Pro Rata Shares Availability of Funds Affiliates Sample Clauses

Pro Rata Shares Availability of Funds Affiliates. (a) Pro Rata Shares. Except with respect to Tranche A Term Loans and Tranche B Term Loans to be made on the Restatement Date pursuant to Section 2.01(a), which Loans shall bewere made by Lenders simultaneously and proportionately to their First Amendment Tranche A Term Loan Commitments and First Amendment Tranche B Term Loan Commitments, respectively, as of the Restatement as of the Restatement Date, respectively, and except with respect to the Second Amendment Incremental Tranche A Term Loans to be made on the Second Amendment Date pursuant to Section 2.01(a), which Loans shall be made by Lenders proportionately to their Second Amendment Tranche A Term Loan Commitments as of the Second Amendment Date, all Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares of the applicable Class of Loans, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitments or any Revolving Commitments of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.
Sample 1
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Pro Rata Shares Availability of Funds Affiliates. (a) Pro Rata Shares. Except with respect to Tranche A Term Loans and Tranche B Term Loans to be made on the Restatement Date pursuant to Section 2.01(a), which Loans shall be made by Lenders simultaneously and proportionately to their First Amendment Tranche A Term Loan Commitments and First Amendment Tranche B Term Loan Commitments, respectively, as of the Restatement Date, all Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares of the applicable Class of Loans, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitments or any Revolving Commitments of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby. NY\6180200.13
Sample 1
Pro Rata Shares Availability of Funds Affiliates 
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Related to Pro Rata Shares Availability of Funds Affiliates

  • Pro Rata Shares Availability of Funds (a) All Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender's obligation to make a Loan requested hereunder nor shall the Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender's obligation to make a Loan requested hereunder.

  • Provisions Related to Extended Revolving Credit Commitments If the maturity date shall have occurred in respect of any tranche of Revolving Credit Commitments (the “Expiring Credit Commitment”) at a time when another tranche or tranches of Revolving Credit Commitments is or are in effect with a longer maturity date (each a “Non-Expiring Credit Commitment” and collectively, the “Non-Expiring Credit Commitments”), then with respect to each outstanding Swing Line Loan, if consented to by the applicable Swing Line Lender, on the earliest occurring maturity date such Swing Line Loan shall be deemed reallocated to the tranche or tranches of the Non-Expiring Credit Commitments on a pro rata basis; provided that (x) to the extent that the amount of such reallocation would cause the aggregate credit exposure to exceed the aggregate amount of such Non-Expiring Credit Commitments, immediately prior to such reallocation the amount of Swing Line Loans to be reallocated equal to such excess shall be repaid or Cash Collateralized and (y) notwithstanding the foregoing, if a Default or Event of Default has occurred and is continuing, the Borrower shall still be obligated to pay Swing Line Loans allocated to the Revolving Credit Lenders holding the Expiring Credit Commitments at the maturity date of the Expiring Credit Commitment or if the Loans have been accelerated prior to the maturity date of the Expiring Credit Commitment. Upon the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Swing Line Loans may be reduced as agreed between the Swing Line Lender and the Borrower, without the consent of any other Person.

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