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 their respective Loan 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. (b) The Loan Commitments shall be made available by each Lender during the Availability Period; provided, that in no event shall any Loans be available after the Final Availability Date.

Pro Rata Borrowings; Availability. (a) Each Borrowing shall be incurred ratably among the Lenders based upon the amount of their respective each Lender’s Loan CommitmentsCommitment. 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. (b) The Loan Commitments Commitment of each Lender shall be made available by each such Lender during the Availability Period; provided, that in no event shall any Loans be available after the Final Availability Date.