Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 21 contracts
Samples: Credit Agreement (First Data Corp), Joinder Agreement (First Data Corp), Joinder Agreement (First Data Corp)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesPercentages with respect to the applicable Class. Each Borrowing of New Incremental Term Loans under this Agreement shall be made granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable New Incremental Term Loan CommitmentsCommitments for the applicable Class. Each Borrowing of Additional/Replacement Revolving Credit Loans under this Agreement shall be granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable Additional/Replacement Revolving Credit Commitments for the applicable Class. Each Borrowing of Extended Revolving Credit Loans under this Agreement shall be granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable Extended Revolving Credit Commitments for the applicable Class. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender Lender, severally but and not jointly jointly, shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder hereunder, and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligations under any Credit Document.
Appears in 13 contracts
Samples: Credit Agreement (MultiPlan Corp), Credit Agreement (MultiPlan Corp), Incremental Agreement (Snap One Holdings Corp.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 8 contracts
Samples: Credit Agreement (Mirion Technologies, Inc.), First Lien Credit Agreement (BrightView Holdings, Inc.), First Lien Credit Agreement (BrightView Holdings, Inc.)
Pro Rata Borrowings. Each The Syndicated Loans comprising each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders Banks simultaneously and each Bank's Syndicated Loan shall be equal to such Bank's pro rata on the basis Share of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitmentssuch Borrowing. It is understood that (a) no Lender Bank shall be responsible for any default by any other Lender Bank in its obligation to make Loans a Loan hereunder and that each Lender severally but not jointly Bank shall be obligated to make the Loans provided to be made by it hereunderhereunder subject to the terms hereof, regardless of the failure of any other Lender Bank to fulfill its commitments hereunder and (b) other than commitment to make Loans hereunder. If, as expressly provided herein a result of an error in the determination of any Bank's pro rata Share of a Borrowing with respect to a Defaulting LenderSyndicated Loan, failure by a Lender to perform any Bank makes a Syndicated Loan in excess of its obligations under any pro rata Share (an "Erroneous Loan") the applicable Borrower shall, upon the request of the Credit Documents Administrative Agent, repay a portion of such Syndicated Loan equal to such excess or, within two days of receiving written notice of such error, correct such error by effecting a Borrowing of Syndicated Loans having a comparable maturity to the then remaining maturity of the Erroneous Loan (a "Correcting Loan") and allocating the Correcting Loan among the Banks such that, after such allocation, the sum of the principal amounts of the Erroneous Loan and the Correcting Loan held by each Bank shall represent such Bank's pro rata Share of the sum of the aggregate principal amounts of the Erroneous Loans and the Correcting Loans held by all Banks; provided, however, that the Borrower may not release incur Correcting Loans if, after giving effect to such Correcting Loans, the outstanding Syndicated Loans of any Person from performance Bank shall exceed such Bank's Commitment or if the aggregate principal amount of its obligation under any Credit Documentall Loans outstanding would exceed the Total Commitment then in effect. Borrowings of Correcting Loans shall be subject to all of the terms and conditions of Borrowings hereunder.
