Common use of Procedure for Making Advances Clause in Contracts

Procedure for Making Advances. (a) Pro Rata Advances. Subject to Sections 3.3, 3.5, 3.10, 7.2, 7.3, 7.4 and 11.1(d) all Advances made by the Lenders will be made in accordance with each Lender’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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Procedure for Making Advances. (a) Pro Rata Advances. Subject to Sections 3.33.5 and 19.18, 3.5, 3.10, 7.2, 7.3, 7.4 and 11.1(d) all Advances made by the Lenders will be made in accordance with each Lender’s 's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Term Credit Agreement (ENERPLUS Corp)

Procedure for Making Advances. (a) Pro Rata Advances. Subject to Sections 3.3, 3.5, 3.103.4, 7.2, 7.37.3 and 7.4, 7.4 and 11.1(d) all Advances made by the Lenders will be made in accordance with each Lender’s Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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Procedure for Making Advances. (a) Pro Rata Advances. Subject to Sections 3.3, 3.5, 3.10, 7.2, 7.3, 7.4 and 7.4, 11.1(d) and 21.18 all Advances made by the Lenders will be made in accordance with each Lender’s 's Rateable Portion of such Advance, except to the extent that the Agent deems any variations therefrom to be immaterial. The Agent shall determine all adjustments to the amounts required to be advanced by the Lenders to reflect as nearly as practicable the respective Rateable Portions of the Lenders under the Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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