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, pro rata according to the amounts of their respective Commitments; (b) each conversion under Section 2.05 of Loans of a particular type (but not conversions provided for by Section 3.04), 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; and (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.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

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Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing under Section 2.04 2.4 or Section 3.1 shall be made from the Banks, pro rata according each reduction or termination of the amount of the Commitments under Section 2.8 shall be applied to the amounts Commitments of their respective Commitments; (b) the Banks, and each conversion under Section 2.05 payment of Loans of a particular type (but not conversions provided for by Section 3.04)the fees referenced in Article 3, shall be made by and held for the account of the Banks, pro rata among the Banks holding Loans of such type according to the in accordance with their respective principal amounts of such Loans by such BanksCommitment Proportions; and (cb) 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (United Capital Corp /De/)

Pro Rata Treatment of Loans, Etc. Except to the extent otherwise provided: (a) each borrowing under Section 2.04 2.4 or Section 3.1 shall be made from the Banks, pro rata according each reduction or termination of the amount of the Commitments under Section 2.7 shall be applied to the amounts Commitments of their respective Commitments; (b) the Banks, and each conversion under Section 2.05 payment of Loans of a particular type (but not conversions provided for by Section 3.04)the fees referenced in Article 3, shall be made by and held for the account of the Banks, pro rata among the Banks holding Loans of such type according to the in accordance with their respective principal amounts of such Loans by such BanksCommitment Proportions; and (cb) 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Genovese Drug Stores Inc)

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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, pro rata according to the amounts of their respective CommitmentsBank Percentages; (b) each conversion under Section 2.05 of Loans of a particular type (but not conversions provided for by Section 3.044.04), 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; and (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.

Appears in 1 contract

Samples: Term Loan Agreement (Ivc Industries Inc)

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