Appears in 7 contracts
Samples: Credit Agreement (Textron Inc), 364 Day Credit Agreement (Textron Inc), Credit Agreement (Textron Inc)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Tranche B-2 Term Loans and (iii) Euro Tranche B-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Tranche B-2 Term Loan Commitments and Euro Tranche B-4 Term Loan CommitmentsCommitment, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 6 contracts
Samples: Credit Agreement (GoDaddy Inc.), Credit Agreement (GoDaddy Inc.), Credit Agreement (GoDaddy Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 5 contracts
Samples: Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 4 contracts
Samples: Amendment Agreement (First Data Corp), Credit Agreement (First Data Corp), Credit Agreement (First Data Corp)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term A Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term A Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 4 contracts
Samples: Amendment to Credit Agreement (National Vision Holdings, Inc.), Amendment No. 1 (National Vision Holdings, Inc.), Joinder and Amendment and Restatement Agreement (National Vision Holdings, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesPercentages with respect to the applicable Class. Notwithstanding the foregoing, all Borrowings of Revolving Credit Loans of the Borrower shall be allocated pro rata relative to Commitments across the Revolving Credit Facility. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 3 contracts
Samples: Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of New Revolving Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable New Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 3 contracts
Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Delayed Draw Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Delayed Draw Term Loan Commitments. Each Borrowing of Deposit L/C Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Deposit L/C Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then applicable Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 3 contracts
Samples: Credit Agreement (Energy Future Intermediate Holding CO LLC), Credit Agreement (Energy Future Intermediate Holding CO LLC), Credit Agreement (Energy Future Holdings Corp /TX/)
Pro Rata Borrowings. Each Borrowing All Borrowings of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Revolving Loans under this Agreement shall be made by incurred from the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Revolving Loan Commitments and Euro Tranche Term Loan Commitmentsas in effect at the time of such Borrowing, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement provided that all Mandatory Borrowings shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by incurred from the Lenders pro rata on the basis of their then-RL Percentages; provided, further, that in the case of any Euro Denominated Loans or Sterling Denominated Loans, the Fronting Lender shall make available each applicable New Term Loan CommitmentsRevolving Participant’s pro rata share of such Revolving Loan; provided that the Fronting Lender shall not be obligated to make available the pro rata portion of any Defaulting Lender’s Revolving Loan. It is understood that (a) no Lender shall be responsible for any default by any other Lender in of its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill make its commitments hereunder and (b) other than Loans hereunder. It is further understood that in determining the pro rata share of the Fronting Lender in its capacity as expressly provided herein such with respect to any Borrowing, such pro rata share should be the sum of the pro rata share of such Borrowing of all Revolving Participants (other than any Revolving Participant that is a Defaulting Lender, failure by a ) on whose behalf the Fronting Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documentis making available Loans included in such Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Tranche B-1 Term Loans and (iii) Euro Tranche B-3 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Tranche B-1 Term Loan Commitments or Tranche B-3 Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 2 contracts
Samples: Joinder Agreement and Amendment No. 6 (BrightSpring Health Services, Inc.), Joinder Agreement and Amendment No. 5 (BrightSpring Health Services, Inc.)
Pro Rata Borrowings. Each Borrowing (a) All Borrowings of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro each applicable Tranche of Term Loans under this Agreement shall be made by incurred from the Lenders under such Tranche pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw such Lenders’ Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyunder such Tranche. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no No Lender shall be responsible for any default by any other Lender in of its obligation to make Term Loans hereunder hereunder, and that each Lender severally but not jointly shall be obligated to make the Term Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill make its commitments hereunder and Term Loans hereunder.
(b) All Borrowings of Revolving Loans (including Mandatory RL Borrowings but excluding Swingline Loans) under this Agreement shall be incurred from the Lenders pro rata on the basis of such Lenders’ Revolving Loan Commitments. No Lender shall be responsible for any default by any other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under to make Revolving Loans hereunder, and each Lender shall be obligated to make the Revolving Loans provided to be made by it hereunder, regardless of the failure of any Credit Documentother Lender to make its Revolving Loans hereunder.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (OCI Partners LP)
Pro Rata Borrowings. Each Borrowing of (i) Initial Tranche A Term Loans, (ii) Delayed Draw Tranche B Term Loans and (iii) Euro Tranche C Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Tranche A Term Loan Commitments, Delayed Draw Tranche B Term Loan Commitments and Euro Tranche C Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesCommitments. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 2 contracts
Samples: Credit Agreement (Kinder Morgan Holdco LLC), Credit Agreement (Kinder Morgan Inc)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, . Each Borrowing of Delayed Draw Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 2 contracts
Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.), First Lien Credit Agreement (BrightSpring Health Services, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Initial Term Loan Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders and shall be allocated pro rata on relative to the basis of their then-applicable Commitments across the Revolving Credit Commitment PercentagesFacility. Each Borrowing of New Term Loans and Replacement Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments or Replacement Term Loan Commitments, as applicable. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 2 contracts
Samples: Credit Agreement (PRA Health Sciences, Inc.), Credit Agreement (PRA Health Sciences, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche B-3 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Tranche B-3 Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Tranche B-4 Term Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesTranche B-4 Term Loan Commitments. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable Revolving Credit Commitment Percentages. Each Borrowing of New Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable New Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable Revolving Credit Commitment Percentages. Each Borrowing of New Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable New Revolving Credit Commitments. In addition, as contemplated by Section 2.14, Borrowings of different Classes of Revolving Loans shall be made on a ratable basis as among such Classes. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 2 contracts
Samples: First Lien Credit Agreement (HireRight Holdings Corp), First Lien Credit Agreement (HireRight GIS Group Holdings, LLC)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable Revolving Credit Commitment Percentages. Each Borrowing of New Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable New Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.)
