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

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or 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 Shares; provided that such calculation shall not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Document, except as provided in Section 13.12.

Appears in 8 contracts

Samples: Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.), Credit Agreement (Iridium Communications Inc.)

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Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or acquire participations participate 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; provided provided, however, that in no event will any Lender be required to fund or participate in Loans or Letters of Credit if as a result of such calculation shall not cause funding or participation the aggregate Revolving Exposure amount of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Loans and participations in LC Obligations would exceed its Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Loan Document, except as provided in Section 13.1215.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Us Concrete Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or acquire participations participate 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; provided provided, however, that in no event will any Lender be required to fund or participate in Loans or Letters of Credit if as a result of such calculation shall not cause funding or participation the aggregate Revolving Exposure amount of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Loans and participations in LC Obligations would exceed its Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Loan Document, except as provided in Section 13.1215.1.1(c). 4.2.2.

Appears in 1 contract

Samples: Loan and Security Agreement (Us Concrete Inc)

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or acquire participations participate 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; provided provided, however, that in no event will any Lender be required to fund or participate in Loans or Letters of Credit if as a result of such calculation shall not cause funding or participation the aggregate Revolving Exposure amount of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Revolver Loans and participations in LC Obligations would exceed its Commitment. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Loan Document, except as provided in Section 13.1215.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (U.S. Concrete, Inc.)

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Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or acquire participations in Revolving Loans or Letters of CreditLoans, the Administrative Agent may exclude the Revolving Commitments and Revolving Loans of any Defaulting Lender(s) from the calculation of Pro Rata Shares; provided that such calculation shall not cause the aggregate Revolving Exposure Shares and any Commitments of any Nonsuch Defaulting Lender shall automatically be reallocated among the non-Defaulting Lender to exceed Lenders pro rata in accordance with their Commitments, so long as the conditions set forth in Section 4.02 are satisfied at the time of such Non-Defaulting Lender’s Revolving Commitmentreallocation. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Loan Document, except as provided in Section 13.1211.01.

Appears in 1 contract

Samples: Cenveo, Inc

Reallocation of Pro Rata Share; Amendments. For purposes of determining the Revolving Lenders’ obligations to fund or acquire participations participate 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 Shares; shares (provided that, no Lender shall be reallocated any such amounts or be required to fund any amounts pursuant to such reallocation that such calculation shall not would cause the aggregate Revolving Exposure sum of any Non-Defaulting Lender its outstanding Revolver Loans and its participations in outstanding Letters of Credit to exceed such Non-Defaulting Lender’s Revolving its Revolver Commitment). A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Credit Loan Document, except as provided in Section 13.1214.1.1(c).

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

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