Common use of Reallocation of Pro Rata Share; Amendments Clause in Contracts

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 21 contracts

Samples: Loan and Security Agreement (Topgolf Callaway Brands Corp.), First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), Credit and Security Agreement (Titan International Inc)

AutoNDA by SimpleDocs

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 20 contracts

Samples: Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.), Loan, Security and Guaranty Agreement (Atlas Energy Solutions Inc.), Credit Agreement (Covenant Logistics Group, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude in its discretion reallocate Pro Rata shares by excluding the Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 9 contracts

Samples: Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.), Loan Agreement (Hyster-Yale Materials Handling, Inc.), Loan Agreement (School Specialty Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Administrative Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 9 contracts

Samples: Loan and Security Agreement (Par Pacific Holdings, Inc.), Loan and Security Agreement (CSI Compressco LP), Loan and Security Agreement (CSI Compressco LP)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, the Administrative Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Credit Document, except as provided in Section 14.1.1(c)13.12.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Custom Truck One Source, Inc.), Revolving Credit Agreement (VERRA MOBILITY Corp), Revolving Credit Agreement (Custom Truck One Source, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Agent may exclude in its discretion reallocate Pro Rata shares by excluding the Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(c).

Appears in 6 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude in its discretion reallocate Pro Rata shares by excluding the Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 6 contracts

Samples: Loan Agreement (Cooper-Standard Holdings Inc.), Loan Agreement (Cooper-Standard Holdings Inc.), Loan Agreement (Cooper-Standard Holdings Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Administrative Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 4 contracts

Samples: Term Loan and Security Agreement (DXP Enterprises Inc), Term Loan and Security Agreement (DXP Enterprises Inc), Term Loan and Security Agreement (DXP Enterprises Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Agent may exclude in its discretion reallocate Pro Rata shares by excluding the Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(c).

Appears in 4 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, the Agent may exclude the Commitments and Loans of any Defaulting Lender(s) Lender from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 4 contracts

Samples: Loan, Security and Guarantee Agreement (MRC Global Inc.), Loan, Security and Guarantee Agreement (Edgen Group Inc.), Loan, Security and Guarantee Agreement (MRC Global Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Revolving Loans or and Letters of CreditCredit (including existing Non-Ratable Loans, Agent may exclude the Advances, and Letter of Credit Obligations), Agent shall reallocate Pro Rata Shares by excluding a Defaulting Lender’s Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)11.1.

Appears in 4 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations or rights to fund or fund, participate in or receive collections with respect to Revolving Loans or and Letters of CreditCredit (including existing Non-Ratable Loans, Agent may exclude the Advances, and Letter of Credit Obligations), Agent shall reallocate Pro Rata Shares by excluding a Defaulting Lender's Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)11.1.

Appears in 3 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in the Revolving Loans or Letters of Credit, the Agent may exclude the Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)11.1.

Appears in 3 contracts

Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(c).

Appears in 3 contracts

Samples: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, Agent may shall exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. No reallocation shall cause a Lender to exceed its Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 2 contracts

Samples: Loan and Security Agreement (Seneca Foods Corp), Loan and Security Agreement (Seneca Foods Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 2 contracts

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.), Loan and Security Agreement (Frozen Food Express Industries Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender's Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 2 contracts

Samples: Loan and Security Agreement (Adara Acquisition Corp.), Loan and Security Agreement (DXP Enterprises Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans Loans, to share in fees or Letters of Creditfor any other determination permitted hereunder, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Transaction Document, except as provided in Section 14.1.1(c13.1.1(b).

Appears in 2 contracts

Samples: Loan and Security Agreement (Flat Rock Core Income Fund), Loan and Security Agreement (Flat Rock Capital Corp.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 2 contracts

Samples: Loan and Security Agreement (AGY Holding Corp.), Loan and Security Agreement (AGY Holding Corp.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares of Loans and Letters of Credit by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 2 contracts

Samples: Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.), Loan, Security and Guaranty Agreement (Quintana Energy Services Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Administrative Agent may exclude shall reallocate Pro Rata shares by excluding the Term Loan Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)Document until all of its defaulted obligations have been cured.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Commercial Vehicle Group, Inc.), Term Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c14.1.1(b).

Appears in 2 contracts

Samples: Loan, Security and Guarantee Agreement (National CineMedia, Inc.), Loan, Security and Guarantee Agreement (Applied Optoelectronics, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of pro rata Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, the Agent may shall exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.10(e).