Pro Rata Borrowings. Each Borrowing of Term B Loans (i) Initial including Refinancing Term Loans, (ii) Delayed Draw Term B Loans and (iiiNew Term B Loans) Euro Tranche Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term B Loan Commitments and Euro Tranche or New Term B Loan Commitments, respectivelyCommitments (as applicable) with respect to the applicable Class. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement Commitments with respect to the applicable Class in accordance with Section 2.1(b)(iii) (it being understood that the Non-Extended Revolving Credit Commitments and the Fourth Amendment Extended Revolving Credit Commitments shall be made by drawn on a ratable basis, subject to Section 2.1(b)(iii), as if the Lenders pro rata on Non-Extended Revolving Credit Commitments and the basis Fourth Amendment Extended Revolving Credit Commitments are one Class of their then-applicable New Term Loan CommitmentsRevolving Credit Commitments for this purpose). It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term B Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term B Loan Commitments and Euro Tranche with respect to the applicable Class. Each Borrowing of Term B-1 Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Term B-1 Loan Commitments, respectivelyCommitments with respect to the applicable Class. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement Commitments with respect to the applicable Class; provided that the Original Revolving Credit Commitments and the First Amendment Revolving Credit Commitments shall be made by drawn on a ratable basis as if the Lenders pro rata on Original Revolving Credit Commitments and the basis First Amendment Revolving Credit Commitments are one Class of their then-applicable New Term Loan Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing All Borrowings of (i) Initial Tranche A Term Loans, (ii) Delayed Draw Tranche B Term Loans and (iii) Euro Tranche Term Revolving Loans under this Agreement shall be made by incurred from the Lenders pro rata PRO RATA on the basis of their then-applicable Initial Tranche A Term Loan Commitments, Delayed Draw Tranche B Term Loan Commitments and Euro Tranche Term or Revolving Loan Commitments, respectively. Subject to Section 2.1(b)as the case may be, each Borrowing PROVIDED that all Borrowings of Revolving Credit Loans under this Agreement made pursuant to a Mandatory Borrowing shall be made by incurred from the Revolving Credit Lenders pro rata PRO RATA on the basis of their then-applicable Revolving Credit Commitment Adjusted Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in of its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill make its commitments hereunder and Loans hereunder. For the purposes of clarification, it is understood that no Lender will be obliged to make any Revolving Loan (b) other than as expressly provided herein with respect a Revolving Loan made to repay a Defaulting LenderSwingline Loan), failure by participate in any Swingline Loan (or make a Lender Revolving Loan to perform repay a Swingline Loan) or participate in any Letter of its obligations under any Credit if at the time of the making of such Revolving Loan or Swingline Loan, or the issuance of such Letter of Credit, as the case may be (and after giving effect thereto), the sum of the outstanding principal amount of the Revolving Loans made by such Lender plus such Lender's Percentage of Swingline Loans and Letter of Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentOutstandings would exceed such Lender's Revolving Loan Commitment.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche B-12 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable Revolving Credit Commitment Percentages. Each Borrowing of New Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then applicable New Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (Focus Financial Partners Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Tranche B-1 Term Loans and (iii) Euro Tranche B-3-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Tranche B-1-4 Term Loan Commitments or Tranche B-3 Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then- applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Tranche B-1 Term Loans and (iii) Euro Tranche B-3-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their thenthen‑applicable Tranche B-1-applicable Initial 4 Term Loan Commitments or Tranche B-3 Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then‑applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.)
