Pro Rata Treatment of Borrowings. (a) Pro-Rata Borrowings: Except as otherwise provided herein, each Borrowing and each basis of Borrowing shall be made available by each Lender, and all repayments and reductions in respect thereof, shall be made and applied in a manner so that the Borrowings outstanding hereunder to each such Lender and each basis of Borrowing made available hereunder by each such Lender will, to the extent practicable, and, subject always to the provisions of this Agreement, thereafter be in the proportions required by the next sentence. The Agent is authorized by the Borrower and each Lender to determine from time to time the relative amount of Borrowings to be outstanding hereunder to each Lender, each basis of Borrowing to be made available by each Lender and the application of repayments and reductions of Borrowings to give effect to the provisions of this Agreement, it being the intention that, subject to the other provisions of this Agreement, the Outstandings of each Lender shall be in the same proportion of the total Outstandings of all Lenders as its Syndicated Commitment is of the Total Syndicated Commitment; provided that no Lender shall, as a result of any such determination, be owed Outstanding Principal in an amount which is in excess of the amount of its Syndicated Commitment.
Pro Rata Treatment of Borrowings. (a) Pro-Rata Borrowings: Subject to Section 3.2, Section 3.4(c), Section 3.9(a)(i), Section 3.18(b) and this Section 3.17(a) and that there may be Lenders whose Commitment is a revolving credit facility and Lenders whose Commitment is no longer a revolving credit facility, each Accommodation shall be made available by each Lender and all repayments and reductions in respect thereof shall be made and applied in a manner so that the proportion of Borrowings outstanding to each Lender will, to the extent possible, thereafter be in the same proportion as the Pro-Rata Share of such Lender. The Agent is authorized by the Borrower and each Lender to determine, in its discretion, acting reasonably, the amount of Borrowings to be made available by each Lender and the application of repayments and reductions of Borrowings to give effect to the provisions of this Section 3.17(a) and Section 6.2; provided that no Lender shall, as a result of any such determination, have Borrowings outstanding (determined with reference to the Equivalent Amount thereof in Canadian Dollars) in an amount which is in excess of the amount of its Commitment.
Pro Rata Treatment of Borrowings. (a) Pro-Rata Borrowings: Subject to Section 3.3, Section 3.9, Section 3.11(b) and Section 3.11(c), each Accommodation and each basis of Borrowing shall be made available by each Lender and all repayments and reductions in respect thereof shall be made and applied in a manner so that the proportion of Borrowings outstanding to such Lender will, to the extent possible, thereafter be in the same proportion as such Lender's Proportion. The Agent is authorized by the Borrower and each Lender to determine, in its sole and unfettered discretion, the amount of Borrowings and each basis of Borrowing to be made available by each Lender and the application of repayments and reductions of Borrowings to give effect to the provisions of this Section 3.11(a), and Section 6.2; provided that no Lender shall, as a result of any such determination, have Borrowings outstanding in an amount which is in excess of the amount of its Commitment.
Pro Rata Treatment of Borrowings. Each Borrowing shall be made available by each of the Lenders in accordance with its Pro Rata Share. No Lender shall be responsible for the Commitment of any other Lender. The failure of a Lender to make available a Borrowing in accordance with its obligations under this Agreement shall not release any other Lender from its obligations hereunder. No Lender shall be obligated to make Borrowings available to the Borrower in excess of its Commitment. Notwithstanding the foregoing, the Agent shall be entitled at any time to request accommodations of the Lenders otherwise than in accordance with their Pro Rata Share if such action is required by and consistent with normal money market practices.
Pro Rata Treatment of Borrowings. (a) Pro-Rata Borrowings: Subject to Sections 3.7(b), 3.12(b) and 3.12(c), each Borrowing shall be made available by each Lender and all repayments and reductions in respect thereof shall be made and applied in a manner so that the proportion of Borrowings outstanding hereunder to each Lender will, to the extent possible, thereafter be in the same proportion as the Lender’s Proportion of such Lender. The Agent is authorized by the Borrower and each Lender to determine, in its sole and unfettered discretion, the amount of Borrowings to be made available by each Lender and the application of repayments and reductions of Borrowings to give effect to the provisions of this Section 3.7(a) and Section 6.2; provided that no Lender shall, as a result of any such determination, have a Total Exposure in an amount which is in excess of the amount of its Commitment.
Pro Rata Treatment of Borrowings
