Common use of Pro Rata Treatment, etc Clause in Contracts

Pro Rata Treatment, etc. Except as required under Sections 2.2 and 2.10, each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each reduction of the Commitments, each refinancing of any Borrowing with a Borrowing of any Type and each conversion of Loans, shall be made pro rata among the Banks in accordance with their respective Commitment Percentages. Each Bank agrees that in computing such Bank’s portion of any Borrowing to be made hereunder, the Agent may, in its discretion, round each Bank’s percentage of such Borrowing to the next higher or lower whole dollar amount.

Appears in 2 contracts

Samples: Credit Agreement (Aqua America Inc), Credit Agreement (Aqua America Inc)

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Pro Rata Treatment, etc. Except as required under Sections 2.2 Section 2.10 and 2.10----------------------- subject to the provisions of the Fee Letter, each Borrowing, each payment or prepayment of principal of any Borrowing, each conversion of Loans, each payment of interest on the Loans, Loans and each reduction payment of Commitment Fees and other fees payable for the benefit of the Commitments, each refinancing of any Borrowing with a Borrowing of any Type and each conversion of Loans, Lenders shall be made pro rata among the Banks Lenders in accordance with their respective Commitment Percentages. Each Bank Lender agrees that in computing such Bank’s Lender's portion of any Borrowing to be made hereunder, the Agent may, in its discretion, round each Bank’s Lender's percentage of such Borrowing to the next higher or lower whole dollar amount.

Appears in 2 contracts

Samples: Credit Agreement (Creditrust Corp), Credit Agreement (Creditrust Corp)

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Pro Rata Treatment, etc. Except as required under Sections 2.2 and 2.10, each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each reduction of the Commitments, each refinancing of any Borrowing with a Borrowing of any Type and each conversion of Loans, shall be made pro rata among the Banks in accordance with their respective Commitment Percentages. Each Bank agrees that in computing such Bank’s 's portion of any Borrowing to be made hereunder, the Agent may, in its discretion, round each Bank’s 's percentage of such Borrowing to the next higher or lower whole dollar amount.

Appears in 1 contract

Samples: Credit Agreement (Philadelphia Suburban Corp)

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