Common use of Pro Rata Shares Clause in Contracts

Pro Rata Shares. All Loans shall be made, and all participations purchased under Section 2.17, 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 under this Agreement or purchase a participation required hereby under Section 2.17 nor shall any 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 under this Agreement or purchase a participation required hereby under Section 2.17.

Appears in 3 contracts

Samples: Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Counterpart Agreement (Reliant Pharmaceuticals, Inc.)

AutoNDA by SimpleDocs

Pro Rata Shares. All Loans shall be made, and all participations purchased under Section 2.17, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender and Administrative Agent shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested under this Agreement or purchase a participation required hereby under Section 2.17 nor shall any 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 under this Agreement or purchase a participation required hereby under Section 2.17.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Credit and Guaranty Agreement (Reliant Pharmaceuticals, Inc.), Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.)

Pro Rata Shares. All Subject to the other provisions of this Agreement, including Section 9.23, all Loans shall be made, and all participations purchased under Section 2.17purchased, 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 under this Agreement hereunder or purchase a participation required hereby under Section 2.17 nor shall any Revolving 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 under this Agreement hereunder or purchase a participation required hereby under Section 2.17hereby.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Las Vegas Sands Corp), Revolving Credit Agreement (Las Vegas Sands Corp)

Pro Rata Shares. All Subject to the other provisions of this Agreement, including Section 9.23, all Loans shall be made, and all participations purchased under Section 2.17purchased, 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 under this Agreement hereunder or purchase a participation required hereby under Section 2.17 nor shall any Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other LenderXxxxxx’s obligation to make a Loan requested under this Agreement hereunder or purchase a participation required hereby under Section 2.17hereby.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Las Vegas Sands Corp), Revolving Credit Agreement (Las Vegas Sands Corp)

AutoNDA by SimpleDocs

Pro Rata Shares. All Subject to the other provisions of this Agreement, including Section 9.21, all Loans shall be made, and all participations purchased under Section 2.17purchased, 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 under this Agreement hereunder or purchase a participation required hereby under Section 2.17 nor shall any Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other LenderXxxxxx’s obligation to make a Loan requested under this Agreement hereunder or purchase a participation required hereby under Section 2.17hereby.

Appears in 1 contract

Samples: Revolving Credit Agreement (Las Vegas Sands Corp)

Pro Rata Shares. All Loans shall be made, and and, subject to adjustments pursuant to Section 2.21, all participations purchased under Section 2.17purchased, by Lenders Xxxxxxx 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 under this Agreement hereunder or purchase a participation required hereby under Section 2.17 nor shall any Commitment of any Lender be increased or decreased as a NAI-1537241654v2 result of a default by any other Lender in such other LenderXxxxxx’s obligation to make a Loan requested under this Agreement hereunder or purchase a participation required hereby under Section 2.17hereby.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Priority Technology Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!