Common use of Pro Rata Treatment Among Banks Clause in Contracts

Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than the Agency Fee, the Arrangement Fee and the Origination Fee) shall be made for the account of the Banks pro rata according to the amount of their respective Commitment; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata according to each Bank's respective Revolving Credit Commitment; (c) each payment and repayment of principal of or interest on Loans will be made to the Agent for the account of the Banks pro rata in accordance with the respective unpaid principal amounts of the Loans held by such Banks; and (d) each conversion of Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata among the Banks holding Loans of such Type according to the respective principal amounts of such Loans held by such Banks.

Appears in 2 contracts

Samples: Loan Agreement (Health Care Reit Inc /De/), Loan Agreement (Health Care Reit Inc /De/)

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Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than the Agency Fee, the Arrangement Fee and the Origination Fee) shall be made for the account of the Banks pro rata according to the amount of their respective CommitmentRevolving Percentage; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata according to each Bank's ’s respective Revolving Credit CommitmentPercentage; (c) each payment and repayment of principal of or interest on Revolving Credit Loans will be made to the Agent for the account of the Banks pro rata in accordance with the respective unpaid principal amounts of the Revolving Credit Loans held by such Banks; and (d) each conversion of Revolving Credit Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata among the Banks holding Revolving Credit Loans of such Type according to the respective principal amounts of such Revolving Credit Loans held by such Banks.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than as set forth in subsection 2.8(a) hereof and the Agency Fee, the Arrangement Fee and the Origination Arrangement Fee) shall be made for the account of the Banks pro rata PRO RATA according to the amount of their respective CommitmentCommitments; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata PRO RATA according to each Bank's respective Revolving Credit Commitment; (c) each payment and repayment of principal of or interest on Loans will be made to the Agent for the account of the Banks pro rata PRO RATA in accordance with the respective unpaid principal amounts of the Loans held by such Banks; and (d) each conversion of Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata PRO RATA among the Banks holding Loans of such Type type according to the respective principal amounts of such Loans held by such Banks.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than the Agency Fee, the Arrangement Fee and the Origination Fee) shall be made for the account of the Banks pro rata PRO RATA according to the amount of their respective Commitment; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata PRO RATA according to each Bank's respective Revolving Credit Commitment; (c) each payment and repayment of principal of or interest on Loans will be made to the Agent for the account of the Banks pro rata PRO RATA in accordance with the respective unpaid principal amounts of the Loans held by such Banks; and (d) each conversion of Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata PRO RATA among the Banks holding Loans of such Type according to the respective principal amounts of such Loans held by such Banks.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than as set forth in subsection 2.8(a) hereof and the Agency Fee, the Arrangement Fee and the Origination Arrangement Fee) shall be made for the account of the Banks pro rata according to the amount Dollar Amount of their respective CommitmentCommitments; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata according to each Bank's respective Revolving Credit Commitment; (c) each payment and repayment of principal of or interest on Loans will be made to the Agent for the account of the Banks pro rata in accordance with the respective unpaid principal amounts of the Loans held by such Banks; and (d) each conversion of Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata among the Banks holding Loans of such Type type according to the respective principal amounts of such Loans held by such Banks.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

Pro Rata Treatment Among Banks. Except as otherwise provided herein: (a) each borrowing from the Banks under Section 2.1 hereof will be made from the Banks and each payment of each Fee (other than the Agency Fee, the Arrangement Fee and the Origination Fee) shall be made for the account of the Banks pro rata PRO RATA according to the amount of their respective CommitmentUnused Commitments; (b) each partial reduction of the Total Revolving Credit Commitment shall be applied to the Revolving Credit Commitments of the Banks pro rata PRO RATA according to each Bank's respective Revolving Credit Commitment; (c) each payment and repayment of principal of or interest on Loans will be made to the Agent for the account of the Banks pro rata PRO RATA in accordance with the respective unpaid principal amounts of the Loans held by such Banks; and (d) each conversion of Loans of a particular Type under Section 2.17 hereof (other than conversions provided for by Section 2.20 or 2.21 hereof) shall be made pro rata PRO RATA among the Banks holding Loans of such Type according to the respective principal amounts of such Loans held by such Banks.

Appears in 1 contract

Samples: Loan Agreement (Health Care Reit Inc /De/)

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