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 shall be deemed to give any Lender any advantage over any other Lender insofar as the Obligation is concerned, or to relieve any Lender from absorbing its ratable portion of any losses sustained with respect to the Obligation (except to the extent such losses result from unilateral actions or inactions of any Lender that are not made in accordance with the terms and provisions of the Loan Documents).

Appears in 3 contracts

Samples: Senior Secured Term Loan Agreement (America West Holdings Corp), Pledge Agreement (Adelphia Communications Corp), Credit Agreement (Adelphia Communications Corp)

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Proportionate Absorption of Losses. Except as otherwise provided in ---------------------------------- the Loan Documents, nothing in the Loan Documents shall be deemed to give any Lender any advantage over any other Lender insofar as the Obligation arising under the Loan Documents is concerned, or to relieve any Lender from absorbing its ratable portion of any losses sustained with respect to the Obligation (except to the extent such losses result from unilateral actions or inactions of any Lender that are not made in accordance with the terms and provisions of the Loan Documents).

Appears in 1 contract

Samples: Security Agreement (Azz Inc)

Proportionate Absorption of Losses. Except as otherwise provided in the Loan DocumentsPapers, nothing in the Loan Documents Papers shall be deemed to give any Lender any advantage over any other Lender insofar as the Obligation 41 47 arising under the Loan Papers is concerned, or to relieve any Lender from absorbing its ratable portion Pro Rata Part of any losses sustained with respect to the Obligation (except to the extent such losses result from unilateral actions or inactions of any Lender that are not made in accordance with the terms and provisions of the Loan DocumentsPapers).

Appears in 1 contract

Samples: Term Loan Agreement (Worldcom Inc /Ga/)

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Proportionate Absorption of Losses. Except as otherwise provided in the Loan Documents, nothing in the Loan Documents shall be deemed to give any Lender Holder any advantage over any other Lender Holder insofar as the Obligation is concerned, or to relieve any Lender Holder from absorbing its ratable portion of any losses sustained with respect to the Obligation (except to the extent such losses result from unilateral actions or inactions of any Lender Holder that are not made in accordance with the terms and provisions of the Loan Documents).

Appears in 1 contract

Samples: Term Loan and Note Purchase Agreement (Sun Healthcare Group Inc)

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