Common use of Pro Rata Treatment of Banks Clause in Contracts

Pro Rata Treatment of Banks. Each Borrowing, and each selection of, Conversion to or Continuation of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest and other amounts due from the Borrower hereunder to the Banks (other than any such amounts of the type described in Section 2.3, Article 4, Section 10.6 or Section 11.3) shall be made in proportion to the Ratable Shares of each Bank.

Appears in 1 contract

Samples: Credit Agreement (Wentworth J G & Co Inc)

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Pro Rata Treatment of Banks. Each Borrowingborrowing, and each selection of, Conversion conversion to or Continuation renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest and interest, Commitment Fees, Closing Fee, Letter of Credit Fees, or other fees or amounts due from the Borrower hereunder to the Banks with respect to the Loans, shall (other than any such amounts of the type described except as provided in Section 2.34.04(b) [Euro-Rate Unascertainable], Article 4, Section 10.6 5.04(b) [Voluntary Prepayments] or Section 11.3) shall be made in proportion to the Ratable Shares of each Bank.5.06

Appears in 1 contract

Samples: Credit Agreement (Mariner Health Group Inc)

Pro Rata Treatment of Banks. Each Borrowing, and each selection of, Conversion conversion to or Continuation renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest and or other fees or amounts due from the Borrower hereunder to the Banks with respect to the Term Loans, shall (other than any such amounts of the type described except as provided in Section 2.33.4(b), Article 4, Section 10.6 4.5(A)(b) or Section 11.34.6(a) shall hereof) be made in proportion to the Ratable Shares of Term Loans outstanding from each Bank.

Appears in 1 contract

Samples: Term Loan Agreement (Pg Energy Inc)

Pro Rata Treatment of Banks. Each Borrowingborrowing, and each selection of, Conversion --------------------------- conversion to or Continuation renewal of any Loan or Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest and interest, commitment fees, closing fee, Letter of Credit fees, or other fees or amounts due from the Borrower hereunder to the Banks (other than any such amounts of with respect to the type described in Section 2.3Loans, Article 4except for the Agent's fees, Section 10.6 or Section 11.3) shall be made in proportion to the Ratable Shares Loans outstanding from each Bank and if no such Loans are then outstanding, in proportion to the Proportionate Share of each Bank.

Appears in 1 contract

Samples: Credit Agreement (Mac-Gray Corp)

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Pro Rata Treatment of Banks. Each Borrowingborrowing shall be allocated to each Bank according to its Ratable Share, and each selection of, Conversion conversion to or Continuation renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest and interest, Commitment Fees, Letter of Credit Fees, or other fees (except for the Agent's Fee) or amounts due from the Borrower hereunder to the Banks with respect to the Loans, shall (other than any such amounts of the type described except as provided in Section 2.34.4.2 [Euro- Rate Unascertainable], Article 4, Section 10.6 or Section 11.3) shall be made in proportion to the Ratable Shares of each Bank5.

Appears in 1 contract

Samples: Credit Agreement (Suburban Lodges of America Inc)

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