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 renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal, interest or other fees or amounts due from the Borrower hereunder to the Banks with respect to the Loans, shall (except as provided in Section 4.04(b) [Euro-Rate Unascertainable], 5.04(b) [Voluntary Prepayments] or 5.06(a) [Additional Compensation in Certain Circumstances] hereof) be made in proportion to the Loans outstanding from each Bank.

Appears in 3 contracts

Samples: Credit Agreement (Mariner Post Acute Network Inc), Credit Agreement (Mariner Post Acute Network Inc), Credit Agreement (Mariner Post Acute Network Inc)

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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 to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower Borrowers with respect to principal, interest interest, Commitment Fees, Facility Fees, Letter of Credit Fees or other fees (except for the Agent's Fees) or amounts due from the Borrower Borrowers hereunder to the Banks with respect to the Revolving Credit Loans, shall (except as provided in Section 4.04(b) [Euro-Rate Unascertainable]4.4.2, 5.04(b) [Voluntary Prepayments] 5.4.2 or 5.06(a) [Additional Compensation in Certain Circumstances] hereof5.6.1) be made in proportion to the applicable Revolving Credit Loans outstanding from each Bank and, if no such Revolving Credit Loans are then outstanding, in proportion to the Ratable Share of each Bank.

Appears in 1 contract

Samples: Credit Agreement (Phymatrix Corp)

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Pro Rata Treatment of Banks. Each borrowing, and each selection --------------------------- of, conversion to or renewal of any Interest Rate Option Option, and each payment or prepayment by the Borrower with respect to principal, interest interest, Commitment Fees, Facility Fees, fees and commissions with respect to Letters of Credit or other fees or amounts due from the Borrower hereunder to the Banks with respect to the Loans, Loans shall (except as provided in Section 4.04(b4.4(b), 5.4(b) [Euro-Rate Unascertainable], 5.04(bor 5.5(a) [Voluntary Prepayments] or 5.06(a) [Additional Compensation in Certain Circumstances] hereof) be made in proportion to the amount of such Loans outstanding from each Bank and, if no such Loans are then outstanding, in proportion to the Ratable Share of each Bank.

Appears in 1 contract

Samples: Credit Agreement (Chase Industries Inc)

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