Common use of Pro Rata Treatment and Payments; Evidence of Debt Clause in Contracts

Pro Rata Treatment and Payments; Evidence of Debt. (a) Each borrowing of Loans under any Facility by the Company or any Subsidiary Borrower from the Lenders under such Facility, each payment by the Company or any Subsidiary Borrower on account of any Facility Fee or any fee payable pursuant to the L/C Fee Letter, and any reduction of the Commitments of the Lenders under any Facility shall be made pro rata according to the respective Percentages under such Facility, of the relevant Lenders in such Facility except to the extent required or permitted pursuant to Sections 2.9, 2.11, 2.24, 2.25, 2.27, 2.29 and 2.30 and except, in the case of the L/C Tranche Facility, as otherwise provided in the L/C Fee Letter.

Appears in 2 contracts

Samples: Guarantee Agreement (General Motors Financial Company, Inc.), Guarantee Agreement (General Motors Financial Company, Inc.)

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Pro Rata Treatment and Payments; Evidence of Debt. (a) Each borrowing of Loans under any Facility by the Company or any Subsidiary Borrower from the Lenders under such Facility, each payment by the Company or any Subsidiary Borrower on account of any Facility Fee or any fee payable pursuant to the L/C Fee Letter, and any reduction of the Commitments of the Lenders under any Facility shall be made pro rata according to the respective Percentages under such Facility, of the relevant Lenders in such Facility except to the extent required or permitted pursuant to Sections 2.92.12, 2.11, 2.24, 2.252.14, 2.27, 2.29 2.28, 2.30, 2.32 and 2.30 2.33 and except, in the case of the L/C Tranche Facility, as otherwise provided in the L/C Fee Letter.

Appears in 1 contract

Samples: Guarantee Agreement (General Motors Financial Company, Inc.)

Pro Rata Treatment and Payments; Evidence of Debt. (a) Each borrowing of Loans under any Facility by the Company or any Subsidiary Borrower from the Lenders under such Facility, each payment by the Company or any Subsidiary Borrower on account of any Facility Fee or any fee payable pursuant to the L/C Fee Letter, and any reduction of the Commitments of the Lenders under any Facility shall be made pro rata according to the respective Percentages under such Facility, of the relevant Lenders in such Facility except to the extent required or permitted pursuant to Sections 2.92.12, 2.11, 2.24, 2.252.14, 2.27, 2.29 2.28, 2.30, and 2.30 2.32 and except, in the case of the L/C Tranche Facility, as otherwise provided in the L/C Fee Letter.

Appears in 1 contract

Samples: Guarantee Agreement (General Motors Financial Company, Inc.)

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Pro Rata Treatment and Payments; Evidence of Debt. (a) Each borrowing of Loans under any Facility by the Company or any Subsidiary Borrower from the Lenders under such Facility, each payment by the Company or any Subsidiary Borrower on account of any Facility Fee or any fee payable pursuant to the L/C Fee Letter, and any reduction of the Commitments of the Lenders under any Facility shall be made pro rata according to the respective Percentages under such Facility, of the relevant Lenders in such Facility except to the extent required or permitted pursuant to Sections 2.92.12, 2.11, 2.24, 2.252.14, 2.27, 2.29 2.28, 2.30, and 2.30 2.32 and except, in the case of the L/C Tranche Facility, as otherwise provided in the L/C Fee Letter.. 51 509265-1725-11432-13209999

Appears in 1 contract

Samples: Guarantee Agreement (General Motors Co)

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