCommitments. It is agreed that no Lender shall be responsible for any default by any other Lender of its obligation to make a Loan hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder regardless of the failure of any other Lender to make a Loan hereunder.

Pro Rata Borrowings; Availability. (a) Each Borrowing The Loans shall be incurred ratably among the Lenders based upon the amount of each Lender’s Loan Commitmenttheir respective Term Percentages and Revolving Percentages, as the case may be. It is agreed that no Lender shall be responsible for any default by any other Lender of its obligation to make a Loan hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder regardless of the failure of any other Lender to make a Loan hereunderLoan.

Pro Rata Borrowings; Availability. (a) Each Borrowing of Loans (other than Borrowings of Loans to be utilized pursuant to Section 2.5(c)) shall be incurred ratably among the Lenders based upon the amount of each Lender’s Loan Commitmenttheir respective Commitments. It is agreed that no Lender shall be responsible for any default by any other Lender of its obligation to make a Loan hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder regardless of the failure of any other Lender to make a Loan hereunder.

Pro Rata Borrowings; Availability. (a) Each Borrowing of Loans shall be incurred contemporaneously and ratably among the applicable Lenders based upon the amount of each Lender’s their respective Construction Loan CommitmentCommitments of the applicable Tranche. It is agreed that no Lender shall be responsible for any default by any other Lender of its obligation to make a Loan hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder regardless of the failure of any other Lender to make a Loan hereunder.