Common use of Pro Rata Treatment of Lenders Clause in Contracts

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.2, Section 3.1 or Section 3.6) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

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Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be allocated to each Lender 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 with respect to principal principal, interest, Commitment Fees and interest due from Letter of Credit Fees (but excluding the Borrower hereunder to Administrative Agent’s Fee and the Lenders Issuing Lender’s fronting fee) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.2, Section 3.1 or Section 3.6) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth in this Agreement.Sections 4.4

Appears in 3 contracts

Samples: Credit Agreement (Erie Indemnity Co), Revolving Credit Facility Agreement (Chesapeake Utilities Corp), Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and or interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.25.08, Section 3.1 5.09 or Section 3.65.10) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option Loans and each payment or prepayment by the Borrower Borrowers with respect to principal and interest due from (but excluding the Borrower hereunder to the Lenders Administrative Agent’s Fee) shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Sections 4.4(d) in the case of an event specified in Section 2.24.4, Section 3.1 5.13 or Section 3.65.8) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal and interest then due or payable such Lenders as set forth specified in this Agreement.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Construction Partners, Inc.)

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Pro Rata Treatment of Lenders. Each selection of, conversion to or renewal of any Interest Rate Option and each payment or prepayment by the Borrower with respect to principal and principal, premium or interest due from the Borrower hereunder to the Lenders shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 2.22.06, Section 3.1 2.07, 2.08, 2.09, 2.10, 5.08, 5.09 or Section 3.65.10) be payable ratably among the Lenders entitled to such payment in accordance with the amount of principal principal, premium and interest then due or payable such Lenders as set forth in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

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