Pro Rata Borrowings. Each Borrowing All Borrowings of (i) Initial A Term Loans, (ii) Delayed Draw Initial B Term Loans, Incremental A Term Loans, Incremental B Term Loans, Revolving Loans and (iii) Euro Tranche Term Acquisition Revolving Loans under this Agreement shall be made incurred by the Borrower from the Lenders pro rata PRO RATA on the basis of their then-applicable Initial A Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Initial B Term Loan Commitments, respectively. Subject to Section 2.1(b)Incremental A Term Loan Commitments, each Borrowing Incremental B Term Loan Commitments, Revolving Loan Commitments or Acquisition Loan Commitments, as the case may be; PROVIDED that all Borrowings of Revolving Credit Loans under this Agreement made pursuant to a Mandatory Borrowing shall be made by incurred from the Revolving Credit Lenders pro rata PRO RATA on the basis of on their then-applicable Revolving Credit Commitment RL Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in of its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Samples: Credit Agreement (Symons Corp)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw . Each Borrowing of Amendment No. 3 Term Loan Commitments and Euro Tranche Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Amendment No. 3 Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Loan Documents shall not release any Person from performance of its obligation obligation, under any Credit Loan Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (International Market Centers, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesCommitments without regard to the Class of the Revolving Credit Commitments held by such Lender. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders of the relevant Series thereof pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be severally obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and hereunder, (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentDocument and (c) the rights of each Lender under each Credit Document are separate and independent rights and any Indebtedness owed to such Lender under any Credit Document shall be a separate and independent Indebtedness.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing All Borrowings of Loans (iother than Swingline Loans) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by incurred from the Lenders Banks pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw A-1 Term Loan Commitments (and Euro Tranche after the termination thereof, A-1 Term Loans), A-2 Term Loan CommitmentsCommitments (and after the termination thereof, respectively. Subject to Section 2.1(bA-2 Term Loans), each A-3 Term Loan Commitments (and after the termination thereof, X-0 Xxxx Xxxxx), X-0 Term Loan Commitments (and after the termination thereof, B-1 Term Loans), B-2 Term Loan Commitments (and after the termination thereof, B-2 Term Loans), Tranche 1 Revolving Loan Commitments (and after the termination thereof, Tranche 1 Revolving Loans), or Tranche 2 Revolving Loan Commitments (and after the termination thereof, Tranche 2 Revolving Loans), as the case may be; provided that all Borrowings of Tranche 1 Revolving Loans made pursuant to a Tranche 1 Mandatory Borrowing of Revolving Credit Loans under this Agreement shall be made by incurred from the Revolving Credit Lenders Tranche 1 XX Xxxxx pro rata on the basis of their then-applicable Tranche 1 Revolving Credit Commitment Percentages. Each Percentages and all Borrowings of Tranche 2 Revolving Loans made pursuant to a Tranche 2 Mandatory Borrowing of New Term Loans under this Agreement shall be made by incurred from the Lenders Tranche 2 XX Xxxxx pro rata on the basis of their then-applicable New Term Loan CommitmentsTranche 2 Revolving Percentages. It is understood that (a) no Lender Bank shall be responsible for any default by any other Lender in Bank of its obligation to make Loans hereunder and that each Lender severally but not jointly Bank shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender Bank to fulfill make its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentLoans hereunder.
