Common use of Proportionate Absorption of Losses Clause in Contracts

Proportionate Absorption of Losses. Except as herein provided, nothing in the Loan Papers shall be deemed to give any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, or to relieve any Lender from absorbing its pro rata part of any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of such Lender's pro rata part of the Obligation).

Appears in 4 contracts

Samples: Credit Agreement (Centurytel Inc), Agreement (Century Telephone Enterprises Inc), Agreement (Centurytel Inc)

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Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of 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, setoffset off, defense, or counterclaim solely with respect to all or any part of such that Lender's pro rata part Pro Rata Part of the Obligation).

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of 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 such that Lender's pro rata part Pro Rata Share of the Obligation).

Appears in 3 contracts

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

Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in the Borrower or any other obligor on the Obligation having any credit, allowance, setoffset off, defense, or counterclaim solely with respect to all or any part of such that Lender's pro rata part Pro Rata Part of the Obligation).

Appears in 2 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Credit Agreement (Affiliated Computer Services Inc)

Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of 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 such Lender's pro rata part Pro Rata Part of the Obligation).

Appears in 2 contracts

Samples: Credit Agreement (Prologis Trust), Credit Agreement (Prologis Trust)

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Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of 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 Company on the Obligation having any credit, allowance, setoff, defense, or counterclaim solely with respect to all or any part of such that Lender's pro rata part Pro Rata Share of the Obligation).

Appears in 1 contract

Samples: Credit Agreement (American Industrial Properties Reit Inc)

Proportionate Absorption of Losses. Except as herein providedotherwise provided in the Loan Documents, nothing in the Loan Papers shall be deemed to give Documents gives any Lender any advantage over any other Lender insofar as the portion of the Obligation arising under the Loan Papers is concerned, concerned or to relieve relieves any Lender from ratably absorbing its pro rata part of any losses sustained with respect to the Obligation (except to the extent unilateral actions or inactions by any Lender result in any 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 such Lender's pro rata part Pro Rata Part of the Obligation).

Appears in 1 contract

Samples: Credit Agreement (Prologis Trust)

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