Common use of Proportionate Absorption of Losses Clause in Contracts

Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part of the Obligation).

Appears in 6 contracts

Samples: Revolving Credit Agreement (Malone John C), Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Malone John C)

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Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is obligations hereunder are concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation obligations hereunder (except to the extent unilateral actions or inactions by any Lender result in the Borrower or any other obligor on the Obligation obligations hereunder having any credit, allowance, setoff, defense, defense or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part part of the Obligationobligations hereunder).

Appears in 6 contracts

Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Bridge Loan Agreement (Buckeye Partners L P)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan DocumentsPapers, nothing in the Loan Documents Papers gives any Lender any advantage over any other Lender insofar as the Obligation is concerned or relieves to relieve any Lender from ratably absorbing any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part of the Obligation).

Appears in 5 contracts

Samples: Credit Agreement (Monro Muffler Brake Inc), Credit Agreement (Monro Muffler Brake Inc), Loan Agreement (Pool Energy Services Co)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's ’s Pro Rata Part of the Obligation).

Appears in 4 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp), Term Loan Agreement (Goodrich Petroleum Corp)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part Share of the Obligation).

Appears in 2 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in Borrower Borrowers or any other obligor Company on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part Share of the Obligation).

Appears in 2 contracts

Samples: Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (Innkeepers Usa Trust/Fl)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation is Obligations are concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation Obligations (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation Obligations having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that such Lender's Pro Rata Part Share of the ObligationObligations).

Appears in 2 contracts

Samples: Credit Agreement (Trammell Crow Co), Credit Agreement (Trammell Crow Co)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents gives any Lender any advantage over any other Lender insofar as the Obligation Obligations is concerned or relieves any Lender from ratably absorbing any losses sustained with respect to the Obligation Obligations (except to the extent unilateral actions or inactions by any Lender result in Borrower or any other obligor on the Obligation Obligations having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of that Lender's Pro Rata Part of the ObligationObligations).

Appears in 1 contract

Samples: Credit Agreement (Pillowtex Corp)

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