Appears in 1 contract
Samples: Credit Agreement (Gleason Corp /De/)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term B Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term B Loan Commitments and Euro Tranche with respect to the applicable Class. Each Borrowing of Term B-1 Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Term B-1 Loan Commitments, respectivelyCommitments with respect to the applicable Class. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement Commitments with respect to the applicable Class in accordance with Section 2.1(b)(iii) (it being understood that the Non-Extended Revolving Credit Commitments and the Fourth Amendment Extended Revolving Credit Commitments shall be made by drawn on a ratable basis, subject to Section 2.1(b)(iii), as if the Lenders pro rata on Non-Extended Revolving Credit Commitments and the basis Fourth Amendment Extended Revolving Credit Commitments are one Class of their then-applicable New Term Loan CommitmentsRevolving Credit Commitments for this purpose). It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Tranche 1 Term Loans under this Agreement shall be made by the Revolving Credit Additional Tranche 1 Term Loan Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesAdditional Tranche 1 Term Loan Commitments. Each Borrowing of New Incremental Term Loans under this Agreement shall be made by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable New Incremental Term Loan CommitmentsCommitments for the applicable Class. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender Lender, severally but and not jointly jointly, shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder hereunder, and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Loan Documents shall not release any Person from performance of its obligation obligations under any Credit Loan Document.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Tranche B-1 Term Loans and (iiiii) Euro Tranche B-2 Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Tranche B-1 Term Loan Commitments and Euro Tranche B-2 Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesCommitments. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (IPC Systems Holdings Corp.)
Pro Rata Borrowings. EachSubject to Section 2.1(d), each Borrowing of Initial TermRevolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then- applicable Initial Term Loan Commitments. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Deposit L/C Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Deposit L/C Loan Commitments. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then applicable Revolving Credit CommitmentsRevolving Credit Commitments without regard to the Class of Revolving Credit Commitments held by such Lender. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Samples: Amendment No. 2 (Energy Future Intermediate Holding CO LLC)
Pro Rata Borrowings. (a) Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Lender will fund its MN Commitment-A in full on the Closing Date. All Construction Loans and (iii) Euro Tranche Term Loans under this Agreement made after the Closing Date shall be made by the Lenders each Lender pro rata on the basis of their thenits respective MN Commitment-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of B. All Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan CommitmentsRC Lender. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and hereunder.
(b) other than If after giving effect to all Construction Loans made on the Last Drawdown Date the B Lenders have remaining unutilized MN Commitments (before any reduction thereto is effected pursuant to Section 2.03(c)) aggregating at least $1,000,000, then each B Lender will purchase from each A Lender an assignment of such A Lender's Construction Loans in such principal amount as expressly provided herein with respect to a Defaulting Lender, failure will result in the percentage obtained by a Lender to perform any of its obligations under any dividing the principal of the Credit Documents shall not release Construction Loans of an MN Lender by its MN Commitment being the same for each MN Lender. Such assignments will be effected pursuant to Section 11.04 but without any Person from performance of its obligation under any Credit Documentprocessing fee being paid to the Administrative Lender.
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Pro Rata Borrowings. Each Borrowing All Borrowings of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Sub-Tranche 1 Term Loans under this Agreement shall be made by incurred from the Lenders with Initial Sub-Tranche 1 Term Loan Commitments pro rata on the basis of their respective Initial Sub-Tranche 1 Term Loan Commitments, (ii) Initial Sub-Tranche 2 Term Loans under this Agreement shall be incurred from the Lenders with Initial Sub-Tranche 2 Term Loan Commitments pro rata on the basis of their Initial Sub-Tranche 2 Term Loan Commitments, (iii) Initial Sub-Tranche 3 Term Loans under this Agreement shall be incurred from the Lenders with Initial Sub-Tranche 3 Term Loan Commitments pro rata on the basis of their Initial Sub-Tranche 3 Term Loan Commitments, (iv) Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term respective Revolving Loan Commitments and Euro (v) Incremental Term Loans of a particular Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by incurred from the Lenders pro rata on the basis of their then-applicable New respective Incremental Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in of its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill make its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentLoans hereunder.
