Pro Rata Treatment of the Banks Sample Clauses
The "Pro Rata Treatment of the Banks" clause ensures that all participating banks in a syndicated loan or credit facility are treated equally and receive payments or distributions in proportion to their respective shares of the total loan. In practice, this means that when a borrower makes a repayment or prepayment, each bank receives its portion based on its percentage of the overall commitment, regardless of when or how the payment is made. This clause is essential for maintaining fairness among lenders and preventing any single bank from being favored or disadvantaged, thereby promoting transparency and equitable risk allocation within the lending group.
Pro Rata Treatment of the Banks. Each borrowing, 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, interest, Commitment Fees, Letter of Credit Fees or other fees (except for the Agent's Fees and the fees set forth in the second sentence of Section 2.10(c)) or amounts due from the Borrower hereunder to the Banks with respect to the Revolving Credit Loans and Term Loans, shall (except as provided in Section 4.4(b), 5.4 or 5.5) be made in proportion to the Revolving Credit Loans and Term Loans outstanding from each Bank and, if no Revolving Credit Loans or Term Loans are then outstanding, in proportion to the Ratable Share of each Bank.
Pro Rata Treatment of the Banks. Each borrowing shall be allocated to each Bank according to its Ratable Share, and each payment or prepayment by the Borrower with respect to principal, interest, Commitment Fees, Letter of Credit Fees or other fees (except for the Agent's Fee) or amounts due from the Borrower hereunder to the Banks with respect to the Loans shall (except as provided in Section 4.4.2 [Replacement of a Bank] or 4.5 [Additional Compensation in Certain Circumstances]) be made in proportion to the applicable Loans outstanding from each Bank and, if no such Loans are then outstanding, in proportion to the Ratable Share of each Bank.
Pro Rata Treatment of the Banks. Each borrowing and each payment or prepayment by the Borrowers with respect to principal, interest, Commitment Fees, Letter of Credit Fees or other fees (except for the Agent's Fees or any Issuing Letter of Credit Bank's fees) or amounts due from the Borrowers hereunder to the Banks with respect to the Revolving Credit Loans and Term Loans, shall (except as provided in Section 4.3, 5.4 or 5.5) be made in proportion to the Revolving Credit Loans and Term Loans outstanding from each Bank and, if no Revolving Credit Loans or Term Loans are then outstanding, in proportion to the Ratable Share of each Bank.
Pro Rata Treatment of the Banks. Each borrowing shall be allocated to each Bank 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, interest, Facility Fees, Letter of Credit Fees or other fees (except for the Agent's Fee) or amounts due from the Borrower hereunder to the Banks with respect to the Loans shall (except as provided in Section 3.4.3 [Agent's and Bank's Rights] in the case of an event specified in Section 3.4 [Euro-Rate Unascertainable, Etc.], 4.4.2 [Replacement of a Bank] or 4.5 [Additional Compensation in Certain Circumstances]) be made in proportion to the applicable Loans outstanding from each Bank and, if no such Loans are then outstanding, in proportion to the Ratable Share of each Bank. Notwithstanding any of the foregoing, each borrowing or payment or prepayment by the 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 Article 2.
Pro Rata Treatment of the Banks. Each borrowing, 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, interest, Facility Fees, Usage Fees, Letter of Credit Fees, Letter of Credit Fronting Fees or other fees (except for the Agent's Fees and the fees set forth in the second sentence of Section 2.10(c)) or amounts due from the Borrower hereunder to the Banks with respect to the Revolving Credit Loans, shall (except as provided in Section 4.4(b), 5.4 or 5.5) be made in proportion to the Revolving Credit Loans outstanding from each Bank and, if no Revolving Credit Loans are then outstanding, in proportion to the Ratable Share of each Bank.