Common use of Pro Rata Treatment of Loans, Etc Clause in Contracts

Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing under Section 2.04 shall be made from the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 shall be applied to the Commitments of the Banks, and each payment of commitment fee accruing under Section 2.11 shall be made for the account of the Banks, pro rata according to the amounts of their respective unused Commitments; (b) each conversion under Section 2.05 of Loans of a particular type (but not conversions provided for by Section 4.04), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 2 contracts

Samples: Credit Agreement (Daka International Inc), Credit Agreement (Daka International Inc)

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Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing under Section 2.04 Loan shall be made from by the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 2.7 shall be applied to the Commitments of the Banks, and each payment of commitment fee accruing under Section 2.11 shall be made for the account of the Banks, pro rata according to the amounts of their respective unused Commitments; (b) each conversion under Section 2.05 2.5 of Loans of a particular type (but not conversions provided for by Section 4.043.4), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 2 contracts

Samples: Credit Agreement (Lauder Ronald S), Credit Agreement (Lauder Ronald S)

Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing Borrowing under Section 2.04 2.5 shall be made from the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 2.8 shall be applied to the Commitments of the Banks, and each payment of commitment fee facility fees accruing under Section 2.11 2.12 shall be made for the account of the Banks, pro rata according to the amounts of their respective used and unused Commitments; (b) each conversion under Section 2.05 2.6 of Loans of a particular type (but not conversions provided for by Section 4.044.4), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Administrative Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 1 contract

Samples: Credit Agreement (Cannondale Corp /)

Pro Rata Treatment of Loans, Etc. (a) Except to the extent otherwise provided: (a) each borrowing under Section 2.04 2.4 shall be made from the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 2.7 shall be applied to the Commitments of the Banks, and each payment of commitment fee accruing under Section 2.11 shall be made for the account of the Banks, pro rata according to the amounts of their respective unused Commitments; (b) each conversion under Section 2.05 2.5 of Loans of a particular type (but not conversions provided for by Section 4.043.4), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing Borrowing under Section 2.04 2.4(a) shall be made from the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 2.7 shall be applied to the Commitments of the Banks, and each payment of commitment facility fee accruing under Section 2.11 shall be made for the account of the Banks, pro rata according to the amounts of their respective unused Commitments; (b) each conversion under Section 2.05 2.5 of Loans of a particular type (but not conversions provided for by Section 4.043.4), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Revolving Loans of a particular type and a particular Interest Period shall be made to the Administrative Agent for the account of the Banks holding Revolving Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Revolving Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 1 contract

Samples: Credit Agreement (Nfo Worldwide Inc)

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Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing Borrowing under Section 2.04 shall be made from the Banks, each reduction or termination of the amount of the Commitments under Section 2.07 shall be applied to the Commitments of the Banks, and each payment of commitment fee accruing under Section 2.11 shall be made for the account of the Banks, pro rata according to the amounts of their respective unused Commitments; (b) each conversion under Section 2.05 of Loans of a particular type (but not conversions provided for by Section 4.043.04), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of such Loans of such Interest Period held by such Banks Banks; and (d) each prepayment and payment of Letter of Credit Obligations any "Proceeds" (as defined in the Intercreditor Agreement), available for distribution to the Banks pursuant to the Intercreditor Agreement shall be made pro rata in accordance with distributed to each Bank according to the Pro Rata Share Percentage Interest of the Banks such Bank, as described in the Letter of Credit Obligations attributable to such BanksIntercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Seneca Foods Corp /Ny/)

Pro Rata Treatment of Loans, Etc. Except with respect to Swing Line Loans which shall be made by, and shall be repaid to, the Agent for its own account and except to the extent otherwise providedprovided in this Agreement: (a) each borrowing under Section 2.04 2.4 hereof shall be made from or for the benefit of the Banks, each reduction or termination payment of the amount of the Commitments under Section 2.07 shall be applied to the Commitments of the Banks, and each payment of commitment fee Commitment Fee accruing under Section 2.11 3.3 hereof; and the Up Front Fee accruing under Section 3.4 hereof; and each conversion of a Revolving Credit Loan from one type of Revolving Credit Loan to another pursuant to Section 2.4 hereof; shall be made for the account of the Banks, pro rata according to the amounts of in accordance with their respective unused CommitmentsCommitment Proportions; (b) each conversion under Section 2.05 of Loans of a particular type (but not conversions provided for by Section 4.04), shall be made pro rata among the Banks holding Loans of such type according to the respective principal amounts of such Loans by such Banks; (c) each prepayment and payment of principal of or interest on Loans of a particular type and a particular Interest Period shall be made to the Agent for the account of the Banks holding Loans of such type and Interest Period pro rata in accordance with the respective unpaid principal amounts of or interest on such Loans of such Interest Period held by such Banks and (d) each prepayment and payment of Letter of Credit Obligations shall be made pro rata in accordance with the Pro Rata Share of the Banks in the Letter of Credit Obligations attributable to such Banks.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Funding Corp)

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