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Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term NRT Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan CommitmentsNRT Commitment Percentage, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyprovided that the Administrative Agent may adjust the proportions of the Lenders with respect to any Borrowing to be granted by such Lenders to ensure that no Lender’s NRT Exposure (after granting its portion of such Borrowing) exceeds its NRT Commitment. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable New Term Loan CommitmentsRevolving Commitment Percentage, provided that the Administrative Agent may adjust the proportions of the Lenders with respect to any Borrowing to be granted by such Lenders to ensure that no Lender’s Revolving Exposure (after granting its portion of such Borrowing) exceeds its Revolving Commitment. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make NRT Loans or Revolving Loans hereunder and that each Lender severally but not jointly shall be obligated to make the NRT Loans or Revolving Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill fulfil its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Samples: Credit Agreement
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Delayed Draw Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Commitments and Delayed Draw Term Loan Commitments and Euro Tranche Term Loan CommitmentsCommitment, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by -94- any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made granted by the Term Loan Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectivelyCommitment. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesCommitments. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be severally obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and hereunder, (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentDocument and (c) the rights of each Lender under each Credit Document are separate and independent rights and any Indebtedness owed to such Lender under any Credit Document shall be a separate and independent Indebtedness.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Delayed Draw Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Commitments and Delayed Draw Term Loan Commitments and Euro Tranche Term Loan CommitmentsCommitment, respectivelyas applicable. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (GoDaddy Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-then applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document. Each Borrowing of Swingline Loans under this Agreement shall be made by the Swingline Lenders pro rata on the basis of their then applicable Swingline Subcommitments. It is understood that (a) no Swingline Lender shall be responsible for any default by any other Swingline Lender in its obligation to make Swingline Loans hereunder and that each Swingline Lender severally but not jointly shall be obligated to make the Swingline Loans provided to be made by it hereunder, regardless of the failure of any other Swingline Lender to fulfill its commitments hereunder and (b) failure by a Swingline Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro 2020 GDI Tranche B-2 Dollar Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial 2020 GDI Tranche B-2 Dollar Term Loan Commitments, Delayed Draw . Each Borrowing of 2020 GDI Tranche B-2 Euro Term Loan Commitments and Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable 2020 GDI Tranche B-2 Euro Tranche Term Loan Commitments, respectively. Subject Each Borrowing of Series A New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Series A New Term Loan Commitments. All Borrowings of Revolving Credit Loans of each Borrower shall be allocated pro rata relative to Section 2.1(b), each Commitments across the 20192023 Revolving Credit Facility. Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Tranche A Term Loans, (ii) Delayed Draw Tranche B Term Loans and (iii) Euro European Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Tranche A Term Loan Commitments, Delayed Draw Tranche B Term Loan Commitments and Euro European Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (Hca Inc/Tn)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Closing Date Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable New Revolving Loan Commitments. Each Borrowing of Delayed Draw Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Delayed Draw Term Loan Commitments. Each Borrowing of Incremental Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Incremental Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement Table of Contents shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesPercentages with respect to the applicable Class. Each Borrowing of New Incremental Term Loans under this Agreement shall be made granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable New Incremental Term Loan CommitmentsCommitments for the applicable Class. Each Borrowing of Extended Revolving Credit Loans under this Agreement shall be granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable Extended Revolving Credit Commitments for the applicable Class. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender Lender, severally but and not jointly jointly, shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder hereunder, and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligations under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (Amsurg Corp)
