Common use of Pro Rata Treatment of Lenders Clause in Contracts

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 a Borrower with respect to principal or interest on the Revolving Credit Loans or Commitment Fees, Facility Fees, Letter of Credit Fees, or other fees (except for the Agent's Fee and the Optional Currency Loan Processing Fee) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as provided in Section 3.4.3 in the case of an event specified in Section 3.4, 4.4.2 or 4.6) be made in proportion to the applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to the Ratable Share of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by a Borrower of principal, interest, fees or other amounts from the Borrower with respect to Swing Loans shall be made by or to PNC Bank according to Section 2.

Appears in 2 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady 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 a Borrower the Borrowers with respect to principal or interest on the Revolving Credit Loans or principal, interest, Commitment Fees, Facility Fees, Letter of Credit Fees, or other fees (except for the Administrative Agent's ’s Fee and the Optional Currency Loan Processing FeeIssuing Lender’s fronting fee for Letters of Credit referred to in Section 2.9.2) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as provided in Section 3.4.3 3.4.4 in the case of an event specified in Section Sections 3.4, 4.4.2 or 4.64.8) be made in proportion to the applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to the Ratable Share Share, as applicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by a Borrower the Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swing Loans shall be made by or to PNC Bank according to Section 2PNC.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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 a Borrower the Borrowers with respect to principal or interest on the Revolving Credit Loans or principal, interest, Commitment Fees, Facility Fees, Letter of Credit Fees, or other fees (except for the Administrative Agent's ’s Fee and the Optional Currency Loan Processing Feefronting fee for Letters of Credit referred to in Section 2.9.2) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as provided in Section 3.4.3 in the case of an event specified in Section Sections 3.4, 4.4.2 or 4.64.8) be made in proportion to the applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to the Ratable Share Share, as applicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by a Borrower the Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swing Loans shall be made by or to PNC Bank according to Section 2PNC.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans and Term 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 with respect to each Revolving Credit Loan, and each renewal of an Interest Period with respect to the Term Loans, and each payment or prepayment by a Borrower the Borrowers with respect to principal or interest on the Revolving Credit Loans or principal, interest, Commitment Fees, Facility Term Loan Commitment Fees, Letter of Credit Fees, or other fees (except for the Administrative Agent's ’s Fee and the Optional Currency Loan Processing FeeIssuing Lender’s fronting fee for Letters of Credit referred to in Section 2.9.2) or amounts due from the Borrowers hereunder to the Lenders with respect to the Loans, shall (except as provided in Section 3.4.3 in the case of an event specified in Section 3.4, 4.4.2 or 4.6) be made in proportion to the applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in proportion to the Ratable Share Share, as applicable of each Lender. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by a Borrower the Borrowers of principal, interest, fees or other amounts from the Borrower Borrowers with respect to Swing Loans shall be made by or to PNC Bank according to Section 2PNC.

Appears in 1 contract

Samples: Fourth Restatement Agreement (Glatfelter 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 a any Borrower with respect to principal or interest on the Revolving Credit Loans or principal, interest, Commitment Fees, Facility Fees, Letter of Credit Fees, or other fees (except for the Administrative Agent's Fee and the Optional Currency Loan Processing ’s Fee) or amounts due from the Borrowers any Borrower hereunder to the Lenders with respect to the Commitments and Loans, shall (except as otherwise may be provided with respect to a Defaulting Lender and except as provided in Section 3.4.3 in the case of an event specified in Section 3.4, 4.4.2 4.6.2 or 4.64.7) be made payable ratably among the Lenders entitled to such payment in proportion to accordance with the applicable Loans outstanding from each Lender andamount of principal, if no interest, Commitment Fees, and other fees or amounts then due or payable such Loans are then outstanding, Lenders as set forth in proportion to the Ratable Share of each Lenderthis Agreement. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by a any Borrower of principal, interest, fees or other amounts from the such Borrower with respect to Swing Loans shall be made by or to PNC Bank the Swing Lender according to Section 22.5.5.

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

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