Appears in 1 contract

Samples: Credit Agreement (Chiquita Brands International Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude in its discretion reallocate Pro Rata shares by excluding the Revolver Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata such shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Arctic Cat Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations to fund or participate in Loans Loans, to share in fees or Letters of Creditfor any other determination permitted hereunder, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(b).

Appears in 1 contract

Samples: Loan and Security Agreement (SWK Holdings Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata pro rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: First Lien Loan and Security Agreement (Duckhorn Portfolio, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)) .

Appears in 1 contract

Samples: Loan Agreement (Key Tronic Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender's Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Northwest Pipe Co)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans Loans, to share in fees or Letters of Creditfor any other determination permitted hereunder, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13.1.1(b).

Appears in 1 contract

Samples: Loan and Security Agreement (SWK Holdings Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Administrative Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender's Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 1 contract

Samples: Term Loan and Security Agreement (DXP Enterprises Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, the Administrative Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Credit Document, except as provided in Section 14.1.1(c)12.10.

Appears in 1 contract

Samples: Abl Credit Agreement (Performance Sports Group Ltd.)

AutoNDA by SimpleDocs

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting ; provided, however, that in no event will any Lender shall have no right be required to vote on any amendment, waiver fund or other modification participate in Loans or Letters of Credit if as a Loan Document, except as provided in Section 14.1.1(c).result of such funding or participation the

Appears in 1 contract

Samples: Loan and Security Agreement (Us Concrete Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c14.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Radiant Logistics, Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans Advances or Letters of Credit, Agent may exclude the Line of Credit Commitments and Loans Advances of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)10.1.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ixys Corp /De/)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Lenders’ obligations to fund or participate acquire participations in Loans or Letters of Credit, the Administrative Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)11.01.

Appears in 1 contract

Samples: Revolving Credit Agreement (Keystone Automotive Operations Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or participate acquire participations in Revolving Loans or Letters of Credit, the Administrative Agent may exclude the Revolving Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Credit Document, except as provided in Section 14.1.1(c)13.12.

Appears in 1 contract

Samples: First Lien Credit Agreement

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Creditthe Loans, the Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata sharesShares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)11.1.

Appears in 1 contract

Samples: Credit Agreement (Westlake Chemical Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Revolver Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Arctic Cat Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders' obligations to fund or participate acquire participations in Loans or Letters of Credit, Agent may shall exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. No reallocation shall cause a Lender to exceed its Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Seneca Foods Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or participate in Loans or Letters of Creditreceive collections with respect to Loans, Agent may exclude the Commitments in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitment and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c13(a)(iii).

Appears in 1 contract

Samples: Loan Agreement (Chicago Atlantic Real Estate Finance, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to Loans, Agent may exclude the Commitments and in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(b).

Appears in 1 contract

Samples: Term Loan and Security Agreement (Key Energy Services Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Revolving Loans or and Letters of CreditCredit (including existing Agent Advances, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Revolving Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Amkor Technology Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or Letters of Credit(including existing Swingline Loans and Protective Advances), Agent may exclude the in its discretion reallocate Pro Rata Shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (NewLake Capital Partners, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may shall exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting ; provided that no Lender shall have no right be required to vote on any amendment, waiver fund or other modification participate in Loans or Letters of a Loan Document, except as provided Credit in Section 14.1.1(c).excess of its

Appears in 1 contract

Samples: Loan and Security Agreement (Ak Steel Holding Corp)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).15.1.1

Appears in 1 contract

Samples: Loan and Security Agreement (Us Concrete Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans Loans, to share in fees or Letters of Creditfor any other determination permitted hereunder, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Transaction Document, except as provided in Section 14.1.1(c13.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (KCAP Financial, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in Loans or Letters of Creditreceive collections with respect to the Loans), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Innerworkings Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 1 contract

Samples: Loan Agreement (Us Concrete Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or and Letters of CreditCredit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c15.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Stonemor Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or participate in Loans or Letters of Creditreceive collections with respect to Loans, the Administrative Agent may exclude the Commitments and Loans of any a Defaulting Lender(s) Lender from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c14.1.1(b).

Appears in 1 contract

Samples: First Amendment Agreement (United Natural Foods Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations or rights to fund or fund, participate in or receive collections with respect to Loans or Letters of Credit(including existing Swingline Loans and Protective Advances), Agent may exclude the in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c14.1.1(b).

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (AutoWeb, Inc.)

Reallocation of Pro Rata Share; Amendments. For purposes of determining Lenders’ obligations to fund or participate in Loans or Letters of Credit, Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of Pro Rata shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c)12.9.1.

Appears in 1 contract

Samples: Loan and Security Agreement (Standard Register Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!