Pro Rata Borrowings. Each Borrowing All Borrowings of (i) Initial Adience A Term Loans, (ii) Delayed Draw Adience B Term Loans, Adience B-2 Term Loans, Adience C Term Loans, Newco A Term Loans, Newco B Term Loans and (iii) Euro Tranche Term Revolving Loans under this Agreement shall be made by incurred from the Lenders Banks pro rata on the basis of their then-applicable Initial Adience A Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Adience B Term Loan Commitments, respectively. Subject to Section 2.1(b)Adience B-2 Term Loan Commitments, each Borrowing Adience C Term Loan Commitments, Newco A Term Loan Commitments, Newco B Term Loan Commitments or Revolving Loan Commitments, as the case may be, provided that all Borrowings of Revolving Credit Loans under this Agreement made pursuant to a Mandatory Borrowing or a Mandatory Sterling Borrowing, as the case may be, shall be made by incurred from the Banks with Revolving Credit Lenders Loan Commitments pro rata on the basis of their then-applicable Revolving Credit Commitment RL Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender Bank shall be responsible for any default by any other Lender in Bank of its obligation to make Loans hereunder and that each Lender severally but not jointly Bank shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender Bank to fulfill make its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit DocumentLoans hereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made granted by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment PercentagesPercentages with respect to the applicable Class. Each Borrowing of New Incremental Term Loans under this Agreement shall be made granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable New Incremental Term Loan CommitmentsCommitments for the applicable Class. Each Borrowing of Extended Revolving Credit Loans under this Agreement shall be granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable Extended Revolving Credit Commitments for the applicable Class. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender Lender, severally but and not jointly jointly, shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder hereunder, and (b) other than as expressly provided herein with respect to a Defaulting Lender, NY\6379601.11 failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligations under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (Amsurg Corp)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term B Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term B Loan Commitments and Euro Tranche Term Loan Commitments, respectivelywith respect to the applicable Class. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit New Term B-1B Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made granted by the Lenders pro rata on the basis of their then-applicable New Term B-1B Loan CommitmentsCommitments with respect to the applicable Class. Each Borrowing of Revolving Credit Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Revolving Credit Commitments with respect to the applicable Class in accordance with Section 2.1(b)(iii) (it being understood that the Non-Extended Revolving Credit Commitments and the Fourth Amendment Extended Revolving Credit Commitments shall be drawn on a ratable basis, subject to Section 2.1(b)(iii), as if the Non-Extended Revolving Credit Commitments and the Fourth Amendment Extended Revolving Credit Commitments are one Class of Revolving Credit Commitments for this purpose). It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Documenthereunder.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw . Each Borrowing of Term Loan Commitments and Euro Tranche A Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Term A Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: Joinder and Amendment Agreement (National Vision Holdings, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-then applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.. Each Borrowing of Swingline Loans under this Agreement shall be made by the Swingline Lenders pro rata on the basis of their then applicable Swingline Subcommitments. It is understood that (a) no Swingline Lender shall be responsible for any default by any other Swingline Lender in its obligation to make Swingline Loans hereunder and that each Swingline Lender severally but not jointly shall be obligated to make the Swingline Loans provided to be made by it hereunder, regardless of the failure of any other Swingline Lender to fulfill its commitments hereunder and (b) failure by a Swingline Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document. [CREDIT AGREEMENT]
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of Revolving Credit Loans (i) Initial Term Loans, (ii) Delayed Draw Term other than Swingline Loans and (iiiProtective Advances) Euro Tranche Term under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Revolving Credit Commitments. Each Borrowing of FILO Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan FILO Credit Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Incremental Revolving Credit Commitments. Each Borrowing of Extended Revolving Credit Loans under this Agreement shall be made by the Extending Lenders pro rata on the basis of their then-applicable Extended Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche B-4-5 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their thenthen‑applicable Tranche B-4-applicable Initial 5 Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject to Section 2.1(b), each Each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then‑applicable New Term Loan Commitments. Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Incremental Revolving Credit Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation obligation, under any Credit Document.
Appears in 1 contract
Samples: First Lien Credit Agreement (BrightSpring Health Services, Inc.)
Pro Rata Borrowings. Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively. Subject EachSubject to Section 2.1(b), each Borrowing of Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Revolving Credit Commitment Percentages. Each Borrowing of New Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable New Term Loan Commitments. It is understood that (a) no Lender shall be responsible for any default by any other Lender in its obligation to make Loans hereunder and that each Lender severally but not jointly shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder and (b) other than as expressly provided herein with respect to a Defaulting Lender, failure by a Lender to perform any of its obligations under any of the Credit Documents shall not release any Person from performance of its obligation under any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (First Data Corp)