Common use of Pro Rata Treatment Amongst Lenders Clause in Contracts

Pro Rata Treatment Amongst Lenders. (A) Except as otherwise provided herein each borrowing, each payment of principal or interest on the Revolving Advances, each payment of fees and each reduction of the Commitments shall be made or shared among the Lenders pro rata according to their respective applicable Commitments (or, if such Commitments shall have expired or terminated, other than with respect to payment of Unused Line Fees, in accordance with the respective principal amounts of their outstanding Revolving Advances). Each Lender agrees that in computing each Lender’s portion of any Revolving Advance to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such Revolving Advance out to 9 decimal places.

Appears in 1 contract

Samples: Credit Agreement (Vivint Solar, Inc.)

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Pro Rata Treatment Amongst Lenders. (A) Except as otherwise provided herein each borrowing, each payment of principal or interest on the Revolving Advances, each payment of fees contemplated hereunder and each reduction of the Commitments shall be made or shared among the Lenders pro rata according to their respective applicable Commitments (or, if such Commitments shall have expired or terminated, other than with respect to payment of Unused Line Fees, in accordance with the respective principal amounts of their outstanding Revolving Advances). Each Lender agrees that in computing each Lender’s portion of any Revolving Advance to be made hereunder, the Borrower may (with the consent of the Administrative Agent may, in its discretion, Agent) round each Lender’s percentage of such Revolving Advance out to 9 decimal places.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Pro Rata Treatment Amongst Lenders. (A) Except as otherwise provided herein each borrowing, each payment of principal or interest on the Revolving Advances, each payment of fees contemplated hereunder and each reduction of the Commitments shall be made or shared among the Lenders pro rata according to their respective applicable Commitments (or, if such Commitments shall have expired or terminated, other than with respect to payment of Unused Line Fees, in accordance with the respective principal amounts of their outstanding Revolving Advances). Each Lender agrees that in computing each LenderXxxxxx’s portion of any Revolving Advance to be made hereunder, the Borrower may (with the consent of the Administrative Agent may, in its discretion, Agent) round each Lender’s percentage of such Revolving Advance out to 9 decimal places.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

Pro Rata Treatment Amongst Lenders. (A) Except as otherwise provided herein each borrowing, each payment of principal or interest on the Revolving Advances, each payment of fees contemplated hereunder and each reduction of the Commitments shall be made or shared among the Lenders pro rata according to their respective applicable Commitments (or, if such Commitments shall have expired or terminated, other than with respect to payment of Unused Line Fees, in accordance with the respective principal amounts of their outstanding Revolving Advances). Each Lender agrees that in computing each LenderXxxxxx’s portion of any Revolving Advance to be made hereunder, the Borrower may (with the consent of the Administrative Agent may, in its discretion, Agent) round each Lender’s percentage of such Revolving Advance out to 9 decimal places.. ARTICLE III

Appears in 1 contract

Samples: Custodial Agreement (Sunrun Inc.)

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Pro Rata Treatment Amongst Lenders. (A) Except as otherwise provided herein each borrowing, each payment of principal or interest on the Revolving Advances, each payment of fees contemplated hereunder and each reduction of the Commitments shall be made or shared among the Lenders pro rata according to their respective applicable Commitments (or, if such Commitments shall have expired or terminated, other than with respect to payment of Unused Line Fees, in accordance with the respective principal amounts of their outstanding Revolving Advances). Each Lender agrees that in computing each LenderXxxxxx’s portion of any Revolving Advance to be made hereunder, the Borrower may (with the consent of the Administrative Agent may, in its discretion, Agent) round each Lender’s percentage of such Revolving Advance out to 9 decimal places. [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed.

Appears in 1 contract

Samples: Credit Agreement (Sunrun Inc.)

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